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16 December, 2018 00:00 00 AM
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ADB administrative budget for 2019 approved

BSS, Dhaka

The Asian Development Bank (ADB) approved the 2019 administrative budget of $690.5 million. This represents a 2.7 percent increase over the 2018 administrative budget, consisting of 1.3 percent in price increase and 1.4 percent in volume growth.

The volume growth is -0.1 percent if excluding the three special initiatives for IT reforms, organizational resilience, and the decentralization of operations, said an ADB media release. The 2019 budget will support ADB’s work program, which includes estimated commitments of $17.1 billion for sovereign operations, $3.2 billion for nonsovereign operations, and $329 million for technical assistance.

The main cost drivers include increased staffing to deliver the work program, information technology reforms, the organisational resilience program, and support for the decentralization of operations.

“This budget is the first under Strategy 2030, and supports ADB’s increasingly complex and expanding work program,” said ADB President Mr. Takehiko Nakao. “ADB will focus on operationalizing Strategy 2030 and will strengthen the One ADB approach.”

Under Strategy 2030, ADB aims to address remaining poverty and reduce inequalities in Asia and the Pacific; accelerate progress in gender equality; tackle climate change, build climate and disaster resilience, and enhance environmental sustainability.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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