Asian Development Fund
Asian Development Bank (ADB)
ADB's Strategy 2020 vision of an Asia-Pacific free of poverty guides the Asian Development Fund (ADF) with three complementary development agendas: inclusive economic growth, environmentally sustainable growth, and regional cooperation and integration. ADB reaffirmed these strategic priorities in addressing the remaining and emerging challenges in the region in its Midterm Review of Strategy 2020.
35.9 USD billion
ADB's performance-based allocation (PBA) policy guides the allocation of ADF resources. The policy supports poverty reduction and sustainable development by allocating ADF resources based on country performance. It also considers other factors such as country needs, absorptive capacity, and special circumstances.
ADB conducts Country Performance Assessments (CPAs) for all ADF countries. Each country's performance is assessed based on:
the coherence of its macroeconomic and structural policies;
the quality of its governance and public sector management;
the degree to which its policies and institutions promote equity and inclusion; and
the performance of its portfolio of ongoing projects and programs.
The PBA exercise determines allocation shares for ADF borrowers using a formula that considers:
country size, as measured by population; and
economic need, as measured by GNI per capita.
Strategy and Policy Department, Asian Development Bank ADB Headquarters, 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines +632 632 4444