Asian Development Bank and Luxembourg: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides information on Luxembourg's contributions to ADB in terms of capital subscription and funding, the country’s delegates to ADB, and the involvement of Luxembourg companies and consultants in ADB projects. The Asian Development Bank (ADB) is dedicated to reducing poverty in the Asia and Pacific region through pro-poor sustainable economic growth, social development, and good governance. Established in 1966, it is owned by 66 member nations—47 from the region—who have committed $116 billion to the vision of a region free of poverty. Luxembourg is the 29th largest shareholder. It has contributed $172.08 million in capital subscription and $37.04 million to special funds since joining in 2003. Despite many successes, the region is still home to two thirds of the world’s poor: nearly 1.9 billion people who live on $2 a day or less, with 620 million struggling on less than $1 a day.