Indonesia: 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 TFP.

From 1970 to the end of 2015, cumulative direct value-added (DVA) official cofinancing for Indonesia amounted to $5 billion for 45 investment projects and $189.9 million for 95 technical assistance projects. Cumulative DVA commercial cofinancing for Indonesia amounted to $2 billion for eight investment projects.

In 2015, Indonesia received $950 million loan cofinancing from Agence Française de Développement, the ASEAN Infrastructure Fund, KfW, and the World Bank for the Sustainable and Inclusive Energy Program (Subprogram 1); $525 million loan cofinancing from the AIF and the World Bank for the Electricity Grid Strengthening – Sumatra Program; and $57 million loan cofinancing from KfW for additional cofinancing of the the Java–Bali 500-kilovolt Power Transmission Crossing.

Indonesia: Projects Cofinanced, 1 January 2011-31 December 2015

Cofinancing No. of Projects Amount ($ million)
Projectsa 16 3,978.58
 Grants 4 63.78
 Official loans 10 2,661.50
 Commercial cofinancing 4 1,253.30
Technical Assistance Grants 33 84.61

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

Investment Projects Cofinanced for Indonesia, 1 January 2011-31 December 2015

Project ADB Amounta ($ million) Cofinancing Amount ($ million) Type of Cofinancingb
Coral Reef Rehabilitation and Management Program – Coral Triangle Initiative 45.52 8.00 G
Electricity Grid Strengthening – Sumatra Program 575.00 525.00 O
Inclusive Growth through Improved Connectivity Program, Subprogram 2 400.00 600.00 G/O
Indonesia Eximbank 100.00 100.00 C
Java–Bali 500-Kilovolt Power Transmission Crossing 224.00 82.00 O
Metropolitan Sanitation Management Investment 80.00 88.83 G/O
Microfinance Risk Participation Program 240.00 2.08 C
Polytechnic Education Development 75.00 4.95 G
Rantau Dedap Geothermal Development (Phase 1) - 50.00 O
Regional Roads Development 180.00 65.00 O
Sarulla Geothermal Power Development 250.00 920.10 C/O
Stepping Up Investments for Growth Acceleration Program – Subprogram 1 400.00 200.00 O
Sustainable and Inclusive Energy Program – Subprogram 1 400.00 950.00 O
Trade Finance Program 275.02 331.12 C
West Kalimantan Power Grid Strengthening 49.50 51.50 G/O

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