BAKU, Azerbaijan, Feb.5. European members of
the Asian Development Bank (ADB) have provided over $30 billion in
financing, innovation, and expertise to projects across Asia and
the Pacific, Trend reports via the ADB.
“Europe has partnered with ADB for decades, providing over $30
billion in financing as well as innovation and expertise,
delivering tangible results for people across Asia and the
Pacific,” said ADB President Masato Kanda. “This prosperity flows
both ways as ADB is a gateway for European companies to connect
with Asia’s dynamic markets for mutual benefit.”
Since its founding in 1966, European members have contributed
more than $18 billion in project cofinancing, nearly $2 billion in
trust fund contributions, and accounted for over 28% of the Asian
Development Fund—the bank’s main grant source for the region’s
poorest communities.
European firms have secured more than $15 billion in contracts
across energy, transport, water, and agriculture projects. ADB
highlighted opportunities for further engagement through a series
of business opportunity roadshows planned across Europe in
2026.
ADB, owned by 69 members—50 from the Asia-Pacific region—is a
leading multilateral development bank supporting inclusive,
resilient, and sustainable growth. The bank leverages innovative
financial tools and strategic partnerships to transform lives,
build quality infrastructure, and safeguard the planet.
