Public Sector (Sovereign) Financing
In the Spotlight
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.
ADB's latest annual report shows that total operations surged to $27.17 billion in 2015 - the highest in ADB’s history.
Results based lending or RBL, which is a new performance based form of financing, changes the way ADB works with external agencies who implement its projects.
ADB and the Government of Japan have agreed to a $16 billion partnership over the next 5 years to boost private and public infrastructure throughout Asia and the Pacific.
ADB offers a range of financial products that help developing member countries (DMCs) build economic growth and social development. These tools include loans, technical assistance, and grants.
Public sector (sovereign) financing is extended to DMC governments and public sector entities, such as state-owned enterprises. Sovereign lending or financing secured by a government guarantee forms the greater part of ADB’s development assistance.
The Loan and Grant Financial Information Services (LFIS) website provides online information on loans and grants basic data, summaries, status of withdrawal applications, contract ledgers, disbursement data and reports to internal and authorized external users.
$15.99(2014) Value of sovereign approvals, in billions
$9.2(2014) Value of official cofinancing loans, grants, and technical assistance (TA) grants, in billions