ADF: A Safety Net in Polycrisis for the Most Vulnerable DMCs

The ADF is a key component in delivering ADB’s mandate and strategy for concessional assistance countries, particularly FCAS and SIDS. As climate change, geopolitical tensions, and the pandemic have strained the financial capacities of developing member countries, there is a pressing need for ADF grants to support their recovery efforts and long-term development plans. However, there is opportunity to enhance ADF’s impact through its instruments and windows. The ADF has become a platform of collaboration enabling ADB, in partnership with the donor community and international organizations, to respond swiftly consolidating donor efforts to alleviate poverty, foster economic resilience, and ensure a more equitable future for Asia and the Pacific.
Ambassador and U.S. ED Chantale Wong, DG IED Manny Jimenez, DG PARD Leah Gutierrez, and DDG SPD Vijay Padmanabhan discuss lessons and directions from IED’s evaluation, Navigating through the Polycrisis: Asian Development Fund 12 and 13 Support to Vulnerable Countries.