ADB's 2019 operations reach $33.74bn

The Asian Development Bank’s projects, programs, and other development support amounted to $33.74 billion in 2019.

The lender's ADB’s Annual Report 2019 revealed that new commitments in 2019 included $21.64 billion in loans, grants, investments, and guarantees from ADB’s own resources. Disbursements in 2019 reached a record $16.47 billion, a 16.1% increase from 2018. 

ADB’s private sector operations in 2019 reached the $3 billion mark for the second consecutive year, while cofinancing amounted to $11.86 billion in 2019, with ADB’s private sector operations accounting for $6.98 billion of total cofinancing.

ADB climate financing reached a record high of $6.55 billion in 2019. The bank met its goal of doubling its annual climate investments from $3 billion in 2014 a year ahead of schedule. Strategy 2030 sets a target for cumulative climate financing of $35 billion by 2024 and $80 billion by 2030. 

And in response to COVID-19, ADB approved a $20 billion package to finance wide-ranging actions and programs to help its developing members address the impacts of the pandemic.