Asian Development Bank and Finland: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides information on Finland's contributions to ADB in terms of capital subscription and funding, the country’s delegates to ADB, and the involvement of Finnish companies and consultants in ADB projects The Asian Development Bank (ADB) is a multilateral development finance institution owned by 63 members, 45 from Asia and the Pacific and 18 from other parts of the globe. ADB’s vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member countries reduce poverty and improve their living conditions and quality of life. ADB pursues a strategic agenda—sustainable economic growth, inclusive social development, and governance for effective policies and institutions—with three crosscutting themes: private sector development, regional cooperation, and environmental sustainability. ADB’s main instruments in providing help to its developing member countries are policy dialogues, loans, technical assistance, grants, guarantees, and equity investments. In 2003, ADB’s total lending volume was US$6.1 billion. Technical assistance, which is used for preparing and implementing projects, supporting advisory activities, and undertaking regional activities, amounted to US$176.5 million. Grants totaling US$483.5 million were also provided.