modalities

Global Funds

Non-ADB Funds Accessible to Member Countries

ADB participates in, and accesses funds from, the Global Funding Initiatives where the International Bank for Reconstruction and Development acts as the trustee. These funds are designed for development projects or technical assistance. Developing members can access them through ADB. In 2020, ADB accessed $129.2 million from Global Funds for its developing members.

Global Funds leverage public or private resources to support of international initiatives, enabling partners to provide a direct and coordinated response to global priorities. ADB contributes to the Global Funds and assists developing members in gaining access to its financing.

In 2020, the Global Funds contributed $129.2 million. Loan cofinancing reached $72.2 million while grant cofinancing, for both investment grants and technical assistance, reached $57 million. The Green Climate Fund provided the biggest contribution, with a $37 million loan cofinancing for Pakistan’s Karachi Bus Rapid Transit Red Line Project, and a grant for Kiribati’s South Tarawa Water Supply Project for $28.6 million. The second-largest contributor is Clean Technology Fund with a $35 million loan for Indonesia’s Geothermal Power Generation Project.

Global Funds with Active Projects in 2020

Climate Investment Funds

Cumulative Project-Specific Cofinancing

$1 billion

Cumulative Trust Funds Contribution

$17 million

2020 Project-Specific Cofinancing

$46 million

Trust Funds Contributions

$17 million

Established in 2008, the Climate Investment Funds (CIF) mechanism aims to help developing countries shift to low-carbon technologies and promote climate-resilient development. CIF works with multilateral organizations like the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, and the World Bank Group.

There are two funding windows under CIF:

Global Agriculture and Food Security Program

Cumulative Project-Specific Cofinancing

$62.1 million

The Global Agriculture and Food Security Program (GAFSP), established in 2009, is an intermediary fund designed to support strategic investments in agriculture and food security. This global initiative aims to help developing countries achieve food security and increased income, provide multi-sector investments to fill national and regional financing gaps in food security strategies, and scale up promising agricultural technologies.

Specifically, GAFSP’s public sector funding window assists strategic country or regional programs from sector-wide country or regional consultations. The private sector window provides long- and short-term loans, credit guarantees, and equity to support private sector activities for improving agricultural development and food security.

Global Environment Facility

Cumulative Project-Specific Cofinancing

$249.6 million

2020 Project-Specific Cofinancing

$230,000

Established in 1991, the Global Environment Facility (GEF) is a global partnership that helps tackle the planet’s most pressing environmental problems. GEF brings together 183 countries, international institutions, nongovernment organizations, and the private sector, to help developing countries address environmental problems. The facility administers six trust funds. ADB participates in three of these trust funds, specifically:

  • GEF Trust Fund - supports activities within the GEF focal areas
  • Least Developed Countries Fund - addresses the special needs of the 51 least-developed countries that are especially vulnerable to the adverse impacts of climate change
  • Special Climate Change Fund - supports adaptation and technology transfer in all developing countries party to the United Nations Framework Convention on Climate Change

In 2020, GEF contributed a supplementary cofinancing of around $230,000 for a project reducing on marine plastic pollution in Asia and the Pacific.

Global Partnership for Education

Cumulative Project-Specific Cofinancing

$128.1 million

2020 Project-Specific Cofinancing

$390,000

The Global Partnership for Education (GPE) is a multi-stakeholder partnership and funding platform that galvanizes global and national support for education in developing countries. It was established in 2002 to help ensure that every child has access to quality education, especially the poorest and the most vulnerable. GPE’s focus areas are the following:

  • children with disabilities
  • early childhood care and education
  • girls’ education and gender equality
  • out-of-school children
  • countries affected by fragility and conflict
  • development effectiveness
  • teaching and learning
  • knowledge and innovation exchange

In 2020, the GPE contributed a supplementary cofinancing of almost $390,000 to strengthening education in the Pacific Region.

Global Road Safety Facility Partnership

Cumulative Project-Specific Cofinancing

$770,000

2020 Project-Specific Cofinancing

$540,000

The Global Road Safety Facility (GRSF) is a global multi-donor fund hosted by the World Bank. Its mission is to help governments develop road safety management capacity and scale up road safety delivery in low- and middle-income countries (LMICs).

The GRSF provides funding, knowledge, and technical assistance designed to scale up the efforts of the LMICs to build their scientific, technological, managerial, and delivery capacities for road safety.

In 2020, the GRSF contributed supplementary technical assistance of $540,000 to implement sustainable transport projects in Asia and the Pacific.

Green Climate Fund

Cumulative Project-Specific Cofinancing

$458.5 million

2020 Project-Specific Cofinancing

$77.6 million

The Green Climate Fund (GCF) was created in 2010 as a global fund helping developing countries overcome the challenges of climate change. The GCF aims to catalyze climate financing for low-emission and climate-resilient development, driving a change in thinking in the global response to climate change. The fund’s investments can be in the form of grants, loans, equity, or guarantees.

The GCF, established by the 194 signatory countries of the United Nations Framework Convention on Climate Change, focuses on the following areas:

  • reduce greenhouse gas emissions in developing countries
  • help vulnerable societies adapt to the unavoidable impacts of climate change

Through two projects, the GCF contributed $77.6 million to ADB’s work in 2020. These projects include a water supply project in Kiribati’s South Tarawa, and a loan and a grant for a bus transit line in Pakistan’s Karachi.

Women Entrepreneurs Finance Initiative

Cumulative Project-Specific Cofinancing

$22.7 million

2020 Project-Specific Cofinancing

$5 million

Founded in 2017, the Women Entrepreneurs Finance Initiative (We-Fi) is designed to help establish financing for women-led or -owned businesses in developing countries. It also assists governments in creating enabling environments for women in business. With funding from 14 governments, We-Fi works with six multilateral development banks as implementing partners: African Development Bank, Asian Development Bank, Inter-American Development Bank, European Bank for Reconstruction and Development, Islamic Development Bank, and the World Bank Group.

In 2020, We-Fi provided a $5 million grant to a Viet Nam project supporting the country’s women entrepreneurs by providing them access to capital.

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