Cofinancing operations enable ADB’s financing partners, governments and 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, and commercial financing such as B loans, risk transfer arrangements, parallel loans, and cofinancing for transactions under ADB’s Trade Finance Program.

By the end of 2013, cumulative direct value-added (DVA) official cofinancing for Georgia amounted to $170 million for one investment project and $2.3 million for three technical assistance projects. Cumulative DVA commercial cofinancing for Georgia amounted to $20.44 million for one investment project.

Georgia: Projects Cofinanced, 1 January 2009-31 December 2013

Cofinancing No. of Projects Amount
($ million)
Projectsa 2 190.44
 Official loans 1 170.00
 Commercial cofinancing 1 20.44
Technical Assistance Grants 3 2.25

a A project with more than one source of cofinancing is counted once.

Investment Projects Cofinanced for Georgia, 1 January 2009-31 December 2013

Project ADB
($ million)
($ million)
Type of
Road Corridor Investment Program, Tranche 1 118.80 170.00 O
Trade Finance Programc 36.66 20.44 C

a Loan, grant or blend.
b C = commercial 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. Because maturities under TFP transactions tend to be short - on average less than 180 days - TFP exposure can revolve (be reused) within a year. In addition, the TFP distributes risk exposures to various partners, which leverages its capital resources. This explains how the TFP's exposure from 2009-2013 was greater than its $1 billion limit without actually breaching the limit at any one point in time.

This page was generated from on 29 January 2015