Funds and Resources
In the Spotlight
Strong partnerships create better development outcomes. Fourteen stories from across Asia and the Pacific demonstrate how the hard work of ADB’s developing member countries in partnership with ADB project teams and other partners continues to change people’s lives.
The Japan International Cooperation Agency (JICA) and the ADB have agreed to a new fund, the Leading Asia's Private Infrastructure (LEAP). Capitalized by $1.5 billion in equity from JICA, this fund will support private infrastructure investments across Asia and the Pacific.
ADB has backed the issuance of the first climate bond in Asia and the Pacific. The PHP10.7 billion ($225 million equivalent) local currency bond is for the Tiwi-MakBan geothermal energy facilities in the Philippines.
Most of ADB's lending comes from its ordinary capital resources, offered at near-market terms to lower- to middle-income countries. ADB also provides loans and grants from Special Funds, of which the Asian Development Fund is the largest. The Asian Development Fund offers loans at very low interest rates and grants that help reduce poverty in ADB's poorest borrowing countries.
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.