ADB offers a range of financial products that help developing member countries (DMCs) build economic growth and social development. These tools include loans, technical assistance, and grants.
Public sector (sovereign) financing is extended to DMC governments and public sector entities, such as state-owned enterprises. Sovereign lending or financing secured by a government guarantee forms the greater part of ADB’s development assistance.
Operations are financed from ordinary capital resources (OCR) and a range of special funds, including the Asian Development Fund, which is the largest. In addition, ADB also mobilizes financial resources through cofinancing.
Sovereign operations in 2014, including official and technical assistance cofinancing, totaled $15.99 billion.
Thanks to robust partnerships with its development partners, ADB achieved $22.9 billion in operations in 2014 by leveraging $9.2 billion in cofinancing—a record high for ADB—with $13.7 billion of its own resources.
Of the total cofinancing, $4.4 billion was obtained through partnerships with official and other concessional financing sources, including bilateral and multilateral organizations, other public agencies, foundations, and corporate social responsibility programs. Financing support from these development partners increased by 15% in the face of global fiscal constraints, from $3.8 billion in 2013.