Catalog

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p. 17 of 24 BACK | NEXT The Asian Development Bank Mobilizing Private Capital Assistance to Private Enterprises Eligibility for ADB Assistance Advantages of Working with ADB Extent of ADB Assistance Appraisal Criteria Loan Terms Security Procurement Accounting and Auditing Arrangements Corporate Governance Environmental Considerations Role of ADB in Supervising Investments Risk Principles for Investment Funds Sale of ADB Equity Investment Commercial Cofinancing Complementary Financing Scheme Guarantees Export Credit Agency Cofinancing Applying for ADB Assistance Processing Procedures Illustrative Private Sector Projects of ADB Contact Information

ADB’s Private Sector Operations: Catalyzing Private Investments Across Asia and the Pacific

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Commercial Cofinancing

ADB may mobilize additional resources,in the form of commercial cofinancing,for the projects in which it participates.It should be noted that direct ADB participation in a project (e.g.,a loan or equity investment from ADB ’s resources)is a precondition for ADB-supported commercial cofinancing.

• ADB mobilizes commercial cofinancing by means of the following

• modalities:
• •Uncovered Parallel loans ,typically sourced from international or domestic financial institutions or bilateral agencies;
• •Complementary Financing Scheme (CFS)loans,in which ADB is the “lender of record ”on behalf of commercial cofinanciers;
• •Partial Credit Guarantees ,which provide comprehensive cover for a designated portion of the commercial debt provided by cofinanciers;
• •Political Risk Guarantees ,which cover specified sovereign risks; and
• •Export Credit Agency cofinancing.

The salient features of each of the above modalities,as applied to ADB-assisted private sector projects,are summarized below.

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