The agreement supports the Cities Development Initiative for Asia, where a €6 million grant—€5 million from the European Union and €1 million from Agence Française de Développement—will finance the preparation of urban projects with climate co-benefits in Asia’s medium-sized cities.
Official and other concessional cofinancing for both investment projects and technical assistance attained a record high of $7.19 billion in 2018. Learn more.
Partnerships at a Glance
%
increase in total ADB operations
FROM
$31.82
billion
2017
TO
$35.82
billion
2018
%
increase in official and other concessional cofinancing (excluding cofinancing for technical assistance)
FROM
$6.05
billion
2017
TO
$7.06
billion
2018
%
increase in commercial cofinancing commitments
FROM
$5.76
billion
2017
TO
$6.81
billion
2018
%
increase in cofinancing for technical assistance
FROM
$109
million
2017
TO
$130
million
2018
%
increase in number of projects involving official and other concessional cofinancing
FROM
135
projects
2017
TO
161
projects
2018
2018 ADB Commitments
Who cofinanced the most?
Where did the funds go?
Top Developing Member Countries
The top 10 developing member countries that received cofinancing in 2018 accounted for 93% of the year’s cofinancing commitments.
Bangladesh, Georgia, Indonesia, and Uzbekistan each received over $1 billion in cofinancing.
Where did the Funds go?
By Region
In 2018, cofinancing commitments for Central and West Asia almost tripled its volume with a 171% increase while those for East Asia rose by 27%.
Click on the regions to see additional information.
How Were the Funds Distributed?
By Sectors
How Were the Funds Distributed?
By Product and Type of Assistance
Investment Projects vs.
Technical Assistance
Investment Projects $7.06 billion | 62 projects
Technical Assistance $130 million | 99 projects
Of the $7.19 billion in commitments in 2018, $7.06 billion (98%) was for investment project cofinancing and $130 million (2%) for technical assistance cofinancing.
Loans vs.
Grants
Loan and Equity Cofinancing $6.32 billion | 29 projects
Grant Cofinancing for
Investment Projects
$736.30 million | 38 projects
Grant Cofinancing for
Technical Assistance
$130 million | 99 projects
Loan and equity cofinancing accounted for 88%, grant cofinancing for investment projects for 10%, and grant cofinancing for technical assistance for 2%.
Project-Specific vs.
Trust Fund Cofinancing
Trust Fund $449.05 million | 96 projects
Project-Specific Cofinancing $6.74 billion | 75 projects
Project-specific cofinancing made up 94% of the 2018 total, while trust fund cofinancing peaked at 6%.
Source: ADB
New resources for 2018
Trust Fund New Contributions and Replenishments
New resources for 2018
Global Funds Allocation
Milestones
Extending a cofinancing partnership that began in 1993, ADB and the Republic of Korea signed a memorandum of understanding providing for $650 million in concessional lending by the Republic of Korea in the next 3 years via its Economic Development Cooperation Fund.
ADB signed its first memorandum of understanding with the Spanish Agency for International Development Cooperation in which the two sides agreed to pursue knowledge sharing and collaborative work in a wide range of areas, including but not limited to water and sanitation, agro-industry and rural development, renewable energy, and climate change.
The Asia Regional Trade and Connectivity is a trust fund that addresses challenges in improving regional integration. The Department for International Development of the United Kingdom made an initial contribution of $29.5 million. The fund is focused on eight countries: Afghanistan, Bangladesh, India, the Kyrgyz Republic, Myanmar, Nepal, Pakistan, and Tajikistan.
For the first time, ADB attained the highest rank among development organizations in the Aid Transparency Index (ATI), which had its pilot run in 2011. From a score of 84.9% in the 2016 ATI, ADB improved to 98.6% in the 2018 ATI.
ADB releases Trust Fund Guidelines
The guidelines promote the adoption of international best practices by new and existing trust funds in delivering services and achieving their objectives.
The agreement lays the foundation for further cooperation between ADB and the Republic of Korea’s Financial Supervisory Service to foster sound and inclusive financial systems in developing countries and emerging markets in Asia and the Pacific.
This alternative procurement arrangement, signed with the World Bank, allows one bank to be the lead cofinancier for a project. Procurement follows the lead cofinancier’s procurement guidelines. This arrangement will ease the burden on executing and implementing agencies, which have traditionally used multiple procurement frameworks for a single project.
ADB and Mongolia signed a $3 million grant agreement, with cofinancing from the Japan Fund for Poverty Reduction, to strengthen the quality of, and access to, prevention and multidisciplinary responses to domestic violence. The agreement also provides for the establishment of shelters in three provinces and two districts, institutional capacity development, and the empowerment of women survivors to become economically self-sufficient.