Single-Partner Trust Funds

ADB is a trustee of 18 active single-partner trust funds, with contributions from Australia, Canada, People’s Republic of China, Denmark, France, Ireland, Japan, Republic of Korea, and Spain.

Eco-friendly livelihood. Despite the abundance of natural resources in the Southeast Asia Coral Reef Triangle, many fishing communities surrounding it are impoverished, such as the communities along the coastal areas of Kalimantan, Indonesia, and Palawan, Philippines. A project cofinanced by the Japan Fund for Poverty Reduction sought to change this. The project, Developing Sustainable Alternative Livelihoods in Coastal Fishing Communities in the Coral Triangle: Indonesia and Philippines, empowered fishers, both male and female, to run viable businesses that did not only raise their incomes, but also helped protect the coral reef triangle and reduced its vulnerability to climate change.

Of the $181 million allocated by trust funds, $58 million (32%) were from single-partner trust funds. All ADB-approved projects is net of savings for financially completed projects and direct charges. The trust funds with new projects in 2019 are:

Single Partner Trust Funds with active projects in 2019

Australian Technical Assistance Grant (1993)
Total Contributions Committed

$61.8 million  

ADB Approved Projects

$56.4 million for 59 projects  

Contributor
  • Australia

Established through a Memorandum of Understanding, this fund provides grants to developing member countries in Asia and the Pacific to help finance technical assistance projects covering preparation, advisory services, implementation, and other activities. This fund supports various sectors, including agriculture, health, education, telecommunications, urban development, climate change, and energy.

Canadian Climate Fund for the Private Sector in Asia II (2017)
Total Contributions Committed

$149.5 million  

ADB Approved Projects

$72.9 million for 8 projects    

Contributor
  • Canada

The Canadian Climate Fund for the Private Sector in Asia II supports greater private sector participation in climate change mitigation and adaptation. It offers concessional financing to the private sector to help offset cost hurdles and initiate, scale-up, and replicate high impact projects in markets that show strong potential for growth. Through these projects, the fund also promotes gender equality and the empowerment of women and girls.

Canadian Cooperation Fund on Climate Change (2001)
Total Contributions Committed

$3.4 million 

ADB Approved Projects

$3.7 million for 10 projects

Investment income, gains on foreign exchange transactions, and savings on closed projects are used for project commitments. Hence, project commitments may exceed contributions.  

Contributor
  • Canada

This fund assists and engages ADB’s developing member countries in managing and abating climate change effects at the programming and policy levels to help reduce the growth of greenhouse gas emissions. Through the projects it finances, the fund promotes renewable energy and energy efficiency and supports carbon sequestration and adaptation to climate change. It also finances projects which can potentially access climate change convention-related mechanisms. The fund’s priority countries include the People’s Republic in China and India in reducing greenhouse gas emissions, Indonesia in carbon sequestration, and Pacific countries in activities relating to adaptation to climate change.

Cooperation Fund for Project Preparation in the Greater Mekong Subregion and in Other Specific Asian Countries (2004)
Total Contributions Committed

$7.4 million 

ADB Approved Projects

$5.4 million for 14 projects   

Contributor
  • France

The fund was established in 2004 in partnership with Agence Francaise de Developpement, which has committed a total of more than $7 million. It was extended to 31 December 2020 and replenished with €1 million ($1.1 million equivalent) in September 2019.

The fund supports project preparatory processes in infrastructure and urban planning, health, education and vocational training, agriculture and food security, sustainable development and climate change, and support for economic growth. Recipients of the fund are ADB developing member countries in the Greater Mekong Subregion and regional institutions located in such countries. The GMS is made up of Cambodia, the People’s Republic of China (PRC, specifically Yunnan Province and Guangxi Zhuang Autonomous Region), Lao People’s Democratic Republic (Lao PDR), Myanmar, Thailand, and Viet Nam.

Danish Cooperation Fund for Renewable Energy and Energy Efficiency in Rural Areas (2001)
Total Contributions Committed

$3.6 million

ADB Approved Projects

$3.8 million for 11 projects

Investment income, gains on foreign exchange transactions, and savings on closed projects are used for project commitments. Hence, project commitments may exceed contributions. 

Contributor
  • Denmark

The fund was established in December 2001 as part of ADB’s Renewable Energy, Energy Efficiency, and Climate Change (REACH) program. It aims to reduce poverty and improve the quality of life of communities underserved by national power grids while reducing greenhouse gases. The fund prioritizes projects focused on renewable energy and energy efficiency and greenhouse gas abatement technologies in rural areas.

