What is considered a crucial component of ADB's growth strategy?

Strengthening regional collaboration is a crucial component of ADB's growth strategy because it enables member countries to work together to address common challenges and leverage shared resources for economic development. Through regional collaboration, ADB facilitates partnerships that can enhance trade, investment, and infrastructure development across member nations. This interconnected approach allows countries to optimize their development efforts, harnessing collective strengths and addressing regional disparities more effectively.

By fostering regional cooperation, ADB helps to build a more integrated and resilient economy in Asia, which is essential for sustainable growth. Initiatives that promote collaboration can include projects in transportation, energy, and environmental sustainability, which are vital for regional development and integration.

The other options do not align with ADB's growth strategy. Limiting member participation would go against the inclusive nature of multilateral development banks. Raising funds solely from private entities would restrict the diversity of funding sources and limit the ability to address public sector needs. Redefining national boundaries is not a feasible or relevant strategy for a financial institution focused on development goals.