Courses : Intermediate Macroeconomics Lecturer : Frischa Adellia Semester : 4th Semester, 2022/2023 Sesion Asian Bank for Development (ADB) The Asian Bank for Development (ADB) is an international financial institution founded in 1966 to help promote sustainable and inclusive economic growth in Asia and the Pacific. ADB is headquartered in Manila, Philippines and currently has 68 member countries. ADB's main objective is to provide loans and financial assistance to member countries in order to facilitate infrastructure development, private sector investment, institutional reform, and human resource development. ADB also works with governments, non-governmental organizations, and the private sector to develop innovative solutions to address development challenges in the Asia and Pacific region. ADB's objectives are: a. Provide loans and make capital investments to accelerate the economic and social development of developing countries b. Provide technical assistance in the preparation and implementation of development projects c. Promote investment for public and private sectors for development purposes d. Make a response to requests for technical personnel from member countries in the context of planning coordination and policy formulation. ADB has three main pillars in its activities, namely: 1. Loan ADB provides loans to member countries to finance infrastructure development and other development projects. ADB loans have competitive terms and interest rates and are usually provided in the form of long-term loans. 2. Technical support ADB also provides technical assistance to member countries to strengthen the institutional capacity and human resources needed to promote sustainable economic growth. 3. Capital Investment ADB also invests in private sector capital in member countries to help finance profitoriented development projects, including investments in infrastructure, energy, and transportation. As an important international financial institution, ADB plays a crucial role in supporting economic and social development in the Asia and Pacific region. ADB has several important policies and strategies in implementing its activities, namely: 1. 2030 Strategy Strategy 2030 is ADB's long-term plan for promoting sustainable, inclusive, and climateresilient economic growth in Asia and the Pacific. This strategy includes four main pillars, namely: the first pillar is accelerating infrastructure development, the second pillar is increasing human capacity and social inclusion, the third pillar is strengthening resilience and resilience to climate change, and the fourth pillar is strengthening regional and global cooperation. 2. Clean and Environmentally Friendly Development Policy ADB has adopted a clean and green development policy that provides guidelines for member countries to develop projects that are sustainable and considerate of environmental impacts. 3. Focus on Developing Countries ADB has a primary focus on helping developing countries in Asia and the Pacific, especially those that are less developed and marginalized. 4. Regional Cooperation ADB seeks to promote regional cooperation between countries in Asia and the Pacific in efforts to strengthen economic integration and increase trade and investment between countries. 5. Anti-Corruption Policy ADB takes a tough action against corruption and promotes good governance and transparency in financial management. As one of the leading international financial institutions, ADB has made a significant contribution to promoting sustainable and inclusive economic development in Asia and the Pacific. In carrying out its activities, ADB continues to strive to develop innovative and sustainable solutions to address development challenges in the region. In addition, ADB also plays an important role in promoting infrastructure development in Asia and the Pacific, which is a key factor in driving economic growth in the region. ADB has provided loans and financial assistance for critical infrastructure projects in various sectors, such as transportation, energy, water and sanitation, and telecommunications. Through this support, ADB hopes to help member countries accelerate economic growth, create jobs, and improve the quality of life for people in the region. In addition, ADB continues to promote private sector development in Asia and the Pacific by providing capital investment in profit-oriented private projects. ADB seeks to create an enabling environment for the private sector by reducing barriers to trade and investment, increasing access to financial markets, and promoting partnerships between the public and private sectors in building infrastructure. In addition to providing financial support, ADB also provides technical assistance to member countries to strengthen their capacity to design and implement development policies. This technical assistance includes support in the areas of development planning, financial management, institutional strengthening, and human resource development. In the face of global challenges such as climate change and the COVID-19 pandemic, ADB continues to strive to strengthen regional and global cooperation to find common solutions. ADB is also committed to integrating the principles of sustainable and environmentally friendly development in all activities and projects it supports. Overall, the Asian Bank for Development (ADB) is an important international financial institution in promoting sustainable, inclusive, and climate-resilient economic development in Asia and the Pacific. Through financial support, technical assistance, and regional and global cooperation, ADB seeks to create an environment conducive to economic growth and prosperity in the region.