ADB approves 2020 administrative budget

The 2020 budget will support ADB’s work program, which includes estimated commitments of USD18.2 billion for sovereign operations, USD3.4 billion for nonsovereign operations, and USD422 million for technical assistance.

“ADB’s 2020 budget will support the implementation of Strategy 2030. Our work program is focused on the seven operational priorities set out in the strategy as well as operations quality, expansion of nonsovereign operations, and providing high quality knowledge solutions,” said ADB President Mr. Takehiko Nakao. “ADB is maintaining prudent budget growth by making the best use of existing resources and continuing to improve productivity and efficiency.”

The main cost drivers include an increase in staffing to deliver the bank’s long-term strategic plan, Strategy 2030; additional information technology (IT) requirements; and support for resident missions. ADB estimates that most of the increased staff will be for nonsovereign operations and related support, sovereign operations, and additional skills required for the seven operational priorities under Strategy 2030. The Real-Time ADB IT reform program and the Digital Agenda 2030 will deliver benefits, in terms of quality, productivity, efficiency, and cybersecurity./.