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 official cofinancing for the Cook Islands amounted to $7.3 million for one investment project, and $1.0 million for three technical assistance projects.
In 2014, the Cook Islands received $7.3 million grant cofinancing from the European Commission for the Renewable Energy Sector.
Cook Islands: Projects Cofinanced, 1 January 2010-31 December 2014
|Cofinancing||No. of Projects||Amount
|Technical Assistance Grants||2||0.80|
a A project with more than one source of cofinancing is counted once
Investment Projects Cofinanced for Cook Islands, 1 January 2010 - 31 December 2014
|Project||ADB Amounta ($ million)||Cofinancing Amount ($ million)||Type of Cofinancingb|
|Renewable Energy Sector||11.19||7.26||G|
- = nil
a Loan, grant or blend
b G = grant cofinancing