Indonesia and the Asian Development Bank (ADB) have a long history of partnership, dating back to 1966 when Indonesia became a founding member of the bank. Over the past 50 years, both Indonesia and ADB have undergone significant changes. Indonesia has experienced rapid growth in the late 1990s, followed by a period of adjustment after the Asian financial crisis of 1997-1998. In recent years, the country has resumed growth. ADB, on the other hand, has transformed from a project-oriented bank to a broad-based development institution. This effective partnership reflects Indonesia's success in working with the international community.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while continuing its efforts to eradicate extreme poverty. It is owned by members from the region and provides policy dialogue, loans, equity investments, guarantees, grants, and technical assistance to its developing member countries. The book "Fifty Years of Partnership" provides a comprehensive history of the partnership between Indonesia and ADB.
