European Union

The European Union (EU) is a political and economic union of 27 sovereign states in Europe. It was established in 1958 (originally as European Economic Community, and later changed its name to European Union in 1993) and seeks to be a driver of sustainable development, peace, and economic integration. It works with ADB to promote human rights and good governance, health, education, sustainable agriculture, and food security; environment and clean energy, food and agriculture, and cross-border cooperation in human and animal health.

In 2019, the EU cofinanced projects on sustainable rural infrastructure in Lao PDR, urban water supply and sanitation in the Solomon Islands, macroeonomic resilience in Tonga, and fiscal infrastructure management in Tuvalu. ADB and the EU also started preparations for a technical assistance (TA) grant to support reforms to Myanmar’s education sector.

Cumulative project-specific cofinancing $912.3 million   
2019 Project-specific Cofinancing
  • $28.5 million grant for 4 projects
1 January 2014–31 December 2019 Cofinanced Projects
Country Project Cofinancing Amount ($ million) Type of Cofinancinga
Afghanistan Panj-Amu River Basin Sector 50.00 G
Transport Network Development Investment Program—Tranche 4 21.00 G
Bangladesh Supporting Fourth Primary Education Development Program 175.00 G
Third Primary Education Development—Additional Financing 55.48 G
Cook Islands Renewable Energy Sector 7.26 G
Lao People’s Democratic Republic Sustainable Rural Infrastructure and Watershed Management Sector 4.46 G
Nauru Electricity Supply Security and Sustainability 2.70 G
Nepal Supporting Policies and Implementation in the School Sector (Supplementary) 4.72 TA
Supporting School Sector Development Plan 63.10 G
Papua New Guinea Highlands Region Road Improvement Investment Program—Project 3 19.99 G
Samoa Fiscal Resilience Improvement Program—Subprogram 1 6.10 G
Renewable Energy Development and Power Sector Rehabilitation—Additional Financing 5.06 G
Solomon Islands Improved Fiscal Sustainability Reform Program 2.90 G
Urban Water Supply and Sanitation Sector 20.35 G
Timor Leste Road Network Upgrading 22.62 G
Tonga Building Macroeconomic Resilience Program—Subprogram 1 2.80 G
Building Macroeconomic Resilience Program—Subprogram 2 2.10 G
Building Macroeconomic Resilience Program—Subprogram 2 2.20 G
Outer Island Renewable Energy—Additional Financing 3.57 G
Tuvalu Improved Fiscal and Infrastructure Management Program 1.50 G

a G = grant cofinancing, TA = technical assistance cofinancing