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 1981 to the end of 2016, cumulative direct value-added official cofinancing for Vanuatu amounted to $58.8 million for four investment projects and $3.5 million for six technical assistance projects.
In 2016, the Global Environment Facility provided $2.9 million grant cofinancing for the Port Vila Urban Development–Additional Financing.
Vanuatu: Projects Cofinanced, 1 January 2012–31 December 2016
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grant||1||0.36|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Vanuatu, 1 January 2012–31 December 2016
|Project||ADB Amounta ($ million)||Cofinancing Amount ($ million)||Type of Cofinancingb|
|Cyclone Pam Road Reconstruction||12.61||2.68||G|
|Cyclone Pam School Reconstruction||–||5.00||G|
|Interisland Shipping Support - Additional Financing||10.82||4.65||G|
|Port Vila Urban Development - Additional Financing||–||2.87||G|
– = nil.
a Loan, grant or blend.
b G = grant cofinancing.