Internship Report On Future Direction and Vision of Asian Development Bank- The Long-Term Strategic Framework (LTSF)


By 2020 we envision a dramatically transformed Asia. It will have conquered widespread absolute poverty in most countries, with more than 90% of its people living in “middle-income” countries. In a dramatic turnaround from 1980 its average income per capita (in PPP terms) will be comparable to Latin America’s (if still a fraction of North America’s and Europe’s). Its share of global GDP will approach 45%, and its share of world trade, 35%. Even though in “capital surplus,” the region will remain a magnet for private capital flows. And it will become a major factor in global issues. Tempering this overall positive picture is that some of the fastest growing countries will still have large numbers of poor people. Asia will continue to have many low-income or fragile economies with large development challenges. They will continue to require support from donors. The Asian Development Bank (ADB) is privileged to serve Asia, the world’s most populous and fastest growing region—a region rapidly emerging from widespread poverty. Asia appears poised to complete its transformation to the next stage of development. In this transformed Asia, the traditional model of development banking— transferring outside official capital—will become redundant.


ADB is widely seen as the development bank “belonging” to the region. Trusted by countries it has a good track record overall, particularly in infrastructure. The Bank is the institution of choice to continue delivering development assistance to Asia. But to play this desired role from now to 2020 ADB must change radically and adopt a new paradigm for development banking.

The New ADB should help tackle issues critical to further development of a newly middle income Asia by offering a more balanced blend of knowledge and financial assistance. To address the remaining pockets of poverty, its primary emphasis should be on supporting higher and more inclusive growth rather than transferring external aid. As a financial intermediary, it should connect lenders and borrowers from within the region. The New ADB must be much more focused, driven by three complementary strategic directions: moving from fighting extensive poverty to supporting faster and more inclusive growth, from economic growth to environmentally sustainable growth, and from a primarily national focus to a regional and ultimately global focus.

Its work should cover six core activities: infrastructure, financial development, energy and environment, regional integration, technological development, and knowledge management

  Infrastructure development should be a primary instrument to promote higher and more Inclusive growth, emphasizing public-private partnerships and supporting more conducive policy frameworks

.Financial development should bring together lenders and borrowers from within the region.

The work of the Asian Development Bank (ADB) is aimed at improving the welfare of the people in Asia and the Pacific, particularly the 1.9 billion who live on less than $2 a day. Despite many success stories, Asia and the Pacific remains home to two thirds of the world are poor.
ADB is a multilateral development financial institution owned by 67 members, 48 from the region and 19 from other parts of the globe.
ADB's vision is a region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their citizens.
ADB's main instruments for providing help to its developing member countries are
  • policy dialogue
  • loans
  • technical assistance
  • grants
  • guarantees
  • equity investments.
ADB's annual lending volume is typically about $6 billion, with technical assistance usually totaling about $180 million a year.
Its headquarters is in Manila and has 26 other offices around the world:
  • 19 resident missions in Asia
  • 3 sub regional offices in the Pacific
  • representative offices in Frankfurt for Europe, Tokyo for Japan, and Washington, DC for North America
  • a special liaison office in Timor-Leste
ADB has more than 2,000 employees from over 50 countries.


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