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p. 25 of 39 BACK | NEXT The Record Chairman’s Message Board of Directors' Report New and Revised Policies and Procedures Internal Initiatives Governing Structure Financing Operations Financial Resources Funding Overview of Operations Loans Equity Operations Cofinancing and Guarantee Operations Grants Technical Assistance Multitranche Financing Facilities Resource Transfers Private Sector Operations 2005 in Figures Management Board of Directors Operations in 2005 East and Central Asia Mekong The Pacific South Asia Southeast Asia

Financing Operations in 2005

Cofinancing and Guarantee Operations

ADB actively promotes cofinancing to complement its assistance to its developing member countries with funds from bilateral partners and multilateral financial institutions, export credit agencies, as well as commercial financial institutions. As of 31 December 2005, non-ADB funds generated by ADB’s cofinancing operations amounted to $7.4 billion, including $5.2 billion of commercial cofinancing from international and domestic banks and export credit agencies, $1.8 billion of official loan cofinancing, and $352.6 million of grant cofinancing from bilateral and multilateral development partners. Of this, cofinancing raised through ADB’s provision of financial administration or credit enhancement services amounted to $322.9 million, including $68.4 million in credit enhancements (guarantees) for commercial loans, $30.5 million with partial administration services for official loans, and $224.0 million with full or partial administration services for project grants.

Additionally, ADB established two new trust funds— PRC Poverty Reduction and Regional Cooperation Fund ($20 million) and Cooperation Fund for Fighting HIV/ AIDS in Asia and the Pacific ($12.8 million)—with financing commitments of $32.8 million, and replenished two funds with commitments of $57.2 million.

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