modalities

Single-Partner Trust Funds

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

In 2020, the single-partner trust funds cofinanced 72 projects for a total of $110.8 million. About $16.5 million (15%) of this went to COVID-19 commitments, provided by the Ireland Trust Fund for Building Climate Change and Disaster Resilience in Small Island Developing States, the Japan Fund for Poverty Reduction, the People’s Republic of China Poverty Reduction and Regional Cooperation Fund, and the Republic of Korea e-Asia and Knowledge Partnership Fund.

Australian Climate Finance Partnership (2020)

Total Contributions Committed

$106 million

Contributor
  • Australia

The Australian Climate Finance Partnership (ACFP) was designed to catalyze financing for nonsovereign climate adaptation and mitigation projects in eligible countries in the Pacific and Southeast Asia. The fund aims to contribute to a more stable, secure, and prosperous Indo-Pacific to meet the challenges of climate change. The ACFP also promotes recovery from the COVID-19 pandemic, gender equality, and better economic opportunities for women and girls.

Australian Technical Assistance Grant (1993)

Total Contributions Committed

$61.7 million

Cofinancing Commitments

$59.7 million for 59 projects

Contributor
  • Australia

The Australian Technical Assistance Grant was established through a memorandum of understanding in 1993. The fund provides grants to developing members to help finance technical assistance projects covering preparation, advisory services, implementation, and other activities. It 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

Cofinancing Commitments

$80.3 million for 7 projects

Contributor
  • Canada

The Canadian Climate Fund for the Private Sector in Asia II was established in March 2017 to support greater private sector participation in climate change mitigation and adaptation in low and lower-middle-income countries and upper-middle-income small island developing states in Asia and the Pacific. 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

Cofinancing Commitments

$4.3 million for 10 projects

Investment income, gains on foreign exchange transactions, and savings on closed projects are used for project commitments. Hence, project commitments, which exclude cancellations, may exceed contributions.
Contributor
  • Canada

The Canadian Cooperation Fund on Climate Change was established in 2001. It assists and engages ADB’s developing members in managing and abating the effect of climate change at the programming and policy levels to help reduce the growth of greenhouse gas (GHG) 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 of China and India in reducing GHG emissions, Indonesia in carbon sequestration, and Pacific countries in adaptation to climate change.

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

Total Contributions Committed

$8.5 million

Cofinancing Commitments

$6.8 million for 15 projects

Contributor
  • France

The fund was established in 2004 in partnership with the Agence Française de Développement, which has committed more than $8.5 million. It is valid up to 31 December 2022 and replenished with $1.1 million equivalent in September 2020.

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. Eligible recipients of the fund include Afghanistan, Armenia, Azerbaijan, Bangladesh, Cambodia, Georgia, India, Indonesia, Kazakhstan, the Lao People’s Democratic Republic, Myanmar, Pakistan, the People’s Republic of China, the Philippines, Sri Lanka, Thailand, Uzbekistan, and Viet Nam.

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

Total Contributions Committed

$3.6 million

Cofinancing Commitments

$4.6 million for 11 projects

Investment income, gains on foreign exchange transactions, and savings on closed projects are used for project commitments. Hence, project commitments, which exclude cancellations, may exceed contributions.
Contributor
  • Denmark

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

Integrated Disaster Risk Management Fund (2013)

Total Contributions Committed

$9.7 million

Cofinancing Commitments

$8.1 million for 10 projects

Contributor
  • Canada

This fund pursues the development of regional solutions to integrated disaster risk management (DRM) in ADB’s developing members in Southeast Asia. It supports projects that focus on cross-border DRM; introduces innovative solutions; and promotes community-based, gender-focused, and socially inclusive DRM interventions. It also 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

$14.4 million

Cofinancing Commitments

$2.3 million for 3 projects

Contributor
  • Ireland

The Ireland Trust Fund for Building Climate Change and Disaster Resilience in Small Island Developing States seeks to increase small islands' 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. It allocated almost $1.4 million in 2020 to support health emergency responses to address the impact of COVID-19.

Japan Fund for Information and Communication Technology (2001)

Total Contributions Committed

$10.7 million

Cofinancing Commitments

$12.7 million for 15 projects

Contributor
  • Japan

The Japan Fund for Information and Communication Technology was established in 2001. It aims to harness the potential of information and communication technology (ICT) and bridge the growing digital divide in ADB’s developing members. It supports ICT-related activities and applications that promote poverty reduction, encourages private sector participation in ICT development, and improve regional and international cooperation. The fund was replenished with $9.3 million in 2020.

