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) became a grants-only source of financing from 1 January 2017, 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.
Media release: Australian support for economic development in the Indo-Pacific
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.
Media release: Australia and the Asian Development Bank New Partnership Framework
The ADB publishes an annual Australia factsheet on development cooperation between the ADB and Australia. In 2017, the ADB published its annual 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 2016
Investing in infrastructure to provide jobs and grow economies
- Built or upgraded 1,800 kilometres of national highways, district, or rural roads
- Facilitated 1,254,000 tons of cross-border cargo
- Installed 140,000 megawatts of renewable energy
- Developed irrigation, drainage and flood management on 267,000 hectares of land
Education to support growth
- Provided 3.5 million students with a better education
- 930,000 students benefited from new or improved educational facilities
- Trained 278,000 teachers
- 1,515,000 microfinance loan accounts opened or extended to women
- Provided 442,000 female students with new or improved education facilities
- Upgraded or installed 2500km of water supply pipelines
- Added 2,300m3 per day of waste water treatment capacity
- Provided 22,000 households with increased access to basic sanitation