What role do partnerships play in ADB's operational strategy?

Partnerships are integral to ADB's operational strategy because they facilitate collective impact and enable effective resource sharing among various stakeholders, including governments, private sector players, and civil society organizations. By collaborating with these entities, ADB can leverage diverse expertise, knowledge, and resources, which enhances the effectiveness and sustainability of development efforts. This collaborative approach also allows for a more comprehensive understanding of regional and sectoral challenges, leading to more tailored and impactful solutions.

Strong partnerships promote coordinated action toward common goals, such as poverty reduction, infrastructure development, environmental sustainability, and inclusive economic growth. The synergy created through partnerships often leads to more innovative and scalable solutions, addressing complex development challenges that one organization alone may struggle to tackle. Thus, partnerships are not merely an add-on but a foundational aspect of ADB’s strategy, underpinning its commitment to sustainable development in the region.