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 (ADB) provide Australia with the opportunity to engage and influence policy for strengthened regional development outcomes.
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
Aside from providing concessional loans to Development Member Countries (DMCs), the ADB also provides grants to those DMCs with moderate to high risk of debt distress through the Asian Development Fund (ADF). ADF-financed operations serve many of the economic, strategic, and humanitarian interests of contributing members in a cost-effective manner. In 2016, the Australian Government pledged $468.54 million for the most recent replenishment of the ADF (2017-2020). Australia was the second largest donor to this ADF replenishment.
In 2017, Australia was the largest provider of consulting services to ADB-financed projects and ADB technical assistance.
Media release: Australian support for economic development in the Indo-Pacific
The ADB publishes an annual Australia factsheet on development cooperation between the ADB and Australia. In 2018, 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 7,100 kilometres of roads
- Facilitated 2.5 million tons of cross-border cargo
- Installed 340,000 megawatts of renewable energy
- Developed irrigation, drainage and/or flood management on 410,000 hectares of land
Education to support growth
- 1.6 million students benefited from new or improved educational facilities
- Trained 73,000 teachers
- Provided 3.5 million female students with a better education
- Around 18,000 women directly benefited from microfinance operations
- Overall better gender outcomes across most ADB-financed projects
- Provided 205,000 households with new or improved water supply
- Added 245,000m3 per day of waste water treatment capacity
- Provided 142,000 households with increased access to basic sanitation