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, technical assistance, other concessional cofinancing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.
From 1970 to the end of 2015, cumulative direct value-added official cofinancing for Vanuatu amounted to $55.9 million for four investment projects and $3.5 million for six technical assistance projects.
In 2015, Vanuatu received grant cofinancing of $12.3 million from the Government of New Zealand, the Japan Fund for Poverty Reduction, and the Global Environment Facility–Least Developed Countries Fund.
Vanuatu: Projects Cofinanced, 1 January 2011–31 December 2015
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grants||2||1.86|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Vanuatu, 1 January 2011–31 December 2015
|Project||ADB Amounta ($ million)||Cofinancing Amount ($ million)||Type of Cofinancingb|
|Cyclone Pam Road Reconstruction Project||12.61||2.68||G|
|Cyclone Pam School Reconstruction||--||5.00||G|
|Interisland Shipping Support||29.30||17.25||G|
|Port Vila Urban Development||5.00||31.00||G|
-- = nil.
a Loan, grant or blend.
b G = grant cofinancing.