ADB sets out Strategy 2030

The ADB has approved a new long-term corporate strategy – Strategy 2030. 

ADB’s support will focus on seven operational priorities: (i) addressing remaining poverty and reducing inequalities; (ii) accelerating progress in gender equality; (iii) tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability; (iv) making cities more liveable; (v) promoting rural development and food security; (vi) strengthening governance and institutional capacity; and (vii) fostering regional cooperation and integration.

At least 75% of the number of ADB’s committed operations (on a three-year rolling average, including sovereign and non-sovereign operations) will promote gender equality by 2030. ADB will ensure that 75% of the number of its committed operations (on a 3-year rolling average, including sovereign and non-sovereign operations) will be supporting climate change mitigation and adaptation by 2030. Climate finance from ADB’s own resources will reach $80 billion for the period 2019 to 2030. A new corporate results framework – expected to be ready in mid-2019 – will include more targets for ADB’s other operational priorities.

To support the seven operational priorities under Strategy 2030, ADB will expand and diversify its private sector operations to reach one-third of ADB operations in number by 2024.