Asian Development Bank and Palau: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides social and economic indicators on Palau as well as concise information on ADB's operations in the country and contact information. 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. ADB was established in 1966. Palau joined ADB in 2003. ADB’s headquarters is in Manila. It has 23 offices around the world. ADB's staff numbers more than 2,000 employees from over 50 countries.