Federated States of Micronesia: Cofinancing
Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations to participate in financing ADB projects. 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.
ADB began cofinancing operations in the FSM in 1993. Since then, cumulative direct value-added official cofinancing commitments for the FSM have amounted to $2.78 million for two investment projects and $4.31 million for seven technical assistance projects.