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p. 18 of 95 BACK | NEXT Message from the Chairman of the Board of Directors Members, Capital Stock and Voting Power The Record Abbreviations 2004 in Review: Board of Directors' Report New and Revised Policies and Procedures Development Partnerships Governing Structures Financing Operations Funding Financial Resources Loans Technical Assistance Grants Equity Investments Cofinancing and Guarantee Operations Resource Transfers Private Sector Operations Special Theme: The Changing Face of the Microfinance Industry: Building Financial Systems for the Poor Part 1: Institutional Effectiveness Part 2: Poverty Reduction Part 3: Financial Statements: Management's Discussion and Analysis

Annual Report 2004 : 2004 in Review: Board of Directors' Report

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Resource Transfers

The net transfer of resources to ADB from its DMCs decreased to $2.1 billion in 2004, compared with $5.3 billion in 2003. There was a net inflow of $2.6 billion ($6.0 billion in 2003) to ADB from OCR borrowers/investors, mainly from prepayments of $2.8 billion in 2004 ($5.9 billion in 2003) of OCR pool-based loans. However, net transfers from ADB to ADF borrowers decreased from $640.8 million in 2003 to $468.5 million in 2004 (see tables 26 and 27 in the Statistical Annex).

Loan disbursements in 2004 totaled $3.6 billion comprising 92.9% of the target for the year. Of the total, OCR disbursements were $2.5 billion or 70% and ADF disbursements were $1.1 billion or 30% (see tables 7-8, and 14 in the Statistical Annex).

Loan service payments reached $5.6 billion in 2004, compared with $9.1 billion in 2003. The decrease was mainly because of lower prepayments ($2.8 billion in 2004). In 2004, the four largest net resource transfers from ADB were to Viet Nam, Sri Lanka, Cambodia, and Uzbekistan (see tables 26 and 27 in the Statistical Annex).

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