Catalog

Sovereign lending amounted to $6.82 billion in 71 loans (59 projects and programs), comprising

• 26 loans from ADB’s ordinary capital resources (OCR) for $5.54 billion
• 45 loans from the Asian Development Fund (ADF) for $1.28 billion²

These amounts include six OCR loans for $930.8 million and three ADF loans for $30.0 million from MFFs. Overall, sovereign lending increased by 30% over the $5.25 billion approved in 2005 (an increase of 43% for OCR lending and decrease of 6% for ADF lending).

Two nonsovereign public sector loans to SOEs for $150.0 million were approved.

Seven nonsovereign loans (six projects) to the private sector for $425.0 million were also approved—17% less than the $513.0 million that went to six loans (six projects) in 2005.

Financing from external sources totaled $569.2 million (11 projects and programs). This amount comprised

• $87.5 million in seven partially administered loans
• $481.7 million in four loans under cooperation arrangements

In addition, $4.5 billion in parallel cofinancing (20 ADB-financed projects and programs) was provided from multilateral and bilateral institutions and international and local commercial banks without ADB administration.

Of the 67 projects and programs approved in 2006,

• 18 (27%) were targeted interventions
• 49 (73%) were general interventions

Sustainable economic growth was the most prevalent theme and was associated with 57 projects. Finance, among the sectors, received the largest share of lending (24%). See Figures 1 and 2 for details.

The 52 projects approved in 2006 will result in total investments of about $13.79 billion:

• $4.35 billion (32%) will be financed by ADB
• $3.67 billion (27%) by governments and borrowers
• $5.75 billion (42%) by cofinanciers, equity sponsors, and local financial institutions
• $22.3 million (0.2%) by project beneficiaries

Four projects, amounting to $314.2 million, will be financed under sector lending, compared with eight projects amounting to $1.05 billion in 2005.

The 15 policy-based programs³ approved in 2006 were valued at $3.15 billion, compared with 10 programs for $1.14 billion in 2005. Four program loans approved in 2006 were coupled with an investment project loan or a technical assistance (TA) loan.

In 2006, three guarantees valued at $124.8 million were approved: two partial credit guarantees for $109.8 million and one political risk guarantee for $15.0 million.

There were five syndication operations amounting to $530 million. Four of these were B-loans (formerly complementary financing scheme) for $455 million, and one was a reinsurance operation for $75 million.

Fourteen equity investments for $260.5 million were approved in 2006, compared with nine for $211.5 million in 2005.

ADB approved 43 grant projects for $538.4 million in 2006. Of this amount,

• $67.9 million from the Japan Fund for Poverty Reduction (JFPR)
• $0.97 million from the Japan Fund for Information and Communication Technology
• $166.1 million from other bilateral and multilateral sources (Australia, Canada, Finland, Republic of Korea, the Netherlands, New Zealand, Norway, Sweden, Switzerland, and United Kingdom)

Of the 43 grant projects, sustainable economic growth was the most prevalent theme and was associated with 25 projects. Agriculture and natural resources received the largest share among the sectors (25%). See Figures 3 and 4 for details.