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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.
By the end of 2012, cumulative direct value-added official cofinancing for Papua New Guinea amounted to $120.1 million for 14 investment projects, and $5.9 million for 11 technical assistance projects.
In 2012, Papua New Guinea received $5 million grant cofinancing from the Government of New Zealand and the Japan Fund for Poverty Reduction for Improved Energy Access for Rural Communities.
Projects Cofinanced, 1 January 2008 - 31 December 2012
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grants||3||1.49|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Papua New Guinea, 1 January 2008 - 31 December 2012
|Improved Energy Access for Rural Communities||-||5.00||G|
|Rural Primary Health Services Delivery||20.00||49.00||G/O|
Extending the Socioeconomic Benefits of an Improved Road Network to
|Digicel Mobile Telecommunication Expansion||25.00||152.64||C|
- = nil.
a Loan, grant or blend.
b G = grant cofinancing, O = official cofinancing, C = commercial cofinancing.