Asian Development Fund
In the Spotlight
ADB's Board of Governors has approved a groundbreaking initiative to combine the lending operations of the bank’s Asian Development Fund (ADF) with its ordinary capital resources (OCR) balance sheet.
The pioneering rail project in Afghanistan provides a cross-border trade link crucial to the country’s post-conflict economy.
ADB has helped improve power supply in Samoa, improving the quality of life in the islands.
An ADB-supported program is helping Mongolia identify and assist the poorest people in the country.
An ADB-supported project in the Lao People's Democratic Republic is bringing clean water and modern toilets to rural communities.
The Asian Development Fund (ADF) bridges the development gap in Asia and the Pacific, home to both the world’s fast-rising and most vulnerable economies. ADF is a major instrument of concessional financing that has supported equitable and sustainable development in the region since 1973. Funded by ADB's member countries, it offers loans at very low interest rates as well as grants to help reduce poverty in ADB's poorest member countries.
These countries have the greatest development challenges and are eligible to receive very low interest loans and grants. ADB currently has 29 ADF countries, including 17 countries which have access to only ADF funding from ADB.