My government is interested in cofinancing with ADB, what’s the process?
ADB’s Office of Cofinancing Operations (OCO) is the focal point for partnerships with official and other concessional sources. OCO mobilizes and facilitates cofinancing in the forms of concessional loans and grants for investment projects and technical assistance (TA).
ADB invites potential cofinanciers to participate in project processing missions in order to incorporate their inputs at an early stage of the project cycle.
The borrower requests cofinancing for an ADB-assisted project.
ADB determines the scope, the possible sources, and the mode of cofinancing. Depending on the procurement policies and the project requirements, cofinancing can be arranged on either a parallel financing or a joint financing basis.
ADB coordinates official assistance with its development partners, with a view to enhancing its development impact by avoiding duplication and ensuring consistent policies.
ADB usually requires the cofinancier's commitment during or immediately after fact-finding for a TA operation and well before loan negotiations when considering the provision of a loan.
Depending on the extent of ADB's role in administering the funds provided by official sources on a joint or parallel basis, ADB may enter into a separate agreement with the cofinancier specifying the responsibilities of ADB and the cofinancier.
To find suitable projects for cofinancing, cofinanciers may refer to