Funds and Resources
In the Spotlight
In a partnership that spanned 50 years, ADB has been listening to the Philippine government and its people, understanding their needs, and responding by delivering solutions to help the country achieve its development goals.
ADB has approved a $30 million financial assistance including a $5 million grant and technical assistance from the Japan Fund for Poverty Reduction (JFPR) to boost agriculture and food security by improving water resource management in Tajikistan.
ADB is set to provide $500 million in financing for rooftop solar systems, helping India expand energy access using renewable energy.
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.
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.