The Asian Development Bank said it adopted a comprehensive reform roadmap featuring a new operating model to accelerate its transformation and more effectively serve the rapidly changing needs of developing member countries in Asia and the Pacific.
It said the new operating model would enable the ADB to increase its capacity as the region’s climate bank; strengthen its work to develop the private sector and mobilize private investments in the region; provide a larger range of high-quality development solutions for its developing member countries; and modernize ways of working to make it more responsive, agile and closer to clients.
These four key shifts will help ADB deliver on the ambitious development goals of its corporate strategy, Strategy 2030.
“These reforms are both timely and essential,” said ADB president Masatsugu Asakawa.
“Our new operating model will position us to better respond to the complex development challenges now faced by Asia and the Pacific. It builds on ADB’s core strength, our staff, to help us deliver solutions with the greatest development impact for the region,” he said.