How does ADB view the relationship between economic development and poverty alleviation?

The view that economic development and poverty alleviation are interconnected and mutually reinforcing aligns with ADB's mission and approaches in regional development. ADB recognizes that sustainable economic growth often leads to increased job opportunities, improved infrastructure, better healthcare, and enhanced education, all of which contribute to reducing poverty levels.

By fostering economic development through investments in infrastructure or promotion of private sector growth, ADB believes that these advancements create a more conducive environment for lifting people out of poverty. Conversely, addressing poverty is seen as essential for achieving long-term economic stability and growth, as a healthier, more educated population can better contribute to and participate in the economy.

This perspective underscores the importance of implementing integrated policies and strategies that focus on both economic growth and poverty reduction simultaneously, as they are not only linked but also crucial for sustainable development in the Asia-Pacific region.