In the Spotlight
ADB and the Republic of Korea signed two agreements during ADB's 51st Annual Meeting in Manila—an MOU to expand Korea’s cofinancing support for ADB projects in the region, and a cooperation agreement on the Korea–Asia and Pacific Tech Corp Program.
Annual operations of ADB reached a record $32.2 billion in 2017, according to the Annual Report. Cofinancing from bilateral and multilateral agencies and other financing partners amounted to $11.9 billion.
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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
Total cofinancing leveraged (2017)
Official cofinancing for investment projects (2017)
Commercial cofinancing for investment projects (2017)
Cofinancing for TA projects (2017)