Partnering for Development: Donor Report 2016
ADB’s own resources of $17.47 billion for loans, grants, guarantees and equity investments, and $169 million for technical assistance (TA) mobilized $14.06 billion of cofinancing operations
Of the total cofinancing, $8.46 billion was obtained through partnerships with official and other concessional financing sources, including bilateral and multilateral organizations, trust funds, other public agencies and foundations. Financing support from these development partners increased by 37% from $6.17 billion in 2015. Operational performance in 2016 proves that ADB’s partnerships remain strong as evidenced by the highlights and milestones.
- ADB reached $8.32 billion in official and other concessional cofinancing for 78 projects and $148 million for 102 TA projects—the highest in ADB’s history.
- In March 2016, ADB and the Japanese International Cooperation Agency (JICA) established the Leading Asia’s Private Sector Infrastructure Fund (LEAP) to support private infrastructure investments in Asia and the Pacific. The fund is capitalized by $1.5 billion in equity from JICA and will help mobilize $6 billion in investments.
- ADB and Agence Française de Développement (AFD) renewed their cooperation with the signing of a new $1.5 billion Framework Cofinancing Agreement in October 2016. The two institutions agreed to strengthen their collaboration in climate change, social protection, transport, and urban development from 2016 to 2022.
- In March 2016, ADB and the Eurasian Development Bank (EDB) agreed on a new framework cofinancing agreement worth $1 billion to further enhance and deepen cooperation and institutional partnership, and explore new cofinancing opportunities in Armenia, Kazakhstan, the Kyrgyz Republic, and Tajikistan over 5 years.
- ADB and the OPEC Fund for International Development (OFID) signed a new Framework Cofinancing Agreement in August 2016. OFID committed $600 million to cofinance renewable energy and energy efficiency, transport, agriculture, water supply and sanitation, education, and health sector projects.
- The Swedish International Development Cooperation Agency (Sida) and ADB entered into an innovative guarantee agreement of $155 million which will allow ADB to increase its financing by $500 million over the next 10 years.
- The Nordic Development Fund (NDF) contributed €7 million to the Project Readiness Improvement Trust Fund. The multidonor trust fund, established in September 2016, will help countries in the Southeast Asian region improve project readiness and develop climate-resilient projects.
- ADB engaged new partners in 2016 by cofinancing with the Bank of Beijing for an energy project in the People’s Republic of China, and with the Saudi Fund for Development for a transport project in the Kyrgyz Republic.
- ADB and the Asian Infrastructure Investment Bank (AIIB) agreed to strengthen cooperation and pursue cofinancing of key infrastructure projects in Asia and the Pacific through a memorandum of understanding signed in May 2016. Two projects with cofinancing amounting to a total of $160 million have been approved: a road project in Pakistan and a natural gas project in Bangladesh.
About this report
This report features stories on the effectiveness of partnerships and the improvements they can make in the lives of the poor in vulnerable countries and is intended for current and prospective official and other concessional development financing partners of ADB. It focuses on the importance of partnerships, results achieved, and ADB’s reporting of results. ADB partners benefit from the wide range of financing options presented here as they seek to begin or expand their commitment to developing Asia and the Pacific and to support ADB’s strategic priorities confirmed during the midterm review of its long-term strategic framework, Strategy 2020.
- President’s Statement
- Partnering Together
- Vice-President’s Statement
- Leveraging Resources
- 2016 Highlights: Official and Other Concessional Cofinancing
- 2016 Milestones
- 2016 Partnerships at a Glance
- 2016 Partners’ New Commitments and Replenishments to Trust Funds and Allocations from Global Funding Initiatives
- 2016 Framework Cofinancing Arrangements
- Results Matter: Stories of Successes and Results from the Ground
- Scaling-Up Operations to Support Development Goals in the Region
- Bangladesh: Mitigating Natural Disaster Risks, Improving Lives
- Regional: Strengthening Civil Servant Leadership in the Greater Mekong Subregion
- Philippines: Putting Economic Growth Back on Track
- Solomon Islands: Peace and Prosperity through Development and Rehabilitation
- Fostering Effective Financing Partnerships
- New Trust Funds in 2016
- Trust Funds and Global Funds Supporting ADB’s Strategic Priorities
- Projects Involving Official and Other Concessional Cofinancing, 2016
- Technical Assistance Projects Involving Official and Other Concessional Cofinancing, 2016