Asian Development Bank: Finance

Foreign, Commonwealth and Development Office written question – answered at on 14 February 2025.

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Photo of James McMurdock James McMurdock Reform UK, South Basildon and East Thurrock

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether his Department has plans to increase funding to the Asian Development Bank.

Photo of Anneliese Dodds Anneliese Dodds Minister of State (Foreign, Commonwealth and Development Office), Minister of State (Minister for Women and Equalities) , Minister of State (Development)

The UK has committed £120 million to the Asian Development Bank's Asian Development Fund thirteenth replenishment (ADF-14) over the four years 2025 to 2028. We have no plans to increase this commitment or to provide additional core funding to the Bank over this period. We are working through a Multi-Period Spending Review where all trade-offs in spend will be considered and subject to final Foreign Secretary approval.

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