ADB's 2019 operations reach 33.74 bln USD

Source: Xinhua| 2020-05-18 15:25:33|Editor: huaxia

MANILA, May 18 (Xinhua) -- The Asian Development Bank (ADB) on Monday said its projects, programs, and other development support for its developing members in Asia and the Pacific amounted to 33.74 billion U.S. dollars in 2019.

ADB's Annual Report 2019, released on Monday, provides a comprehensive account of the operational and financial results of ADB in 2019.

ADB'S new commitments in 2019 included 21.64 billion U.S. dollars in loans, grants, investments, and guarantees from ADB's own resources to support the growth and development plans of its developing members.

According to the bank, cofinancing amounted to 11.86 billion U.S. dollars in 2019, with ADB's private sector operations accounting for 6.98 billion U.S. dollars of total cofinancing.

"We will build on these achievements to ensure we remain relevant and responsive to our members' needs as they take action to combat and recover from the novel coronavirus disease (COVID-19) pandemic," ADB President Masatsugu Asakawa said.

To respond to the pandemic, the Manila-based bank approved on April 13 a 20-billion-U.S.-dollar package to finance wide-ranging actions and programs to help its developing members address the impacts of the pandemic.

Established in 1966, the ADB is composed of 68 members, 49 of which are from the Aisa-Pacific region. Enditem