The Asian Development Bank was conceived in the early s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world. The Asian Development Fund ADF is one of the oldest and the largest fund of the Asian Development Bank whose activities promote poverty reduction and improvements in the quality of life in the poorer countries of the Asia and the Pacific. It is a multilateral source of concessional assistance dedicated exclusively to the needs of the region. ADF operations have provided infrastructure and services to boost economic growth; assist countries with fragile and conflict-affected situations; and expand the access of the poor, women , and children to quality education and health care, reliable supply of electricity and clean water , and economic opportunities.
Asian Development Bank
Asian Development Bank | Innovations for Poverty Action
The Asian Development Bank ADB , which was established in , attempts to alleviate poverty in Asia by funding numerous welfare projects in the region. Many Asian countries are members of ADB, which provides them with loans and monetary assistance, as well as providing general technical help with different projects. Since its conception, ADB has made incredible progress in fighting poverty and assisting development in Asia. Still, much poverty remains to be fought—while Asian countries have experienced massive development in the 21st century, many rural areas have been left behind. Poverty remains a pervasive issue in Asia. The Asian Development Bank has changed the lives of many Asian residents, but much remains to be done.
Effective Approaches to Poverty Reduction: Selected Cases from the Asian Development Bank
This report outlines its main areas of operation and priorities for the future. The ADB has initiated and supported projects in the legal and justice sector since In earlier years, the focus was on putting in place legal frameworks for a market economy and building capacity among judges and government lawyers. However, in , the Bank re-committed itself to eradicating regional poverty, resulting in an expansion of its justice-related activities.
The case studies highlight effective approaches to poverty reduction by providing broader access to economic opportunities, promoting resilience, and empowering communities through improved governance. Stories about experiences gained from the successful implementation of projects serve as examples of how to develop and adopt better policies and practices toward eradicating poverty. Your opinion is valuable to us. Thank you for your collaboration!