ADF VII: Report of the Donors

Institutional Document | January 1997

The Asian Development Fund (ADF) is the concessional lending window of the Asian Development Bank. As such, It is the only multilateral source of concessional assistance dedicated exclusively to the needs of the Asian and Pacific Region. Activities supported by the ADF promote sustainable economic development in the low-income countries in the Region, and benefit in particular the poor and other disadvantaged segments of society, including women. Contributions to the ADF are made by the governments of 24 donor countries of the Bank, both regional and nonregional. The ADF therefore signifies interregional as well as intraregional cooperation for promoting equitable and sustainable development in the poorest countries of Asia and the Pacific.

As ADF commitment authority was nearing exhaustion, donors have agreed to the sixth replenishment (i.e., ADF VII) to finance the Bank's concessional operations during the four-year period 1997-2000. This report presents detailed views of the donors concerning the need for concessional assistance in Asia and the Pacific, the objectives of ADB's concessional operations during the ADF VII period (1997-2000), the long-term vision for ADF operations, and financial management and burden-sharing. The Report also identifies issues that were discussed during the negotiations and need further examination, such as the terms of ADF loans, a formal graduation policy in the Bank, and the criteria for ADF access and allocation.

Contents 

  • Introduction
  • Demand for ADF VII
  • Long-term Vision and Strategy for ADF
  • Supply of ADF Resources
  • Conclusion
  • Appendix