The CSO Aid Observatorio includes a total of 34 ADB-funded development projects, in which most of the projects (26 projects) are funded by ADB alone. The remaining projects are co-funded by donor countries like Japan and multilateral development banks. Touting themselves recently as the “climate bank” of the Asia Pacific, the Asian Development Bank (ADB) is an international financial institution that provides grants, loans, technical assistance, and equity investments to developing member countries with the goal of achieving a “prosperous, inclusive, resilient, and sustainable Asia and the Pacific.” It is one of the major channels of development finance in the region. 

Across the Asia-Pacific region, the majority of the financing is channeled towards infrastructure projects in Central Asia (15 projects), South Asia (12),  Southeast Asia (6), and Northeast Asia (1). There is a stress on energy projects, as the ADB presents itself as a major player in the energy transition of the region. This is followed by transportation projects, reinforcing infrastructure and industrialization. However, projects aimed at the provision of social services, like healthcare and education, are not as equally funded. From ADB-funded infrastructure projects, adverse impacts such as forced displacement, militarization, corruption, lack of accountability and transparency, pollution, deforestation, hazardous waste or oil spills, loss of biodiversity, and landslide risks have been reported by communities.