The Asian Development Bank's (ADB) mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Established in 1966, the ADB provides loans, technical assistance and grants to its developing member countries in Asia and the Pacific. It is the third largest provider of development finance in the region.
Canada is a founding member of the ADB, which has 67 country members. Canada is the fifth largest shareholder and sits on the 12-member Board of Directors.
Through CIDA, Canada also contributes to the Asian Development Fund (ADF) which provides grants and low-interest loans to the region's poorest countries. CIDA has also contributed to trust funds in areas such as equality between women and men, results-based management, climate change, and avian flu prevention. CIDA works with ADB on country-specific initiatives in Afghanistan, Bangladesh, Indonesia, Nepal, Pakistan and the Philippines.
The ADB's long-term strategic framework for 2008-2020, Strategy 2020 (PDF, 499 KB, 43 pages), closely aligns with two of CIDA's priority themes: stimulating sustainable economic growth and securing the future of children and youth.
The ADB's focus on inclusive economic growth, environmentally sustainable green growth, and regional integration makes it a key multilateral partner for CIDA in stimulating sustainable economic growth in developing countries in Asia.
The ADB's programming in education throughout Asia aligns with CIDA's focus on securing a future for children and youth.
CIDA's work with the ADB focuses on three strategic objectives:
Between 2009 and 2011, with the support of CIDA and other donors, the ADB and ADF have helped:
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