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 2002 to the end of 2016, cumulative direct value-added official cofinancing for Timor-Leste amounted to $148.8 million for three investment projects and $14.1 million for six technical assistance projects.
In 2016, the European Union provided $22.6 million grant cofinancing for the Road Network Upgrading.
Timor-Leste: Projects Cofinanced, 1 January 2012–31 December 2016
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grants||3||1.23|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Timor-Leste, 1 January 2012–31 December 2016
|Project||ADB Amounta ($ million)||Cofinancing Amount ($ million)||Type of Cofinancingb|
|Road Network Upgrading||40.00||91.32||G/O|
|Road Network Upgrading Sector||50.00||54.50||G/O|
a Loan, grant, or blend.
b G = grant cofinancing, O = official loan cofinancing.