The Asian Development Bank launches a new operating model to better serve Asia and Pacific needs
The Asian Development Bank (ADB) has adopted a new operating model, to more effectively serve the rapidly changing needs of its member countries in Asia and the Pacific areas.
Asia and the Pacific regions have made great strides in poverty reduction and economic development. As it emerges from the COVID-19 pandemic, the Region aspires to recover swiftly, accelerate unfinished development agendas, and overcome challenges such as climate change. The Asian Development Bank (ADB) has effectively supported the region’s transformation, but it intends to do more to increase its impact.
The reform, the first one since 2002 and a result of an organizational review that began in June 2021, will enable ADB to have 4 main shifts:
- increase its capacity as the region’s key climate bank. ADB aims to reach 100 billion dollars of climate financing