Bangladesh: Cofinancing

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)
Projects* 19 4,990.28
 Grants 15 598.66
 Official loans 13 3,556.50
 Commercial cofinancing 1 835.12
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.