People's Republic of China: 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.
From 1988 to the end of 2017, cumulative direct value-added (DVA) official cofinancing commitments for the PRC amounted to $1.56 billion for 33 investment projects and $58.20 million for 109 technical assistance projects. Cumulative DVA commercial cofinancing for the PRC amounted to $2.06 billion for 20 investment projects.
In 2017, the PRC received loan cofinancing of $310.00 million from the Bank of Beijing for the Air Quality Improvement in the Greater Beijing– Tianjin–Hebei Region - China National Investment, and $200 million from the Government of Germany for the Guangxi Modern Technical and Vocational Education and Training Development Program.