The Asian Development Bank

The Asian Development Bank (AsDB) was set up to support the poorer countries of the Asia and Pacific region in their efforts to reduce poverty and improve living conditions.

Switzerland is an active member in the governing bodies of the AsDB and carries out development projects together with the Bank.

The 1st part of the 55th Annual Meeting of the Board of Governors of the Asian Development Bank was held virtually in May 2022.
The 1st part of the 55th Annual Meeting of the Board of Governors of the Asian Development Bank was held virtually in May 2022.
The 2nd part of this Annual Meeting will take place in September 2022 in Manila, Philippines.
© AsDB

Role and activities of the AsDB

The AsDB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia, while sustaining its efforts to eradicate extreme poverty. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

In 2018, the AsDB approved a new long-term corporate strategy, Strategy 2030, which sets out the institution’s broad vision and strategic response to the evolving needs of Asia and the Pacific.

AsDB’s support focuses on seven operational priorities:

  • Addressing remaining poverty and reducing inequalities;
  • Accelerating progress in gender equality;
  • Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability;
  • Making cities more livable;
  • Promoting rural development and food security;
  • Strengthening governance and institutional capacity; and
  • Fostering regional cooperation and integration.

With the Asian Development Fund (AsDF), the AsDB has a separate window that offers the poorest developing countries non-repayable grants. AsDF resources come mainly from contributions of AsDB's member countries, which are mobilized under periodic replenishments.

When environmental measures are incorporated into urban planning, cities are better equipped to deal with the consequences of climate change.

Switzerland and the AsDB

Switzerland has been a member of the AsDB since 1967 and has supported the AsDF since its creation in 1973. The mandate of the AsDB corresponds to Switzerland’s objectives: both are committed to reducing poverty and preventing disasters as well as promoting environmentally and socially sustainable development.

Switzerland shares a constituency with Belgium, France, Italy, Portugal and Spain, jointly holding one seat on the Board of Directors.

Swiss objectives for cooperation with the AsDB

Apart from its institutional engagement among the Board of Directors, Switzerland cooperates operationally with the AsDB. Switzerland’s medium-term objectives are as follows:

  • strengthening the quality and sustainability of AsDB’s operations;
  • increasing AsDB’s capacity to support renewable energy and energy efficiency, disaster risk management and climate resilient urban development; and
  • promoting conflict-sensitivity in AsDB’s operations and policies.

Last modification 04.08.2022

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