Most of ADB's lending comes from its ordinary capital resources, offered at near-market terms to lower- to middle-income countries. ADB also provides loans and grants from Special Funds, of which the Asian Development Fund is the largest. The Asian Development Fund offers loans at very low interest rates and grants that help reduce poverty in ADB's poorest borrowing countries.
An innovation to combine concessional lending operations with ordinary capital resources balance sheet aims to enhance ADB’s lending capacity. This was unanimously endorsed at the ADB Board of Governors in April. With this reform, ADB’s financing capacity will increase to $20 billion by 2020. Read more about combining ADB’s Asian Development Fund and Ordinary Capital Resources.
In 2015, ADB’s operations totaled $27.17 billion, of which $16.29 billion was for sovereign and nonsovereign project approvals financed by ADB ordinary capital resources (OCR), Asian Development Fund (ADF), and other special funds; $141 million was for technical assistance financed by special funds; and $10.74 billion by cofinancing partners.
ADB was also the first multilateral development bank to commit to a sizable climate finance target. In September, it was announced that the ADB would double annual climate financing to $6 billion by 2020.