Multitranche Financing Facility Annual Report 2010
This report consolidates the annual reports on the Multitranche Financing Facility (MFF) prepared by ADB's regional departments for 2010 and provides further analysis and statistical information on ADB's MFF operations.
A multitranche financing facility (MFF) is a financing modality made available by the Asian Development Bank (ADB) to its clients to support its medium-to-long-term investment program or investment plan. The MFF was mainstreamed in ADB's financing operations in July 2008 because of significant demand from ADB's borrowing member countries. This demand remains high and stable, with approval of 12 MFFs per year during 2008-2010.
In line with reporting and monitoring requirements outlined in the mainstreaming policy paper, an annual report for all approved MFFs in each country is to be prepared and submitted to the Board. The report must provide (i) statistical information on the MFF, including progress made on each of the physical and nonphysical components; (ii) risks and issues, and actions being taken to mitigate the risks and resolve the issues; (iii) design and monitoring frameworkupdates; (iv) status of compliance with undertakings; and (v) any changes in circumstance or material facts relating to the investment program/plan. The annual report is also to reflect information regarding the administration of cofinancing by ADB.
This report consolidates the annual reports on the MFF prepared by ADB's regional departments for 2010 and provides further analysis and statistical information on ADB's MFF operations.
- Trends and Findings