The Asian Development Bank (ADB) is an important development partner for Australia that is able to leverage significant financial resources and expertise for sustainable development and poverty reduction. It is the principal international development finance institution for the Asia-Pacific region and its strategic priorities closely align with the objectives of Australia's aid program including contributing to sustainable economic growth and poverty reduction.
Australia's membership and financial contributions to the Asian Development Bank provide Australia with the opportunity to engage and influence policy for strengthened regional development outcomes.
Following balance sheet reforms, the Asian Development Fund (ADF) has become the grants-only financing arm of the ADB, targeting assistance to developing countries in the region for poverty alleviation. In 2016, the Australian Government pledged $468.54 million for the most recent replenishment of the Asian Development Fund (2017-2020). Australia was the second largest donor to this ADF replenishment.
The guiding principles of the Australia and the Asian Development Bank relationship are set out in a Partnership Framework which is periodically amended to ensure it reflects contemporary conditions. The Partnership Framework for the period 2016-2020 was signed on 9 February 2016.
The ADB publishes an annual Australia factsheet on development cooperation between the ADB and Australia. In 2015, the ADB published its review of development effectiveness which tracks recent development progress in Asia and the Pacific, assesses ADB's development effectiveness, and identifies areas where ADB's performance needs to be strengthened.
A snapshot of results from the Asian Development Bank's ADF in 2015
Investing in infrastructure to provide jobs and grow economies
- Built or upgraded 3,000 kilometres of national highways, district, or rural roads
- Facilitated 435,000 tons of cross-border cargo
- Developed irrigation, drainage and flood management on 25,000 hectares of land
Education to support growth
- 7.5 million students provided with a better education
- 6.74 million students benefited from new or improved educational facilities
- Trained 588,000 teachers
- 56,000 microfinance loan accounts opened or extended to women
- Provided 3,570,000 female students with new or improved education facilities
- Upgraded or installed 240km of water supply pipelines
- Added 17,000m3 per day of waste water treatment capacity
- Provided 37,000 households with increased access to basic sanitation