Japan Fund for Poverty Reduction (2000)

Total Contributions Committed

$930.6 million

Cofinancing Commitments

$956.6 million for 487 projects

Investment income, gains on foreign exchange transactions, and savings on closed projects are used for project commitments. Hence, project commitments, which exclude cancellations, may exceed contributions.
Contributor
  • Japan

The Japan Fund for Poverty Reduction (JFPR) seeks to reduce poverty and promote social development by supporting projects and technical assistance that address the needs of the poorest and the most vulnerable in Asia and the Pacific. It provides grants to initiatives focusing on the agriculture, natural resources, and rural development sectors, as well as to projects focusing on health, transport, and education.

In 2020, the JFPR celebrated its 20th anniversary. It was replenished in January for $24.7 million and in May for $73.8 million. The fund also provided $4 million to support ADB COVID-19 response projects.

Japan Fund for Public Policy Training (2004)

Total Contributions Committed

$22 million

Cofinancing Commitments

$18.8 million for 2 projects

Contributor
  • Japan

The Japan Fund for Public Policy Training was established in 2004 to enhance developing members' capacity building for public policy management focusing on Asian economies in transition. It focuses on Cambodia, the Lao People’s Democratic Republic, and Viet Nam.

Japan Fund for the Joint Crediting Mechanism (2014)

Total Contributions Committed

$80.4 million

Cofinancing Commitments

$43 million for 7 projects

Contributor
  • Japan

Established in 2014, 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 that the Government of Japan initiated.

Japan Scholarship Program (1988)

Total Contributions Committed

$191.6 million

Scholars Awarded

4,039

Contributor
  • Japan

The Japan Scholarship Program was established in April 1988 to provide an opportunity for qualified citizens of ADB’s developing members to undertake postgraduate studies in economics, management, science and technology, and other development-related fields at participating academic institutions in the Asia and Pacific region. The scholarship program enrolls about 260 students annually in 25 academic institutions located in 9 countries within the region. In 2020, $5 million was added to the fund for replenishment. To date, the program has benefited 4,039 scholars across Asia and the Pacific.

Leading Asia’s Private Sector Infrastructure Fund (2016)

Total Contributions Committed

$1.5 billion

Total amount pledged is $1.5 billion
Cofinancing Commitments

$727.8 million for 23 projects

Contributor
  • Japan

The Leading Asia’s Private Sector Infrastructure Fund was established in 2016. This fund is an infrastructure cofinancing fund that 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 2020, the fund received $100.3 million from Japan’s $1.5 billion commitment as replenishment.

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

Total Contributions Committed

$90 million

Cofinancing Commitments

$63.5 million for 112 projects

Contributor
  • People’s Republic of China

The People’s Republic of China Poverty Reduction and Regional Cooperation Fund supports the process of poverty reduction, regional cooperation, and knowledge sharing for ADB developing members. In 2020, the fund allocated $10 million to support ADB COVID-19 initiatives.

The fund welcomes projects from all sectors, but it prioritizes initiatives from the transport, energy, water and urban development, and agriculture and rural development sectors. All ADB developing members are eligible to access the fund. However, 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

$122.2 million

Cofinancing Commitments

$78.2 million for 148 projects

Contributor
  • Republic of Korea

The fund was established in 2006 to contribute to poverty reduction in Asia and the Pacific by improving access to information and communication technology and facilitating knowledge sharing and partnerships. The fund has been supporting ADB technical assistance, grants, and investment projects which contribute to project readiness, policy reforms, institutional capacity, and effective governance. In 2020, the fund committed $4.3 million to support ADB COVID-19 projects. The Republic of Korea replenished the fund with $8.4 million in December 2020.

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

Total Contributions Committed

$3.5 million

Cofinancing Commitments

$5.9 million for 7 projects

Investment income, gains on foreign exchange transactions, and savings on closed projects are used for project commitments. Hence, project commitments, which exclude cancellations, may exceed contributions.
Contributor
  • Denmark

The fund was established in 2006 to increase the use of renewable energy in ADB’s developing members. It helps reduce poverty by supporting projects that increase the use of renewable energy and expand access to adequate, affordable, and sustainable clean energy services. Eligible countries are developing members with an annual per capita gross national product of less than $2,500. Like its predecessor, the first Danish Cooperation for Renewable Energy and Energy Efficiency in Rural Areas, this fund supports the Renewable Energy, Efficiency, and Climate Change or 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

Cofinancing Commitments

$12.4 million for 25 projects

Contributor
  • Spain

Established in 2000, the Spanish Cooperation Fund for Technical Assistance provides grants to all developing members for project preparation and transaction advisory services. The fund embarks on projects that focus on water (and other urban infrastructure services, including digital technology for development); energy; transport (roads, bridges, railways, trams, buses); and sustainable cities.

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