Bhutan: Cofinancing

Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations, to participate in financing ADB projects. The additional funds are provided in the form of official loans and grants, technical assistance, other concessional cofinancing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.

From 1970 to the end of 2015, cumulative direct value-added (DVA) official cofinancing for Bhutan amounted to $71.5 million for 9 investment projects and $20.6 million for 18 technical assistance projects. Cumulative DVA commercial cofinancing for Bhutan amounted to $3 million for one investment project.

In 2015, Bhutan received $58.8 million loan cofinancing from the Indian Commercial Bank for the Second Green Power Development.

Bhutan: Projects Cofinanced, 1 January 2011–31 December 2015

Cofinancing No. of Projects Amount ($ million)
Projectsa 3 63.82
 Grants 1 1.95
 Official loans 1 58.82
 Commercial cofinancing 1 3.05
Technical Assistance Grants 10 15.10

a A project with more than one source of cofinancing is counted once.

Investment Projects Cofinanced for Bhutan, 1 January 2011–31 December 2015

Project ADB Amounta ($ million) Cofinancing Amount ($ million) Type of Cofinancingb
Advancing Economic Opportunities of Women and Girls - 1.95 G
Second Green Power Development 120.50 58.82 O
Trade Finance Program 2.11 3.05 C

- = nil
a Loan, grant or blend
b C = commercial cofinancing, G = grant cofinancing, O = official cofinancing