Cooperation Fund

ADB has established a trust fund to strengthen assistance to its developing member countries in fighting money laundering and the financing of terrorism.

The Cooperation Fund for Regional Trade and Financial Security Initiative has been set up through initial contributions amounting to $2.75 million, by the governments of Australia, Japan, and the United States.

The Fund will support technical assistance to enhance port security (including airports, cargo ports, and containers) and combat money laundering and terrorist financing in developing countries.

The Fund may be used for conducting feasibility studies, training, and the development of policies, legislation, systems, and procedures. Although open to all of ADB's eligible developing member countries, emphasis will be placed on those that are also APEC economies and most at risk.