Belgium

Belgium’s priorities are humanitarian aid, agriculture and food security, infrastructure, innovative financing, social development, education, health, climate change, biodiversity, gender equality, and migration. Belgium has cofinanced investment projects in Azerbaijan, Cambodia, India, and Sri Lanka.

At a Glance

Cumulative Project-Specific Cofinancing

$200,000

  

Cumulative Trust Funds Contribution

$49.2million

  

International and European Financial Affairs, Belgian Federal Treasury (IEFA) is Belgium’s contact point with international financial institutions. The Directorate-General for Development Cooperation and Humanitarian Aid (DGD) integrated into the Federal Public Service Foreign Affairs, Foreign Trade and Development Cooperation is responsible for drafting development policies, allocating Belgium’s official development assistance, and planning and monitoring governmental cooperation programs. The DGD partners with the Belgian Technical Cooperation as the implementing agency for study and training grants as well as assignments on sustainable development on both national and international levels.

As of December 2020, ADB’s Trade Finance Program (TFP) has supported 273 Belgian export and import transactions (through Belgian and non-Belgian banks) to developing Asia valued at over $112.7 million. Exports and imports were to eight countries, but mostly to Bangladesh, Pakistan, and Viet Nam. Isolating TFP’s work with Belgian banks, the TFP has worked with one bank domiciled in Belgium and has provided guarantees supporting $164.3 million in trade in over 279 transactions. The TFP has mobilized $45.9 million in cofinancing with banks domiciled in Belgium. This cofinancing helps leverage ADB resources and brings more support for developing members as well as exports, imports, growth, and job creation.

Active Trust Fund

Last approved cofinanced project was in 2012.

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