In the Spotlight
The Nordic Development Fund (NDF) has contributed €7 million to a newly established multi-donor trust fund - Project Readiness Improvement Trust Fund. It is administered by the Asian Development Bank (ADB) and will help Southeast Asian countries develop a robust portfolio of climate-resilient projects.
The approval has been made for the final phase of financial support to complete the rehabilitation of Toktogul hydropower plant which will increase reliability of national and regional power systems in Kyrgyz Republic.
The needs of Asia and the Pacific far outweigh the resources of any one country or organization. Partnering is the only hope for eradicating poverty in the region. Find out more about partnering and cofinancing opportunities with the Asian Development Bank.
ADB approved a $100 million loan for a highway project in Pakistan that will mark its first cofinancing with the Asian Infrastructure Investment Bank (AIIB).
ADB’s mandate to reduce poverty in Asia and the Pacific requires a scale of investment that can only be partially delivered through its own resources. Strategic partnerships with other development organizations facilitate a wider flow of financial resources and knowledge to help improve development effectiveness throughout the region.
ADB works jointly with international development agencies, multilateral and bilateral institutions, the private sector, and other emerging development partners to fund activities that improve people's lives in the region. More on cofinancing with ADB
ADB also helps developing member country governments and private sector borrowers in securing debt financing from commercial financial institutions for ADB projects on commercial terms. More on commercial cofinancing
$10.7billionapproved total cofinancing in 2015
$4.56billionapproved commercial cofinancing in 2015
$6.17billionfor 154 projects approved official and other concessional cofinancing in 2015