The United Kingdom has contributed more than $4 billion to the work of the Asian Development Bank (ADB) to provide loans, grants and technical assistance that help the poor and vulnerable in Asia and the Pacific.
Updated yearly, this ADB Fact Sheet provides information on United Kingdom's contributions to ADB in terms of capital subscription and funding, the country’s delegates to ADB, and the involvement of companies and consultants from the United Kingdom in ADB projects.
Research and Evidence Division (RED) is responsible for making DFID more systematic in the use of evidence and thereby having greater development impact by:
Despite reasonable growth rates, the Asia Pacific region is home to 743 milliion people living on less than $1.25 per day, and 1.6 billion on less than $2 per day (40% of the population) (UNESCAP 2013). The core countries of the Asia Regional Programme are among those with the worst poverty rates in Asia (e.g. 76%, 60% 53% on less than $2 per day in Bangladesh, Pakistan and Nepal respectively). The development challenges are complex and multidimensional – with significant economic, political, social and environmental drivers.
Bangladesh has unquestioned potential. Goldman Sachs listed it in their ‘Next 11’ economies, with high potential to become one of the world’s largest economies in the 21st century. However, the country has been sliding down the World Bank/IFC Ease of Doing Business rankings (currently 173rd out of 189 countries) in recent years. Foreign investment is relatively low, but exports exceeded $25.6bn in 2011, 48% up on 2009, largely from the garment, jute, leather, frozen fish and seafood sectors.
Achievement of the MDGs
Nepal is the second poorest country in Asia (GNI/Capita, 2010). Only Afghanistan is poorer. 40% of under-fives are stunted and a quarter are underweight and one in 22 children do not survive to their first birthday.
However, poverty levels have fallen significantly in recent years: from 41.2% of the population living on less than $1.25/day in 1995 to 24.8 % by 2010. This is largely due to remittance flows and so is vulnerable to the global economic situation. Almost half of Nepali families rely on incomes from abroad.
Sub Saharan Africa has 12% of the world’s population but is home to just under a third of the world’s poor. Its economy has a combined Gross National Income only 9% larger than the Netherlands. Africa needs economic growth to reduce poverty, but its economic and political geography presents some significant challenges that will not be overcome through working at country level alone.
The UK Government is determined to help end extreme poverty around the world. We believe that international development is not just the right thing to do, but the smart thing to do. Britain has never stood on the sidelines, and it is in all our interests for countries around the world to be stable and secure, to have educated and healthy populations and to have growing economies. DFID aims to end aid dependency through jobs – building the economies of developing countries so that they can stand on their own feet.
By 2020 Rwanda aims to complete its transformation from a poor, post-conflict nation to a thriving, middle income, regional trade and investment hub. But Rwanda’s progress will stall without transformative changes that: create wealth and investment and invigorate the private sector, improve basic services, increase the accountability of the state to its people, and address potential causes of conflict and fragility, especially regional instability.
The UK Government is determined to help reduce the inequalities of opportunity we see around the world today. We believe that promoting global prosperity is both a moral duty and in the UK‟s national interest. Aid is only ever a means to an end, never an end in itself. It is wealth creation and sustainable growth that will help people to lift themselves out of poverty.
In May 2011, President Obama and Prime Minister Cameron reaffirmed our mutual commitment to improving the lives of the world’s poorest people through the U.S.-UK Partnership for Global Development. Through the Partnership, we are working together to achieve better results by advancing economic growth; preventing conflict in fragile states; improving global health, particularly for girls and women; strengthening mutual accountability, transparency, and measurement of results; and mitigating the effects of climate change.
UK aid is about generating opportunity and prosperity for poor people in developing countries.
This document sets out how we intend to put the private sector centre-stage in doing this.
Our new approach to working with the private sector is about us doing more with and for private enterprise, extending this work in new areas, and doing it better. We want private sector thinking to become as much part of DFID’s DNA as our work with charities and governments.