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, technical assistance, other concessional cofinancing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.
From 1970 to the end of 2015, cumulative direct value-added official cofinancing for Timor-Leste amounted to $126.2 million for three investment projects and $14.1 million for six technical assistance projects.
In 2015, ADB approved loan cofinancing of $50 million for Timor-Leste from the European Investment Bank for the Road Network Upgrading Sector Project.
Timor-Leste: Projects Cofinanced, 1 January 2011–31 December 2015
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grants||3||1.23|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Timor-Leste, 1 January 2011–31 December 2015
|Project||ADB Amounta ($ million)||Cofinancing Amount ($ million)||Type of Cofinancingb|
|Road Network Upgrading||40.00||118.70||O|
|Road Network Upgrading Sector||50.00||4.50||G|
a Loan, grant or blend.
b G = grant cofinancing, O = official cofinancing.