Loan Disbursement Handbook

Date: July 2012
Type: Guides
ADB funds and products; ADB administration and governance
ISBN: 978-92-9092-724-2 (print), 978-92-9092-725-9 (web)


The Loan Disbursement Handbook is a compilation of Asian Development Bank (ADB) disbursement policies, guidelines, procedures, and practices. The handbook will serve as a useful reference guide for developing member country borrowers and officials, project staff from executing agencies and project management units, as well as ADB staff in designing and operating an efficient disbursement operation that will support project implementation.

The four pillars of an efficient disbursement operation are:

  • funds flow structure
  • disbursement arrangement
  • staff capacity and systems, and
  • internal controls

A good understanding of ADB’s disbursement policies, guidelines, procedures, and practices is instrumental for building these pillars.

The handbook applies to loan and grant investment projects funded by ADB, and provides a separate chapter for disbursement of policy-based loans and grants funded by ADB.


  • Foreword
  • The Handbook
  • The Asian Development Bank
  • Disbursement Policies
  • Disbursement Guidelines and Practices
  • Instructions for Disbursement
  • Disbursement Procedures
  • Direct Payment Procedure
  • Commitment Procedure
  • Reimbursement Procedure
  • Imprest Fund Procedure
  • Financial Intermediation Loans and Policy-Based Loans
  • Cofinancing Operations
  • Private Sector (Non-Sovereign) Operations
  • Loan and Grant Financial Information Services
  • Appendixes

eLearning Course on Disbursement

Efficient disbursement is one of the most important elements for successful project implementation. An online training course has been developed to help users gain a clearer understanding of ADB's disbursement policies and procedures.

Acccess the online course.