Funds and Resources
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 ADB and will help Southeast Asian countries develop a robust portfolio of climate-resilient projects.
ADB has approved a $31.37 million to prepare the Salang Corridor rehabilitation project in improving the efficiency and safety of movement of goods and people in Afghanistan and across Central Asia.
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.
As part of the government's efforts to diversify the economy, ADB has approved a $25 million program to help improve the climate for private sector investment in Kyrgyz Republic. This will help expand access to financial services, diversify trade and investment, improve public infrastructure and services and lower the costs of doing business.
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.
Thanks to robust partnerships with its development partners, ADB achieved $22.9 billion in operations in 2014 by leveraging $9.2 billion in cofinancing—a record high for ADB—with $13.7 billion of its own resources.