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 financing, 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 and Supply Chain Finance Program.
ADB began cofinancing operations in Fiji in 1993. Since then, cumulative direct value-added official cofinancing commitments for Fiji have amounted to $194.14 million for five investment projects and $0.75 million for three technical assistance projects.
In 2018, Fiji received $15 million in loan cofinancing from the World Bank for the Sustained Private Sector-Led Growth Reform Program—Subprogram 1.