Statement of ADB Operations in 2007
Final figures are published in the 2007 ADB Annual Report.
In 2007, the Asian Development Bank (ADB) approved
- $10.2 billion in loans
- $801.0 in credit enhancements
- $79.8 million in equity investments
- $672.7 million in grant-financed projects
- $243.4 million in technical assistance operations
- $4.0 billion in multitranche financing facilities
See Table 1 and the Appendix for country details.
Loans
Sovereign lending amounted to $9.2 billion in 74 loans (61 projects and programs), comprising
- 38 loans from ADB's ordinary capital resources (OCR) for $7.4 billion
- 36 loans from the Asian Development Fund (ADF) for $1.9 billion2
These amounts include 15 OCR loans for $2.0 billion and three ADF loans for $50.0 million from multitranche financing facilities. Overall, sovereign lending increased 36% over the $6.8 billion approved in 2006 (an increase of 33% for OCR lending and increase of 49% for ADF lending).
Three nonsovereign public sector loans to state-owned enterprises for $105.0 million were approved.
Nineteen nonsovereign loans (19 projects) to the private sector for $760.3 million were also approved—79% more than the $425.0 million for seven loans (6 projects) in 2005.
Financing from external sources totaled $120.5 million in six partially administered loans. In addition, $2.1 billion in parallel loans (11 ADB-financed projects and programs), not administered by ADB, was provided by multilateral and bilateral institutions and international and local commercial banks.
Of the 823 projects and programs approved in 2007,
- 62 (76%) were general interventions
- 20 (24%) were targeted interventions.
Sustainable economic growth was the most prevalent theme and was associated with 71 projects. Transport and communications, among the sectors, received the largest share of lending (39%). See Figures 1 and 2 for details.
 |
| Note: Each project can have up to three themes. |
 |
'- = no data available.
Note: Totals may not add up because of rounding. |
The 71 projects approved in 2007 will result in total investments of about $17.3 billion:
- $7.8 billion (45%) will be financed by ADB
- $4.2 billion (24%) by governments and borrowers
- $5.2 billion (30%) by cofinanciers, equity sponsors, and local financial institutions
- $111.2 million (1%) by project beneficiaries.
Five projects, amounting to $503.2 million, will be financed under sector lending, compared with four projects amounting to $314.2 million in 2006.
The 11 policy-based programs4 approved in 2007 were valued at $2.5 billion, compared with 15 programs for $3.2 billion in 2006. Three program loans approved in 2007 were coupled with an investment project loan or a technical assistance (TA) loan.
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Credit Enhancements
In 2007, credit enhancements included $376 million in partial credit guarantees for four projects and $425 million in B-loans for two projects.
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Equity Operations
Five equity investments for $79.8 million were approved in 2007, compared with fourteen for $255.5 million in 2006.
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Grant-Financed Projects
ADB approved 39 grant projects for $672.7 million in 2007. Of this amount,
- $519.3 million was funded from the Asian Development Fund IX
- $30.0 million from Pakistan Earthquake Fund
- $123.4 million from external sources with full or partial administration by ADB, comprising
- $22.0 million from the Japan Fund for Poverty Reduction (JFPR)
- $101.4 million from other bilateral and multilateral sources (Australia, Canada, Finland, France, Norway, European Commission, Global Environment Facility, HIV/AIDS Cooperation Fund)
Of the 39 grant projects, sustainable economic growth was the most prevalent theme and was associated with 25 projects. Transport and communications received the largest share among the sectors (48%). See Figures 3 and 4 for details.
In addition, $126.0 million in parallel grants, not administered by ADB, were provided from multilateral and bilateral institutions for a project in Viet Nam.
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Technical Assistance Operations
A total of 242 technical assistance (TA) projects for $243.4 million, including 197 new projects and 45 supplementary projects were approved in 2007. This amount is 0.9% more than the 259 projects for $241.2 million approved in 2006. Of the 242 TA projects, 66 were for project preparation, 94 were advisory, and 82 were for regional assistance.
Of the total amount approved, $101.3 million will be financed from the Technical Assistance Special Fund, $43.1 million from the Japan Special Fund, $2.0 million from the Pakistan Earthquake Fund, $7.4 million from the Regional Cooperation and Integration Fund, and the remaining $89.7 million from other multilateral and bilateral sources (see Figure 5). Sector distribution of TAs is shown in Figure 6.
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Multitranche Financing Facility
Seven multitranche financing facilities totaling $4.0 billion were approved in 2007, compared with eight for $3.8 billion in 2006.
