Cofinancing

Cofinancing operations enable ADB's financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations, to participate in the financing of ADB projects. The additional funds are provided in the form of official loans and grants, and commercial financing, such as B loans, risk transfer arrangements, parallel loans, and cofinancing for transactions under ADB's Trade Finance Program (TFP).

By the end of 2012, cumulative direct value-added official cofinancing for Bangladesh amounted to $4.37 billion for 42 investment projects and $72.3 million for 90 technical assistance projects.

In 2012, Bangladesh received $360 million loan cofinancing from the Government of France, the European Investment Bank, Islamic Development Bank, Abu Dhabi Fund for Development, the Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development, the International Fund for Agricultural Development, and the Strategic Climate Fund; and $64.4million grant cofinancing from the Governments of Sweden and Germany, the European Investment Bank, the International Fund for Agricultural Development, the Climate Investment Fund, and the Global Environment Facility.

Projects Cofinanced, 1 January 2008 - 31 December 2012

Cofinancing No. of
Projects
Amount
($ million)
Projectsa 19 3,407.66
Grants 14 611.66
Official loans 10 2,796.00
Technical Assistance Grants 19 13.90

a A project with more than one source of cofinancing is counted once.

Investment Projects Cofinanced for Bangladesh, 1 January 2008 - 31 December 2012

Project ADB Amounta
($ million)
Cofinancing  Amount
($ million)
Type of Cofinancingb
Power System Expansion and Efficiency Improvement Investment Program - Tranche 1 185.00 183.00 G/O
South Asia Subregional Economic Cooperation Road Connectivity 198.00 60.00 O
City Region Development - Additional Financing -   13.00 G
Coastal Climate-Resilient Infrastructure 20.00 98.80 G/O
Urban Primary Health Care Services Delivery 50.00 20.00 G
Greater Dhaka Sustainable Urban Transport 160.00 49.60 G/O
Power System Efficiency Improvement 300.00 200.00 O
Third Primary Education Development 320.00 735.50 G/O
Khulna Water Supply 75.00 184.00 O
Public-Private Infrastructure Development Facility 1.30 2.00 G
Institutional Support for Migrant Workers' Remittance   -    2.00 G
Padma Multipurpose Bridge 615.00 1,640.00 O
Sustainable Rural Infrastructure Improvement 60.00 15.90 G
City Region Development 120.00 14.86 G
Participatory Small-Scale Water Resources Sector (Supplementary) -   10.00 O
Participatory Small-Scale Water Resources Sector 55.00 22.00 O
Post-Literacy and Continuing Education (Supplementary) 2 - 2.50 G
Emergency Disaster Damage Rehabilitation (Sector) (Supplementary) - 24.00 G
Second Primary Education Development Program (Supplementary) -   30.00 G
Developing Inclusive Insurance Sector -   2.00 G
Skills Development 50.00 6.00 G
Post-Literacy and Continuing Education (Supplementary) - 2.50 G
Emergency Disaster Damage Rehabilitation (Sector) 120.00 90.00 G/O
Trade Finance Programc 4,566.02 638.31 C

- = nil.
a Loan, grant or blend.
b G = grant cofinancing, O = official cofinancing, C = commercial cofinancing.
c The $1 billion limit for ADB's Regional Trade Finance Program (TFP) approved by the Board of Directors in 2009 is the maximum exposure TFP can assume at any one point in time. This limit has never been breached. Because maturities under TFP transactions tend to be short - on average less than 180 days - TFP exposure can revolve (be re-used) within a year. This explains how TFP's exposure from 2009-2012 was greater than its $1 billion limit without actually breaching the limit at any one point in time.