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Water Financing Partnership Facility
Investing in the Facility
Water Financing Partnership Facility
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In 29 November 2006, ADB approved the establishment of the Water Financing Partnership Facility (WFPF) to mobilize cofinancing and investments from development partners. Find out what development agencies can expect to gain by contributing to the Facility and joining the implementation of ADB’s Water Financing Program 2006-2010. |
MORE ABOUT THE WFPF
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Investing in the Facility will give partners the following important benefits:
ADB will accept, on an untied grant basis, contributions to the WFPF trust fund component from bilateral, multilateral, and individual sources, including companies and foundations.
To ensure cost-effective processing and reporting, the minimum contribution to WFPF will be
Contributions from WFPF partners will be effected through standardized forms and agreements. They shall be made in the form of cash in a freely convertible currency or through the redirection of available funds under existing trust funds in ADB.
Contributions will be deposited into a United States dollar interest-bearing account to be specified by ADB (the WFPF account). For contributions received in currencies other than US dollars, ADB will, upon receipt of the funds, convert them into US dollars and transfer them to the WFPF account.
ADB will make withdrawals from the WFPF account as necessary to meet the expenditures of projects and activities supported by the available funds. If other currencies are required for payment to meet eligible expenditures, ADB may purchase the required currencies with the available funds. Any fees and charges relating to such purchase will be paid out of the WFPF account.WooChong Um
Director, Energy, Transport and Water Division (RSID)
E-mail: wcum@adb.org
Karen Decker
Senior Financing Partnerships Specialist
E-mail: kdecker@adb.org