ADB releases Annual Review report

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BEIJING: The Asian Development Bank (ADB) has released the 13th annual performance report of its corporate results framework, the Development Effectiveness Review, a management tool that monitors performance and progress during 2019.
“This year’s report is the first to track progress in implementing ADB’s corporate Strategy 2030,” said Director General of ADB’s Strategy, Policy, and Partnerships Department Tomoyuki Kimura.
“This yearly process enables ADB to spot and analyze trends in corporate effectiveness, identify underlying issues, and develop actions to improve,” according to a news release issued here on Monday. The report focuses on progress achieved against 60 corporate performance indicators. In 2019, ADB made a strong start on aligning its new operations with Strategy 2030 priorities, especially gender equality, according to the report. The share of gender mainstreamed operations rose by 10 percentage points to 80% of all ADB operations committed in 2019 and the record gender mainstreaming performance exceeded the 2024 target.
The proportion of ADB operations supporting climate change mitigation and/or adaptation increased to 59% during 2017–2019 from the 56% baseline.
ADB also made strong progress toward achieving its cumulative climate financing target of $80 billion for climate change mitigation or adaptation between 2019 and 2030. In 2019, ADB committed $6.5 billion, or 30% of the total financing ADB committed that year. Financing for health reached 2.95% of total ADB commitments in 2019, a significant increase from the baseline of 1.75%, and close to the 2024 target range of 3%–5%.