ADB Aid, a Record High in 2009

The Asian Development Bank raised its financing by 42 percent to a record USD16.1 billion in 2009, up from USD11.3 billion in the previous year, according to the bank’s 2009 annual report. The rise in ADB financing is primarily attributed to the lender’s fifth general capital increase that tripled ADB’s capital base to USD165 billion from USD55 billion. Of the sum, about 81 percent was earmarked for infrastructure, finance, education, environment and regional cooperation. Vietnam, Indonesia and China were the top three recipients of ADB aid during the past year.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.