Asian Development Bank – Fifth General Capital Increase

This contribution represents Canada’s institutional support to the Asian Development Bank (ADB). The ADB is a multilateral development financial institution based in Manila Philippines whose mandate is to reduce poverty and improve the lives of the poor by fostering economic growth and regional cooperation. As articulated in the Bank’s long-term strategic framework Strategy 2020 the ADB pursues its vision by focusing on three complementary strategic agendas: 1) Inclusive economic growth; 2) Environmentally sustainable green growth; and 3) Regional integration and cooperation. The ADB focuses on five core areas including infrastructure environment regional cooperation and integration finance sector development and education by providing assistance to governments and private enterprises through loans technical assistance grants guarantees and equity investments. During the period of 2009-2012 Canada’s contribution to the institutional support of the ADB has supported projects in infrastructure policy support and reform production capacity health and education environmentally sustainable investments good governance and capacity building for development management and regional cooperation and integration.

Results achieved as of July 2011 to June 2015 (period of time covered by this review): 1. modernization of schools including the construction or modernization of classrooms and the training of more than 2.1 million teachers which has benefited approximately 24 million students; 2. the connection of 5.2 million new households to the electrical grid; 3. the installation or modernization of 16 780 km of transmission lines and 131 000 km of distribution lines; 4. the construction or upgrading 51 000 km of highways national and provincial roads rural and district as well as 2 600 km of rail lines; 5. contribution to a total reduction of greenhouse gas emissions equivalent to approximately 49 million tonnes of CO2 between 2011 and 2015; 6. the installation or modernization of 27 650 km of hose water and water supply to over 5 million new households and sanitation services to over 4.9 million new households; 7. the improvement of nearly 8 million hectares of land with irrigation services drainage and flood management; and 8. the creation or maintenance of approximately 8 million micro-credit accounts and more than 350 000 loan accounts for small and medium-sized enterprises.