In the Spotlight
ADB has approved $12.2 million grant for the Renewable Energy Project, which is under the Pacific Renewable Energy Investment Facility. The project will enhance Tonga’s energy security and reduce carbon emissions.
ADB and AFD today agreed to increase their cofinancing commitment from $3 billion in the past 3 years to $5 billion in the next 3 years, allowing them to scale up their joint development efforts in the Asia and Pacific region.
Are you looking to channel your resources into sustainable development in Asia and the Pacific? Join us and our partners in working towards an Asia and the Pacific free of poverty.
Building strong partnerships with diverse institutions is a major focus of ADB’s Strategy 2030 to mobilize more resources for its sovereign and nonsovereign operations. A key measure of ADB’s success is the volume and quality of additional resources it mobilizes on top of its own financing.
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
Official cofinancing for investment projects (2017)
Total cofinancing leveraged (2017)
Cofinancing for TA projects (2017)
Commercial cofinancing for investment projects (2017)