ADB has been supporting Tuvalu since 1993, committing loans totaling $7.9 million, grants of $60.8 million, technical assistance worth $10.7 million, and ADB-administered cofinancing of $2.8 million. Cumulative loan and grant disbursements to Tuvalu amount to $36.3 million.
Number of shares held:
150 (0.001% of total shares)
39,264 (0.295% of total membership, 0.453% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
The Asian Development Bank has approved a $3 million facility to fund project preparations for ADB-supported clean energy projects in the Pacific.
ADB will help strengthen Pacific power utilities’ regulation to support clean energy technologies and decarbonize Pacific economies through a $600,000 technical assistance project.
Australia is a founding member of ADB, which was established in 1966. For more than five decades, ADB and Australia have been partners in providing assistance to the bank’s members through cofinanced programs and projects.