Crisis Response of Asian Development Fund - Allocation of Additional Liquidity

Institutional Document | May 2009

This paper seeks the approval of the Board of Directors of the Asian Development Bank (ADB) to allocate additional Asian Development Fund (ADF) commitment authority to ADF-only countries to help them respond to the global economic crisis.

As of 31 March 2009, about 55% of the outstanding ADF legacy loans had been converted to special drawing rights, reducing the currency risk. As a result, SDR270 million (about $400 million) from the prudential minimum liquidity (PML) of ADF that was originally provided to cover the currency risks can now be released and added to the ADF commitment authority.


  • Introduction
  • Additional ADF Assistance
  • Country Allocations and Revised 2009-2010 Performance Based Allocation
  • Front Loading of 2009-2010 Performance Based Allocation
  • Recommendation