In the Spotlight
ADB has approved a $167 million loan to promote sustainable economic growth and reduce poverty in Bangladesh. The Asian Infrastructure Investment Bank is expected to lend an additional $60 million, which will be managed by ADB. This is the second project to be cofinanced by ADB and AIIB.
State-of-the-art Technology Boosts Energy Efficiency, Save Money at One of Uzbekistan's Largest Plants
Two new-high-efficiency combined cycle gas turbines at the Talimarjan power plant in southern Uzbekistan will help modernize the country's energy infrastructure, free up resources for investment and produce surplus electricity for export.
ADB and Swedish International Development Cooperation Agency (Sida) have signed an agreement under which Sida will guarantee up to $155 million of ADB sovereign loans. This allows ADB to increase its lending capacity by $500 million over the next 10 years from its Ordinary Capital Resources.
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.
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
ADB's approved commercial cofinancing (2015)
ADB's approved total cofinancing (2015)
Allocated for official and other concessional cofinancing (2015)
Total amount leveraged for commercial cofinancing (2015)