MANILA, PHILIPPINES — The Asian Development Bank (ADB) has announced a financial support package to help its developing member countries (DMCs) manage the economic and financial impacts of the Middle East conflict. ADB President Masato Kanda highlighted that the assistance will be rapid, flexible, and scalable, including fast-disbursing budget support and trade and supply chain finance to secure essential imports, including oil, building on the bank’s track record of supporting Asia and the Pacific during global uncertainty.
ADB is leveraging its resources and countercyclical lending buffer to safeguard ongoing operations while expanding emergency support in line with DMC needs. The bank is closely monitoring global market developments, particularly energy price volatility, inflationary pressures, and external account balances, which are affecting shipping, industrial inputs, agriculture, food production, tourism, remittances, and financial conditions across the region.
To address these challenges, ADB is deploying two main interventions: fast-disbursing budget support through its Countercyclical Support Facility to help governments stabilize economies and protect vulnerable populations, and its Trade and Supply Chain Finance Program (TSCFP) to ensure critical imports continue, including exceptional support for oil imports during this period of disruption.
ADB has already begun consultations with severely affected DMCs and will work closely with governments, development partners, and the private sector to maintain economic stability and protect the most vulnerable. Founded in 1966, ADB is a multilateral development bank owned by 69 members, supporting sustainable, inclusive, and resilient growth across Asia and the Pacific through innovative financial tools, strategic partnerships, and infrastructure development.
