Who does ADB cofinance with?
ADB’s cofinancing partners in sovereign (public sector) operations include:
ADB works with government ministries, bilateral agencies, and other bilateral partners.
- Bilateral partners include many countries, such as Australia, France, the People's Republic of China (PRC), and the United Kingdom, among others.
- Bilateral agencies are dedicated to advancing foreign policy goals while providing concessional official development assistance (ODA) on behalf of the government. Japan is an important bilateral partner. ADB collaborates with the government of Japan through the Ministry of Finance, Ministry of Foreign Affairs, Ministry of Economy, Trade and Industry, and Ministry of Environment, and through the Japan International Cooperation Agency (JICA).
- Other bilateral partners such as domestic development banks, exim banks, and export credit agencies may provide nonconcessional cofinancing.
Multilateral agencies are institutions established or chartered by more than one country to provide financial support and professional advice for economic and social development activities in developing countries. Multilaterals such as the Asian Infrastructure Investment Bank (AIIB) are important regional partners through cofinanced projects and joint analytical work. ADB plans to work with AIIB on transport, renewable energy, urban development, and water projects.
Global funding initiatives
Global funding initiatives are managed by other multilateral agencies. As an intermediary, ADB helps developing countries in the region gain access for a range of climate change, environment, education, women entrepreneurs, and agricultural initiatives.
Private sector partners
Private sector partners are foundations, corporations, civil society organizations and other philanthropic agencies such as the Bill & Melinda Gates Foundation, Chevron Corporation, Credit Suisse, and The Rockefeller Foundation.