ADB’s Strategy 2030 focuses on eradicating extreme poverty while working for a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. Financing partnerships are vital to this effort, especially in addressing the impacts of the polycrisis starting with the COVID-19 pandemic and, more recently, the Russian invasion of Ukraine, food and fuel crises, natural hazards leading to disasters, and the rising inflation that hit poor and vulnerable people.
As the pandemic slowly ebbs, impending crises and chronic problems have been exposed: massive learning and job losses, strained education and health systems, and vulnerable populations without adequate social protection.
The protracted pandemic has exacerbated pre-existing gender inequalities and increased socioeconomic disparities for women and girls.
Climate change and environmental deterioration are the key issues of this generation. Failure to address them in a unified way will endanger the lives of current and future generations.
Cities are often the engines of economic growth, attracting more and more people with opportunities to prosper. The work to make these cities more livable gets more essential and urgent with time.
A burgeoning food crisis is grappling the region, further disrupting the global food system that is still recovering from the effects of the COVID-19 pandemic lockdowns.
Governments in Asia and the Pacific have been focusing on building resilience as the region continues its journey toward a full COVID-19 pandemic recovery.
As Asia and the Pacific emerges from the global pandemic, regional cooperation efforts are putting economic and social development goals on track by drumming life into local and regional value chains and other forms of cross-border integration.