This report provides data on default and loss rates in the sovereign lending of the Asian Development Bank (ADB) from 1990 to 2023. Its analysis finds zero loss of principal, interest on principal, or fees on the more than $250 billion of loans disbursed during this 34-year period. The average default rate was 0.54% for ADB’s ordinary capital resources (OCR) portfolio, and during 2010–2021 the bank experienced no new defaults in its sovereign operations.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty. ADB assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. The bank maximizes the development impact of its assistance by facilitating policy dialogue, providing advisory services, and mobilizing financial resources through cofinancing with public and private partners.
