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 Indonesia amounted to $3.17 billion for 40 investment projects and $182.1 million for 98 technical assistance projects. Cumulative DVA commercial cofinancing for Indonesia amounted to $1.17 billion for seven investment projects.
In 2013, Indonesia received $774.5 million loan cofinancing from the ASEAN Infrastructure Fund, the Canadian Climate Fund for the Private Sector in Asia under the Clean Energy Financing Partnership Facility, Clean Technology Fund, governments of France and Japan, and the World Bank; and $15 million grant cofinancing from the Clean Energy Fund under the Clean Energy Financing Partnership Facility and the Global Environment Facility.
Indonesia: Projects Cofinanced, 1 January 2009-31 December 2013
|Cofinancing||No. of Projects||Amount
|Technical Assistance Grants||39||132.59|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Indonesia, 1 January 2009-31 December 2013
|Citarum Watershed Management and Biodiversity Conservation||50.00||3.75||G|
|Coral Reef Rehabilitation and Management Program-Coral Triangle Initiative||45.52||8.00||G|
|Inclusive Growth through Improved Connectivity Program, Subprogram 2||400.00||600.00||O|
|Java-Bali 500-Kilovolt Power Transmission Crossing||224.00||25.00||O|
|Java-Bali Electricity Distribution Performance Improvement||50.00||51.00||O/G|
|Polytechnic Education Development||75.00||4.95||G|
|Regional Roads Development||180.00||65.00||O|
|Rice Fortification for the Poor||-||2.00||G|
|Sarulla Geothermal Power Development||250.00||100.00||O|
|West Kalimantan Power Grid Strengthening||49.50||51.50||O/G|
|Trade Finance Programc||505.84||752.62||C|
a Loan, grant or blend.
b C = commercial cofinancing, G = grant cofinancing, O = official 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 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.