Asian Development Fund
In the Spotlight
Aligning with the international agenda, over the Asian Development Fund 12 period, ADB's concessional assistance will support inclusive and sustainable development across Asia and the Pacific. From 2017 onwards, ADF will be a grant only operation.
Kabul-born documentary photographer Jawad Jalali traveled across Afghanistan to capture the country's development through his lenses.
A reformed and better resourced ADB seeks to foster inclusive and sustainable development in Asia's poorest and most vulnerable countries benefitting from the Asian Development Fund.
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 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.