Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations, to participate in the financing of 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 (TFP).
By the end of 2012, cumulative direct value-added official cofinancing for Indonesia amounted to $2.38 billion for 34 investment projects and $119.6 million for 85 technical assistance projects.
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grants||29||77.80|
a A project with more than one source of cofinancing is counted once.
|Citarum Watershed Management and Biodiversity Conservation||500.00||3.75||G|
|Java-Bali Electricity Distribution Performance Improvement||50.00||51.00||G/O|
|Regional Roads Development Project||180.00||65.00||O|
|Rice Fortification for the Poor||-||2.00||G|
|Bank Mandiri (Persero)||75.00||225.00||C|
|Trade Finance Programc||4,566.02||570.62||C|
- = nil.
a Loan, grant or blend.
b C = commercial cofinancing; G = grant cofinancing, O = official cofinancing
c The Regional Trade Finance Program (TFP) of ADB is not included in the project count. The $1 billion limit approved by the Board in 2009 is the maximum exposure 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 re-used) within a year. This explains how TFP's exposure from 2009-2012 was greater than its $1 billion limit without actually breaching the limit at any one point in time.