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 Indonesia amounted to $2.38 billion for 34 investment projects and $119.6 million for 85 technical assistance projects.

Projects Cofinanced, 1 January 2008 - 31 December 2012

Cofinancing No. of Projects Amount ($ million)
Projectsa 4 121.75
Grants 3 6.75
Official loans 2 115.00
Technical Assistance Grants 29 77.80

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

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

Project ADB Amounta
($ million)
Cofinancing
Amount
($ million)
Type of
Cofinancingb
Citarum Watershed Management and Biodiversity Conservation 500.00 3.75 G
Java-Bali Electricity Distribution Performance Improvement 50.00 51.00 G/O
Regional Roads Development Project 180.00 65.00 O
Rice Fortification for the Poor - 2.00 G
Bank Mandiri (Persero) 75.00 225.00 C
Indonesia Eximbank 100.00 100.00 C
Trade Finance Programc 4,566.02 570.62 C

- = nil.
a Loan, grant or blend.
b C = commercial cofinancing; G = grant cofinancing, O = official cofinancing
c The Regional Trade Finance Program (TFP) of ADB is not included in the project count. The $1 billion limit approved by the Board 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.