Integrated Disaster Risk Management Fund (2013)
Total Contributions Committed

$9.7 million

ADB Approved Projects

$7.7 million for 18 projects and direct charges   

Contributor
  • Canada

This fund pursues the development of regional solutions to integrated disaster risk management (DRM) in ADB’s developing member countries in Southeast Asia. It supports projects that focus on cross-border disaster risk management, introduces innovative solutions, promotes community-based, gender-focused, and socially inclusive DRM interventions, and supports stronger engagement with civil society and the private sector.

Ireland Trust Fund for Building Climate Change and Disaster Resilience in Small Island Developing States (2019)
Total Contributions Committed

$13.5 million

ADB Approved Projects

$50,000 for 2 direct charges

Contributor
  • Ireland

Newly established in 2019, the Ireland Trust Fund for Building Climate Change and Disaster Resilience in Small Island Developing States (SIDS) seeks to increase SIDS’ resilience to disasters caused by natural hazards and the impact of climate change. It supports projects that tackle climate change mitigation and adaptation, disaster resilience, disaster preparedness and management, capacity building, and regulatory and legislative reforms.

Japan Fund for Information and Communication Technology (2001)
Total Contributions Committed

$10.7 million

ADB Approved Projects

$9.6 million for 14 projects

Investment income, gains on foreign exchange transactions, and savings on closed projects are used for project commitments. Hence, project commitments may exceed contributions.

Contributor
  • Japan

The Japan Fund for Information and Communication Technology (JFICT) aims to harness the potential of information and communication technology and bridge the growing digital divide in ADB’s developing member countries. Total JFICT funds made available up to 31 December 2019 amounted to approximately $10.7 million, covering 14 projects. Of these, 13 were financially closed in 2012 and a new one was approved in 2019.

Japan Fund for Poverty Reduction (2000)
Total Contributions Committed

$832 million

ADB Approved Projects

$792.6 million for 459 projects  

Investment income, gains on foreign exchange transactions, and savings on closed projects are used for project commitments. Hence, project commitments may exceed contributions.

Contributor
  • Japan

The fund seeks to reduce poverty and promote social development by supporting projects and technical assistance that address the needs of the poorest and most vulnerable in Asia and the Pacific. It provides grants to initiatives that focus on the agriculture, natural resources and rural development sector, as wells as projects that focus on health, transport, and education.

In 2019, Japan replenished the funds by $17.75 million. In the same year, JFPR supported projects that provided the poor with greater access to water (Balochistan Water Resources Development in Pakistan), made communities resilient to climate change (Resilient Community Development in Myanmar), provided the marginalized access to health services (Second Health Human Resources Development Project in Viet Nam), and improved skills development to match the labor (Skills and Knowledge for Inclusive Economic Growth in Viet Nam).

Japan Fund for Public Policy Training (2004)
Total Contributions Committed

$22 million 

ADB Approved Projects

$13.7 million for 2 projects

Contributor
  • Japan

The Japan Fund for Public Policy Training (JFPPT) aims to help ADB Developing member countries improve their capacities for public policy management. It focuses on countries with transitioning economies, such as Cambodia, the Lao PDR, and Viet Nam.

Japan Fund for the Joint Crediting Mechanism (2014)
Total Contributions Committed

$71.1 million  

ADB Approved Projects

$32.6 million for 10 projects and direct charges 

Contributor
  • Japan

This fund provides financial incentives to promote the adoption of advanced low carbon technologies in ADB financed sovereign and nonsovereign projects. It provides grants and technical assistance to ADB projects that use the Joint Crediting Mechanism, a bilateral carbon market mechanism initiated by the government of Japan. In 2019, the fund was replenished by $9.25 million. It also cofinanced a project with ADB that seeks to improve Mongolia’s health system to benefit its disadvantaged groups.

ADB-Japan Scholarship Program (1988)
Total Contributions Committed

$186.6 million  

Scholars Awarded

3,917 

Contributor
  • Japan

This program has been providing qualified citizens of ADB developing member countries with scholarship opportunities for post-graduate degrees and research in the fields of economics, management, science and technology, and other development-related fields at participating academic institutions in Asia and Pacific. The scholarship program enrolls about 300 students annually in 29 academic institutions located in 10 countries within the region. In 2019, $4.27 million was added to the fund for replenishment. To date, the program has benefitted 3,917 scholars across Asia and the Pacific.

