Financing Partnership Facilities
Financing partnership facilities support ADB’s corporate initiatives, such as fostering regional integration and cooperation, increasing investments in clean energy, developing green cities, increasing water investments, and increasing health impacts and health security across the region. Each FPF houses one or more trust funds that finance projects and programs that contribute toward achieving the FPF’s targets and objectives.
Since the launch of ADB Strategy 2030 in 2018, FPFs have been calibrating their targets and project pipelines, aligning them with Strategy 2030 operational priorities. The Urban Financing Partnership Facility, following ADB’s new Livable Cities Operational Priority Plan 2019–2024, will be financing projects and programs to make Asia’s cities more livable. The Clean Energy Financing Partnership Facility helped ADB achieve and surpass its target of $6 billion annual climate financing in 2019, a year ahead of schedule. The Water Financing Partnership Facility will continue to support ADB’s water operations guided by the Water-Secure Asia-Pacific 2030 strategic directions paper currently under preparation.
Meanwhile, both the Regional Cooperation and Integration Financing Partnership Facility and Health Financing Partnership Facility are awaiting fund replenishment. With these changes, ADB should be able to offer solutions to harmonize approaches and pool resources for a more coordinated delivery of development assistance.
Clean Energy Financing Partnership Facility
The Clean Energy Financing Partnership Facility continues to support projects that focus on energy efficiency; access to energy; renewable energy; carbon capture, utilization, and storage; sustainable transport; and projects that engage the private sector to invest in clean energy. In 2019, total contributions received by the facility reached $295.5 million.
Health Financing Partnership Facility
The remaining funds of the Regional Malaria and Other Communicable Disease Threats Trust Fund, the lone trust fund under the Health Financing Partnership Facility, was used to ensure that ADB’s ongoing support for regional health security is properly aligned with ADB Strategy 2030. The facility has $29.4 million in total committed contributions in 2019.
Regional Cooperation and Integration Financing Partnership Facility
The Regional Cooperation and Integration Financing Partnership Facility channels financing and knowledge resources from partners in support of ADB’s regional cooperation and integration program. Total committed contributions to the Investment Climate Facilitation Fund is $31.5 million, while total committed contributions to the United Kingdom Fund for Asia Regional Trade and Connectivity has reached $27.9 million.
Urban Financing Partnership Facility
The Urban Financing Partnership Facility funds projects and programs that help Asia’s cities become more livable. It supports initiatives in public transport, water supply and sanitation, solid waste management, and environmentally sustainable, inclusive, urban renewal projects that benefit the poor. In 2019, the facility has reached $191.9 million in total contributions.
Water Financing Partnership Facility
First among the financing partnership facilities to be established, the Water Financing Partnership Facility has been pushing the water agenda for 15 years and continues to fund water-related projects, including projects related to food security, climate change, and livable cities. The facility’s total committed contributions reached $116.4 million in 2019.