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Table 1: Approvals 2005–2007
| Table 1: Approvals, 2005–2007 ($ million) |
Item |
2005 |
2006 |
2007 |
| A. Loans |
5,783.1 |
7,954.5 |
10,226.1 |
| |
1. ADF Sovereign |
1,362.4 |
1,272.4 |
1,892.8 |
| |
MFF subprojects |
0.0 |
30.0 |
50.0 |
| |
2. OCR Sovereign |
3885.2 |
5,541.9 |
7,347.5 |
| |
MFF subprojects |
0.0 |
930.8 |
1,995.0 |
| |
3. OCR Nonsovereign |
513.0 |
575.0 |
865.3 |
| |
Public Sectora |
0.0 |
150.0 |
105.0 |
| |
Private Sector |
513.0 |
425.0 |
760.3 |
| |
4. External Sourcesb |
22.5 |
565.2 |
120.5 |
| |
|
|
|
|
| B. Credit Enhancements |
68.4 |
654.8 |
801.0 |
| |
1. Guarantees |
68.4 |
124.8 |
376.0 |
| |
2. Syndications |
0.0 |
530.0 |
425.0 |
| |
|
|
|
|
| C. Equity |
196.5 |
255.5 |
79.8 |
| |
|
|
|
|
| D. Grants |
1,152.4 |
534.4 |
672.7 |
| |
1. Asian Development Fund IX |
246.6 |
271.9 |
519.3 |
| |
2. Asian Tsunami Fund/ Pakistan Earthquake Fund |
650.0 |
28.5 |
30.0 |
| |
3. External Sourcesb |
255.8 |
234.0 |
123.4 |
| |
|
|
|
|
| E. Technical Assistance |
197.4 |
241.2 |
243.4 |
| |
1. TA Special Fund |
89.3 |
91.8 |
101.3 |
| |
2. Japan Special Fund |
27.2 |
56.6 |
43.1 |
| |
3. Asian Tsunami Fund |
2.0 |
0.0 |
0.0 |
| |
4. Pakistan Earthquake Fund |
0.0 |
0.0 |
2.0 |
| |
5. Regional Cooperation and Integration Fund |
0.0 |
0.0 |
7.4 |
| |
6. External Sourcesb |
78.9 |
92.7 |
89.7 |
| |
|
|
|
|
| F. Multitranche Financing Facilitiesc |
1,520.0 |
3,810.0 |
4,023.7 |
ADF = Asian Development Fund, MFF = multitranche financing facility, OCR = ordinary capital resources.
a Includes lending to state-owned enterprises (SOEs).
b Loans, grants, or TAs fully or partially administered by ADB, or cofinanced under cooperation or sector-side approach program (SWAp) arrangements.
c Multitranche financing facilities are facilities that will give rise to loans. Loans arising from the facilities are included under loans when approved by ADB.
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Appendix 1
| Table 1: ASSISTANCE BY COUNTRY, 2007 ($ million) |
| |
Loans |
Credit Enhancements |
Equity |
Grant-Financed Projectsa |
TAa |
Multitranche
Financing Facility |
| |
ADB |
External Sources |
|
|
|
|
|
| Central and West Asia |
| Afghanistan |
|
|
|
|
188.80 |
4.50 |
|
| Armenia |
66.60 |
|
|
|
|
0.90 |
|
| Azerbaijan |
256.00 |
|
|
|
|
|
500.00 |
| Georgia |
25.00 |
|
|
|
|
0.12 |
|
| Kazakhstan |
100.00 |
|
225.00 |
|
|
0.66 |
|
| Kyrgyz Republic |
15.00 |
|
|
|
53.60 |
1.70 |
|
| Pakistan |
2,019.80 |
|
44.00 |
22.75 |
32.00 |
20.23 |
900.00 |
| Tajikistan |
71.70 |
3.50 |
|
|
22.80 |
3.26 |
|
| Turkmenistan |
|
|
|
|
|
0.15 |
|
| Uzbekistan |
126.00 |
|
|
|
|
1.40 |
|
| |
| South Asia |
| Bangladesh |
965.70 |
|
|
|
|
7.69 |
|
| Bhutan |
|
|
|
|
21.69 |
2.68 |
|
| India |
1,386.39 |
|
225.00 |
|
|
10.80 |
1,693.00 |
| Maldives |
9.83 |
|
|
|
|
|
|
| Nepal |
|
10.00 |
|
|
111.00 |
7.22 |
|
| Sri Lanka |
442.50 |
|
|
|
32.50 |
0.60 |
|
| |
| East Asia |
| China, People's Rep. of |
1,306.70 |
|
307.00 |
57.00 |
|
20.48 |
|
| Mongolia |
10.00 |
|
|
|
19.50 |
2.55 |
|
| |
| Pacific |
| Cook Islands |
|
|
|
|
|
0.70 |
|
| Fiji Islands |
|
|
|
|
|
0.25 |
|
| Kiribati |
|
|
|
|
|
|
|
| Marshall Islands |
|
|
|
|
|
|
|
| Micronesia, Fed. States of |
|
|
|
|
|
0.40 |
|
| Palau |
|
|
|
|
|
1.70 |
|
| Papua New Guinea |
100.00 |
6.00 |
|
|
2.25 |
1.87 |
|
| Samoa |
26.61 |
38.00 |
|
|
29.29 |
2.46 |
|
| Solomon Islands |
|
|
|
|
8.95 |
2.80 |
|
| Timor-Leste |
|
|
|
|
6.00 |
15.00 |
|
| Tonga |
|
|
|
|
|
|
|
| Tuvalu |
|
|
|
|
|
|
|
| Vanuatu |
|
|
|
|
|
0.60 |
|
| |
| Southeast Asia |
| Brunei |
|
|
|
|
|
|
|
| Cambodia |
35.10 |
|
|
|
46.50 |
2.98 |
|
| Indonesia |
1,045.00 |
|
|
|
|
6.16 |
|
| Lao PDR |
|
11.00 |
|
|
60.03 |
4.14 |
|
| Malaysia |
10.00 |
|
|
|
|
|
|
| Philippines |
583.80 |
|
|
|
9.00 |
2.65 |
|
| Thailand |
|
|
|
|
|
1.00 |
|
| Viet Nam |
1,483.86 |
52.00 |
|
|
28.80 |
13.13 |
930.71 |
| |
| Regional |
20.00 |
|
|
|
|
102.65 |
|
| |
| TOTAL |
10,105.60 |
120.50 |
801.00 |
79.75 |
672.71 |
243.44 |
4,023.71 |
a Including external sources.
__________________________________
2 Total ADF operations-loans and grants-amounted to $2.4 billion
3 Projects with multiple loans are counted once. The 82 projects and programs consist of 61 sovereign, 2 nonsovereign public, 18 nonsovereign private, and 1 combined nonsovereign public and private.
4 Policy-based programs include program loans and policy loan components of sector development program facilities.
Publications 