Sri Lanka: 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, other concessional financing, and commercial financing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program (TFP).
By the end of 2014, cumulative direct value-added (DVA) official cofinancing for Sri Lanka amounted to $1.04 billion for 37 investment projects, and $15.9 million for 33 technical assistance projects. Cumulative DVA commercial cofinancing for Sri Lanka amounted to $586.94 million for two investment projects.
In 2014, Sri Lanka received $226.0 million in loan cofinancing from the governments of France and the Republic of Korea, and the World Bank, and $15.4 million grant cofinancing from the Government of Germany.
Sri Lanka: Projects Cofinanced, 1 January 2010–31 December 2014
|Cofinancing||No. of Projects||Amount
|Technical Assistance Grants||6||5.05|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Sri Lanka, 1 January 2010–31 December 2014
|Type of Cofinancingb|
|Clean Energy and Network Efficiency Improvement||130.00||1.50||G|
|Conflict-Affected Region Emergency||150.00||1.50||G|
|Education Sector Development Program||200.00||100.00||O|
|Greater Colombo Water and Wastewater Management Improvement Investment Program – Tranche 2||88.00||70.00||O|
|Green Power Development and Energy Efficiency Improvement Investment Program – Tranche 1||150.00||30.00||O|
|Improving Community-Based Rural Water Supply and Sanitation in Post-Conflict Areas of Jaffna and Kilinochchi||--||2.00||G|
|Jaffna and Kilinochchi Water Supply and Sanitation||90.00||40.00||O|
|National Highways Sector||150.00||8.00||O|
|Post-Conflict Emergency Assistance for Livelihood Restoration of Resettled Internally Displaced People in the North||--||2.50||G|
|Skills Sector Enhancement Program||100.00||141.40||G/O|
|Trade Finance Programc||419.35||564.36||C|
|Hatton National Bank (Supporting Infrastructure Development)||75.00||25.00||C|
-- = nil.
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. Although greater than $1 billion in 2010–2014, the TFP exposure was not breached because TFP maturities tend to be short—less than 180 days on average—and TFP exposure can revolve (be reused) within a year. The TFP also distributes risk exposures to various partners that leverage its capital resources.