ADB works with the Agence Française de Développement (AFD), which is responsible for France’s official development aid. The Inter-Ministerial Committee for International Cooperation and Development, chaired by the Prime Minister, defines the guidelines for development cooperation policy of France. Three ministries steer and implement the cooperation policy: the Ministry of Foreign and European Affairs; the Ministry of the Economy and Finance; and the Ministry of the Interior, Overseas France, Local Authorities and Immigration.

At a Glance

Cumulative Project-Specific Cofinancing

$4.3 billion


Cumulative Trust Funds Contribution



2020 Project-Specific Cofinancing

  • $381.7 million

2020 Trust Funds Contribution

  • $1.1 million

ADB holds annual high-level consultations with the AFD to discuss broader strategic alignment and strategic and operational directions for the partnership at the senior level.

In October 2016, ADB and the AFD signed a partnership framework agreement (PFA) for 2016–2022, aimed at reaching $1.5 billion in cofinancing from each for the first 3 years of collaboration. By 2018, AFD cofinancing had reached and exceeded this target at $1.6 billion. For the remaining 3 years, ADB and the AFD have decided to increase the amount to $2.5 billion each and signed the Amendment to the PFA in February 2019.

France’s support to Asia focuses on, but is not limited to, sustainable cities, urban transport, climate change, social protection, railways, and air pollution. Priority countries are 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, Viet Nam, and Uzbekistan.

In 2004, ADB and the AFD established the Cooperation Fund for Project Preparation in the Greater Mekong Subregion and in Other Specific Asian Countries, a single-partner trust fund that supports project preparatory technical assistance operations to be designed, processed, and administered by ADB. The AFD at its discretion provides additional contribution annually. Ideally, the trust fund resources should be used for project preparation with the view of ensuring AFD cofinancing to the investment loan. As of 31 December 2020, the AFD has contributed about $8.5 million with 15 approved technical assistances, 8 completions, and 1 cancellation.

As of December 2020, ADB’s Trade Finance Program (TFP) has supported 177 French export and import transactions (through French and non-French banks) to developing Asia valued at over $135.3 million. Exports and imports were to seven countries, but mostly to Bangladesh, Pakistan, and Viet Nam. Isolating TFP’s work with French banks, the TFP works with 6 banks domiciled in France and has provided guarantees supporting $1.9 billion in trade in over 297 transactions. The program has also mobilized $763.4 million in cofinancing with banks operating in France. This cofinancing helps leverage ADB resources and brings more support for developing members.

Active Trust Fund

1 January 2014–31 December 2020 Cofinanced Projects
Country Project Cofinancing Amount ($ million) Type of Cofinancinga
Azerbaijan Railway Sector Development Program 75 L
Bangladesh Dhaka Environmentally Sustainable Water Supply 64 L
Dhaka Water Supply Network Improvement 128.0 L
Power System Expansion and Efficiency Improvement Investment Plan – Tranche 2 125 L
Cambodia Provincial Water Supply and Sanitation 43.5 L
0.5 TA
Rural Roads Improvement II – Additional Financing 40 L
Technical and Vocational Education and Training Sector Development Program – Additional Financing 15 L
Urban Water Supply 9 L
Agricultural Value Chain Competitiveness and Safety Enhancement 25 L
Skills for Competitiveness (Supplementary) 19.9 L
People’s Republic of China Green Finance Catalyzing Facility 0.2 TA
Shandong Green Development Fund 84.5 L
Indonesia Strengthening Knowledge Sharing in Indonesia—Supplementary 1 TA
Sustainable and Inclusive Energy Program – Subprogram 1 150 L
Sustainable and Inclusive Energy Program – Subprogram 2 110 L
Sustainable and Inclusive Energy Program – Supplementary 0.5 TA
West Kalimantan Power Grid Strengthening 49.5 L
Myanmar Irrigated Agriculture Inclusive Development 27.9 L
Irrigation Command Area Development (Supplementary) 0.4 TA
Mandalay City Urban Services Improvement (Supplementary) 0.3 TA
Mandalay Urban Services Improvement 46 L
Pakistan Access to Clean Energy Investment Program 78.6 L
Peshawar Sustainable Bus Rapid Transit Corridor 150 L
Power Transmission Enhancement Investment Program – Tranche 4 82.5 L
Sustainable Energy Sector Reform Program – Subprogram 3 108 L
Emergency Assistance for Fighting the COVID-19 Pandemic 21.2 L
Karachi Bus Rapid Transit Red Line 71.8 L
Philippines Expanding Private Participation in Infrastructure Program – Subprogram 2 179 L
Inclusive Finance Development Program – Subprogram 1 174 L
Integrated Flood Risk Management Sector 0.3 TA
Local Government Finance and Fiscal Decentralization Reform Program – Subprogram 1 150 L
Local Government Finance and Fiscal Decentralization Reform Program – Subprogram 2 150 L
Sri Lanka Greater Colombo Water and Wastewater Management Improvement Investment Program – Tranche 2 70 L
Green Power Development and Energy Efficiency Improvement Investment Program – Tranche 1 30 L
Green Power Development and Energy Efficiency Improvement Investment Program—Tranche 2 30 L
Uzbekistan Economic Management Improvement Program—Subprogram 1 170.6 L
Power Sector Reform Program - Subprogram 1 168.8 L
Viet Nam Ha Noi Metro Rail System (Line 3: Nhon–Ha Noi Station Section) 637.4 L
Regional Integrated Resource Planning with Strategic Environmental Assessment for Sustainable Power Sector Development in the Greater Mekong Subregion 1.7 TA
Supporting the Cities Development Initiative Asia (Supplementary) 0.4 TA
Southeast Asia Transport Project Preparatory Facility Phase 2 (Supplementary) 0.8 TA

a L = official loan cofinancing, TA = technical assistance cofinancing.

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