Leading Asia’s Private Sector Infrastructure Fund (2016)
Total Contributions Committed

$419.7 million

(total amount pledged is $1.5 billion)  

ADB Approved Projects

$630.8 million for 28 projects*

*Investment income, gains on foreign exchange transactions, and savings on closed projects are used for project commitments. Hence, project commitments may exceed contributions

Contributor
  • Japan

This fund is an infrastructure co-financing fund. It leverages and complements ADB’s existing nonsovereign platform to fill financing gaps and increase access to finance for infrastructure projects in Asia and the Pacific. It provides both concessional and parallel cofinancing to nonsovereign infrastructure projects at different stages of development. In 2019, LEAP supported 10 nonsovereign infrastructure projects implemented across the region.

People's Republic of China Poverty Reduction and Regional Cooperation Fund (2005)
Total Contributions Committed

$90 million 

ADB Approved Projects

$50.4 million for 100 projects  

Contributor
  • People’s Republic of China

The People’s Republic of China Poverty Reduction and Regional Cooperation Fund support the process of poverty reduction, regional cooperation, and knowledge sharing for ADB developing member countries in Asia and the Pacific. To date, the PRC Fund has funded three project investment grants for $2.55 million, and 97 TA projects for $50.94 million.

The fund welcomes projects from all sectors, but it prioritizes initiatives from transport, energy, water and urban development, and agriculture and rural development sectors. All ADB developing member countries are eligible to access the fund, but for the regional cooperation component, priority is given to the Greater Mekong Subregion and Central Asia Regional Economic Cooperation.

Republic of Korea e-Asia and Knowledge Partnership Fund (2006)
Total Contributions Committed

$118.8 million    

ADB Approved Projects

$58.6 million for 126 projects

Contributor
  • Republic of Korea

The fund was established for economic and social development projects in developing member countries that will reduce the digital divide; promote full access to information, communication, and technology; and create and share experience, information, and knowledge in Asia and the Pacific. The fund has two windows: the e-Asia Program, which promotes ICT, and the Knowledge Partnership Program, which fosters information sharing and knowledge. The fund was replenished $16.64 million in 2019, bringing the $102.2 million the contributions committed for the fund.

Second Danish Cooperation Fund for Renewable Energy and Energy Efficiency in Rural Areas (2006)
Total Contributions Committed

$3.5 million   

ADB Approved Projects

$3.5 million for 7 projects

Investment income, gains on foreign exchange transactions, and savings on closed projects are used for project commitments. Hence, project commitments may exceed contributions.

Contributor
  • Denmark

The Fund was established in 2006. It helps reduce poverty in ADB DMCs by supporting projects that increase the use of renewable energy and expand access to adequate, affordable, and sustainable clean energy services. Eligible countries are DMCs with annual per capita GNP of less than $2,500. Like its predecessor, the first Danish Cooperation for Renewable Energy and Energy Efficiency in Rural Areas, this fund support the REACH program by financing technical assistance operations for project preparation, advisory services and training, institutional support, and other activities agreed upon between Denmark and ADB.

Spanish Cooperation Fund for Technical Assistance (2000)
Total Contributions Committed

$14.4 million   

ADB Approved Projects

$12 million for 24 projects 

Contributor
  • Spain

The Spanish Cooperation Fund for Technical Assistance provides grants to selected Developing member countries embarking on projects that focus on natural resources and rural development, water, sanitation, and other urban infrastructure and services, and renewable energy. The grants cover technical assistance operations, including project preparation and advisory services. Spain provided $1.17 million to replenish the fund. It has cofinanced 25 projects to date, the majority of which addressed rural development, water and urban infrastructure, and energy.

Technical Assistance Grant Fund (France) (1989)
Total Contributions Committed

$25.8 million  

ADB Approved Projects

$27.8 million for 39 projects

Investment income, gains on foreign exchange transactions, and savings on closed projects are used for project commitments. Hence, project commitments may exceed contributions.

Contributor
  • France

Established in partnership with the French Ministry of Economy and Finance and Industry, this fund supports projects in telecommunications, civil aeronautics, transport, energy, water treatment, mining studies, and health. It promotes project preparation, advisory services, project implementation or other technical assistance services, and other activities which may be agreed upon between France and ADB. Its priority sectors include health, nutrition and social protection, transport and communications, civil aeronautics, energy, telecommunications, water treatment, and mining.

* Effective projects as of end-2019 amounted to $630.8 million for 28 projects. Contributions are formally recognized and recorded in ADB’s system and financial statements once they are remitted by the financing partner to ADB.