Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations to participate in financing ADB projects. Additional funds are provided in the form of official loans and grants, technical assistance, other concessional financing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.
From 1976 to the end of 2016, cumulative direct value-added official cofinancing for the Cook Islands amounted to $11.5 million for one investment project, and $1 million for three technical assistance projects.
In 2016, the Global Environment Facility provided $4.3 million grant cofinancing for the Renewable Energy Sector—Additional Financing.
Cook Islands: Projects Cofinanced, 1 January 2012–31 December 2016
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grants||1||0.50|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Cook Islands, 1 January 2012–31 December 2016
|Project||ADB Amounta ($ million)||Cofinancing Amount ($ million)||Type of Cofinancingb|
|Renewable Energy Sector||11.19||11.52||G|
a Loan, grant or blend.
b G = grant cofinancing.