The FINANCIAL — The Asian Development Bank (ADB) today approved the capital expenditure proposal for Stage 1 of Digital Agenda 2030. The Digital Agenda provides the vision and roadmap for ADB’s digital transformation, critical for implementing its Strategy 2030—ADB’s new long-term corporate strategy.
The Digital Agenda will enable ADB’s digital transformation through the use of secure, modern information and technology systems and digital processes to enhance its effectiveness, efficiency, and resilience. It is vital for ADB to meet the high expectations of clients and stakeholders in delivering Strategy 2030 in an environment of accelerating changes in information and digital technologies.
The Digital Agenda will be implemented in stages. Stage 1 will include 16 projects at an estimated cost of $118.3 million, scheduled from 2019 to 2023. The projects will support the adoption of new technologies, improve the ability of staff to work remotely, enhance technology infrastructure and services in headquarters and field offices, including cybersecurity and technology resiliency, and develop capacity to harness emerging technologies to meet business needs.
Subsequent stages will further advance digital transformation, driving greater integration of IT systems and improvements in digital products and services.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members—48 from the region. In 2017, ADB operations totaled $32.2 billion, including $11.9 billion in cofinancing.