Sri Lanka, Nov. 3 -- The Asian Development Bank (ADB) has approved its first Strategic Business Outlook, projecting $104.5 billion in financing commitments from 2027 to 2029 and setting out reforms to improve how it prepares and delivers projects across Asia and the Pacific.

"Building on our previous planning approach, this new outlook brings strategy, operations, workforce, and financial planning together in a single framework to help ADB respond with greater agility and flexibility to our members' evolving needs," said ADB President Masato Kanda.

"Delivering this programme requires a strong focus on the quality of our operations and greater efficiency in how we deliver."

The new outlook helps the bank respond to growing demand amid e...