Financing Partnership Facilities
Programmatic, Long-Term, Collaborative Cofinancing
A Financing Partnership Facility supports specific ADB corporate initiatives, such as livable cities or regional cooperation. It has one or more trust funds that finance projects and programs contributing to its objectives.
Financing partnership facilities (FPFs) finance projects and programs that contribute toward achieving specific development targets and objectives. Through one or more trust funds, the FPFs channel cofinancing to support ADB’s corporate initiatives, such as fostering regional integration and cooperation, increasing investments in clean energy, developing green cities, increasing water investments, increasing health impacts and health security, and supporting tech startups with brilliant development solutions.
At a Glance
These facilities are operational mechanisms for strategic, long-term, multi-partner cooperation that link various forms of assistance in a coordinated manner for well-defined purposes. By pooling financial resources from donors, these umbrella facilities ensure a steady flow of funds for faster development results. The FPFs combine different forms of assistance—including grants, concessional loans, risk-sharing mechanisms, and knowledge provision—under one umbrella. They ensure a coordinated and harmonized approach to achieving specific goals for the sector or theme.
In 2020, the FPFs soldiered on with their annual work programs while adjusting to contribute to ADB’s responses to COVID-19 challenges, particularly in their specific development sectors or thrusts.
ADB Ventures Financing Partnership Facility
The new ADB Ventures Financing Partnership Facility, established in January 2020, invests in early-stage technology companies that address urgent development challenges in emerging Asia, especially as the region begins to rebuild and reset for post–COVID-19. Its technical aim is to catalyze venture risk capital for the impact technology solutions expanding in emerging Asia.
Clean Energy Financing Partnership Facility
The Clean Energy Financing Partnership Facility had surpassed its 2020 target of 20 million tCO2e (tons of CO2 equivalent) annual emissions reduction and had provided 393,985 households with access to clean energy. The facility also initiated a technical assistance to pilot smart air-conditioning systems that could help reduce the transmission of viruses, including COVID-19.
Health Financing Partnership Facility
The Health Financing Partnership Facility received a $6.5 million new contribution from the United Kingdom’s Foreign, Commonwealth, and Development Office. The new contribution will build on the facility’s achievements and support COVID-19 initiatives in the Greater Mekong Subregion.
Regional Cooperation and Integration Financing Partnership Facility
The Regional Cooperation and Integration Financing Partnership Facility is financing several projects that support COVID-19 response and recovery efforts, focusing on higher-quality connectivity for medium-term post–COVID-19 recovery. It is also financing technical assistance to support cooperation and integration in Central Asia, ASEAN+3, and across the Asia and Pacific region.
Urban Financing Partnership Facility
The Urban Financing Partnership Facility worked with experts from ADB and Johns Hopkins University to map out COVID-19 numbers on confirmed cases, deaths, and recovery cases using the Spatial Data Analysis Explorer platform. Project savings from a $2 million cofinanced grant in Bangladesh was re-purposed to finance COVID-19 response efforts.
Water Financing Partnership Facility
The achievements of the Water Financing Partnership Facility (WFPF) now bear more significance as the COVID-19 pandemic underscores why people need reliable water supply and sanitation services. Moving forward, the facility considers water, sanitation, and hygiene or WASH as one of the priority areas that it could support more to combat COVID-19 transmission and other waterborne diseases.