Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations to participate in financing 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.
By the end of 2013, cumulative direct value-added (DVA) official cofinancing for Bangladesh amounted to $5.19 billion for 46 investment projects and $76.9 million for 97 technical assistance projects. Cumulative DVA commercial cofinancing for Bangladesh amounted to $855.12 million for two investment projects.
In 2013, Bangladesh received $840.5 million loan cofinancing from the governments of France and Japan, the European Investment Bank, Islamic Development Bank, and the World Bank; and $5.5 million grant cofinancing from the governments of Japan and the Republic of Korea.
Bangladesh: Projects Cofinanced, 1 January 2009-31 December 2013
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grants||26||18.53|
*A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Bangladesh, 1 January 2009-31 December 2013
|Project||ADB Amount* ($ million)||Cofinancing Amount ($ million)||Type of Cofinancing**|
|City Region Development||120.00||27.86||G|
|Coastal Climate-Resilient Infrastructure||20.00||98.80||O/G|
|Developing Inclusive Insurance Sector||-||2.00||G|
|Dhaka Environmentally Sustainable Water Supply||250.00||200.00||O|
|Emergency Disaster Damage Rehabilitation (Sector) (Supplementary)||-||24.00||G|
|Greater Dhaka Sustainable Urban Transport||160.00||49.60||O/G|
|Institutional Support for Migrant Workers' Remittance||-||2.00||G|
|Khulna Water Supply||75.00||184.00||O|
|Padma Multipurpose Bridge||615.00||1,640.00||O|
|Participatory Small-Scale Water Resources Sector||55.00||32.00||O|
|Pilot Project on Weather Index-Based Crop Insurance||-||2.00||G|
|Post-Literacy and Continuing Education (Supplementary) 2||-||2.50||G|
|Power System Efficiency Improvement||300.00||200.00||O|
|Power System Expansion and Efficiency Improvement Investment Program - Tranche 1||185.00||183.00||O/G|
|Power System Expansion and Efficiency Improvement Investment Plan - Tranche 2||310.00||345.00||O|
|Public-Private Infrastructure Development Facility||1.30||2.00||G|
|Second Primary Education Development Program (Supplementary)||-||30.00||G|
|Second Public-Private Infrastructure Development Facility||110.00||195.50||O|
|Secondary Education Sector Investment Program - Tranche 1||90.00||103.50||O/G|
|South Asia Subregional Economic Cooperation Road Connectivity||198.00||60.00||O|
|Sustainable Rural Infrastructure Improvement||60.00||15.90||G|
|Third Primary Education Development||320.00||735.50||O/G|
|Urban Primary Health Care Services Delivery||50.00||20.00||G|
|Trade Finance Program***||508.12||835.12||C|
-= nil / * Loan, grant or blend / ** C = commercial cofinancing, G = grant cofinancing, O = official cofinancing / *** The $1 billion limit for ADB's Regional Trade Finance Program (TFP) approved by the Board of Directors in 2009 is the maximum exposure the 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 reused) within a year. In addition, the TFP distributes risk exposures to various partners, which leverages its capital resources. This explains how the TFP's exposure from 2009-2013 was greater than its $1 billion limit without actually breaching the limit at any one point in time.