BusinessWorld May 7, 2021 | 12:05 am BW FILE PHOTO THE ASIAN Development Bankâs (ADB) board of governors agreed on Wednesday to allocate a record high of $1.13 billion in the net allocable income booked in 2020 to support the bankâs operations. The 2020 net allocable income increased by $62.5 million from the 2019 level on the back of higher profit from equity investments and sovereign lending operations, the ADB said in a statement on Wednesday. Of the total, 65% or $734.3 million was set aside for the ordinary reserve that will support the bankâs capital adequacy and provide an earnings base to generate net income. Meanwhile, around 26% or $292.4 million will go to the Asian Development Fund, a facility that provides grants to ADBâs low-income developing member countries, while 8% or $90 million will be for the Technical Assistance Special Fund. This provides a steady stream of funds for ADBâs technical assistance to countries.