In the Spotlight
ADB approved a $100 million loan for a highway project in Pakistan that will mark its first cofinancing with the Asian Infrastructure Investment Bank (AIIB).
The Asian Development Bank (ADB) leveraged a record $10.74 billion in cofinancing in 2015. The cofinancing figure includes $6.17 billion to support 69 investment projects and 85 technical assistance projects.
Germany, the largest economy in Europe, has been one of the Asian Development Bank's most important development partners since it was founded in 1966.
ADB’s mandate to reduce poverty in Asia and the Pacific requires a scale of investment that can only be partially delivered through its own resources. Strategic partnerships with other development organizations facilitate a wider flow of financial resources and knowledge to help improve development effectiveness throughout the region.
ADB works jointly with international development agencies, multilateral and bilateral institutions, the private sector, and other emerging development partners to fund activities that improve people's lives in the region. More on cofinancing with ADB
ADB also helps developing member country governments and private sector borrowers in securing debt financing from commercial financial institutions for ADB projects on commercial terms. More on commercial cofinancing
$10.7billionapproved total cofinancing in 2015
$4.56billionapproved commercial cofinancing in 2015
$6.17billionfor 154 projects approved official and other concessional cofinancing in 2015