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 .
By the end of 2014, cumulative direct value-added (DVA) official cofinancing for Bangladesh amounted to $5.54 billion for 52 investment projects and $79.0 million for 94 technical assistance projects. Cumulative DVA commercial cofinancing for Bangladesh amounted to $1.07 billion for two investment projects.
In 2014, Bangladesh received $266.0 million loan cofinancing from the European Investment Bank, OPEC Fund for International Development (OFID), and Strategic Climate Fund; and $37.3 million grant cofinancing from the governments of the Netherlands and Switzerland, the Sanitation Financing Partnership Trust Fund under the Water Financing Partnership Facility, and the Strategic Climate Fund.
Bangladesh: Projects Cofinanced, 1 January 2010–31 December 2014
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grants||25||20.32|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Bangladesh, 1 January 2010–31 December 2014
|Project||ADB Amounta ($ million)||Cofinancing Amount ($ million)||Type of Cofinancingb|
|City Region Development||120.00||27.86||G|
|Coastal Climate-Resilient Infrastructure||20.00||98.80||G/O|
|Coastal Towns Environmental Infrastructure||52.00||42.00||G/O|
|Dhaka Environmentally Sustainable Water Supply||250.00||200.00||O|
|Flood and Riverbank Erosion Risk Management Investment Program – Project 1||65.00||15.30||G|
|Greater Dhaka Sustainable Urban Transport||160.00||49.60||O|
|Institutional Support for Migrant Workers' Remittance||–||2.00||G|
|Khulna Water Supply||75.00||184.00||O|
|Padma Multipurpose Bridge||615.00||1,640.00||O|
|Participatory Small-Scale Water Resources Sector (Supplementary)||–||10.00||O|
|Pilot Project on Weather Index-Based Crop Insurance||–||2.00||G|
|Power System Efficiency Improvement||300.00||200.00||O|
|Power System Expansion and Efficiency Improvement Investment Plan - Tranche 2||310.00||345.00||O|
|Power System Expansion and Efficiency Improvement Investment Program - Tranche 1||185.00||204.00||G/O|
|Public-Private Infrastructure Development Facility||1.30||2.00||G|
|Second Public-Private Infrastructure Development Facility||110.00||195.50||O|
|Secondary Education Sector Investment Program - Tranche 1||90.00||103.50||G/O|
|Skills for Employment Investment Program – Tranche 1||100.00||10.00||G|
|South Asia Subregional Economic Cooperation Railway Connectivity: Akhaura-Laksam Double Track||505.00||175.00||O|
|South Asia Subregional Economic Cooperation Road Connectivity||198.00||60.00||O|
|Sustainable Rural Infrastructure Improvement||60.00||15.90||G|
|Third Primary Education Development||320.00||735.50||G/O|
|Third Urban Governance and Infrastructure Improvement (Sector)||125.00||40.00||O|
|Urban Primary Health Care Services Delivery||50.00||20.00||O|
|Trade Finance Programc||573.96||944.23||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.