The objective of the facility is to co-finance long term slices of sector investment programs. It is a non-contingent facility, drawdown in tranches over the investment period and subject to specific warranties and representations especially in the area of safeguards, procurement, fiduciary oversight, and subproject eligibility criteria. The facility allows the authorities and project sponsors to sequence investment and non-investment interventions under the program, modify subproject priorities and reassign resources and time away from repetitive processing tasks towards implementation. The facility is akin to stand-by letter of credit. It finances the sector program "as you go", focusing on subprojects ready for implementation, while giving sponsors sufficient time to continue with processing tasks, link the investment to the budget cycle and raise additional co-financing from third parties.
Latest Project Documents
Consulting NoticesSee also: CMS
Procurement NoticesSee also: Operational Procurement
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.