In 2011, the Asian Development Bank (ADB) approved $21.72 billion in financing operations, representing a 14.5% increase on 2010 financing, according to the latest Annual Report of the Board of Directors to the Board of Governors. The 2011 Annual Report highlights how ADB has helped developing member countries in Asia and the Pacific make progress toward inclusive growth. It includes a comprehensive discussion on ADB’s operational, administrative, and financial activities in 2011, complete financial statements and opinions of the independent auditors, and a separate report on the activities of the Special Funds of ADB. It also contains chapters on regional, sectoral and thematic highlights.

In 2011, the Asian Development Bank (ADB) approved $21.72 billion in financing operations, representing a 14.5% increase on 2010 financing, according to the latest Annual Report of the Board of Directors to the Board of Governors. The 2011 Annual Report highlights how ADB has helped developing member countries in Asia and the Pacific make progress toward inclusive growth. It includes a comprehensive discussion on ADB’s operational, administrative, and financial activities in 2011, complete financial statements and opinions of the independent auditors, and a separate report on the activities of the Special Funds of ADB. It also contains chapters on regional, sectoral and thematic highlights.

This book is a history of the Asian Development Bank (ADB), a multilateral development bank established 50 years ago to serve Asia and the Pacific. Focusing on the region’s economic development, the evolution of the international development agenda, and the story of ADB itself, this book raises several key questions: What are the outstanding features of regional development to which ADB had to respond? How has the bank grown and evolved in changing circumstances? How did ADB’s successive leaders promote reforms while preserving continuity with the efforts of their predecessors? ADB has played an important role in the transformation of Asia and the Pacific the past 50 years. As ADB continues to evolve and adapt to the region’s changing development landscape, the experiences highlighted in this book can provide valuable insight on how best to serve Asia and the Pacific in the future.

The third Sustainability Report of the Asian Development Bank (ADB) offers easily accessible information on ADB’s policies, programs, and practices as they relate to the social and environmental sustainability of development in Asia and the Pacific, and on changes in this work that have occurred since ADB published its second Sustainability Report, in 2009. The report also documents ADB’s continuing efforts to minimize its corporate environmental impact, especially at its Manila headquarters. For comparability, ADB’s current Sustainability Report is structured similarly to its first two. All three reports respond to the latest guidelines of the Global Reporting Initiative while adapting to the particular characteristics of ADB’s work and the many different audiences interested in the information presented.

High and persistent levels of nonperforming loans (NPLs) have featured prominently in recent financial crises. This book traces NPL trends during and after crises, examines the economic impact of high NPLs, and compares the effectiveness of NPL resolution strategies across economies in Asia and Europe. The book distills important lessons from the experiences of economies using case studies and empirical investigation of ways to resolve NPLs. These findings can be invaluable in charting a course through the financial and economic fallout of the coronavirus disease (COVID-19) pandemic to recovery and sustained financial stability in Asia, Europe, and beyond.

The 2011 WDR on Conflict, Security and Development underlines the devastating impact of persistent conflict on a country or region's development prospects - noting that the 1.5 billion people living in conflict-affected areas are twice as likely to be in poverty. Its goal is to contribute concrete, practical suggestions on conflict and fragility.

The Office of the Special Project Facilitator (OSPF) is responsible for the Consultation Phase of the Accountability Mechanism of the Asian Development Bank (ADB). OSPF’s core function is to facilitate problem solving concerning ADB-assisted projects and programs using consensus-based methods, seeking agreement among all parties. In 2011, OSPF concluded the consultation process for two complaints, received and processed seven new complaints, and worked jointly with the Office of the Compliance Review Panel to inform stakeholders about the Accountability Mechanism through outreach sessions, both at ADB headquarters and in several countries. OSPF produced two new publications in 2011 and translated the Consultation Primer into the languages of three developing member countries to disseminate information about the complaint process and to promote the use of effective grievance redress mechanisms.