World Bank Group
The World Bank Group (WBG) has been working with ADB since 1972. The WBG works with countries to implement sustainable solutions to reduce poverty and build shared prosperity in developing countries.
At a Glance
Cumulative Project-Specific Cofinancing
$14.5 billion
2020 Project-Specific Cofinancing
- $1.3 billion
WBG’s collaboration with ADB prioritizes projects on health, education, infrastructure, agriculture, public administration, macroeconomic management, institutional development, governance, financial and private sector development, environmental protection, and natural resource management.
In April 2020, ADB and the International Finance Corporation, a member of the WBG, discussed common development goals, including opportunities to expand their collaboration in responding to COVID-19, tackling climate change, creating new markets, and mobilizing private sector financing.
The WBG cofinanced nine projects in 2020, including three COVID-19-related, for a total of $1.3 billion. These projects include a water supply project in Kiribati’s South Tarawa, an integrated water resources development in Afghanistan’s Arghandab, macroeconomic resilience program in Tonga, transport infrastructure on Kiribati’s outer islands, urban water and sanitation project in Solomon Islands, an expanded social assistance project in the Philippines, COVID-19 emergency assistance and expenditure support, and shock-responsive social protection in Pakistan and Mongolia, respectively.
1 January 2014–31 December 2020 Cofinanced Project
a G for grant, TA for technical assistance