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ADB’s Net Allocable Income Reaches $1.13 Billion

Diep Nguyen
BizLIVE -

ADB’s ordinary reserve will be allocated $734.3 million to support the bank’s capital adequacy and provide an earnings base to generate net income.

ADB’s Net Allocable Income Reaches $1.13 Billion
The Board of Governors of the Asian Development Bank (ADB) today approved the bank’s annual financial statements. It also adopted a resolution to allocate $1.13 billion in net allocable income from 2020 ordinary capital resources, the highest in ADB’s history.  
The 2020 net allocable income is $62.5 million higher than in 2019, largely led by an increase in income from equity investments and sovereign lending operations.  
ADB’s ordinary reserve will be allocated $734.3 million to support the bank’s capital adequacy and provide an earnings base to generate net income. The Asian Development Fund, which provides grants to ADB’s low-income developing member countries (DMCs), will receive $292.4 million. 
The Technical Assistance Special Fund, which provides a stable and predictable funding source for ADB’s technical assistance, will receive $90 million.  
The Asia Pacific Disaster Response Fund, which provides assistance to DMCs for life-saving purposes in the immediate aftermath of major disasters triggered by natural hazards, will receive $15 million.  
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region. 

DIEP NGUYEN