Intermed Hospital Expansion Project: FAST Report

| May 2023
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The project aims to bring quality health care to middle-class Mongolians and improve medical accessibility for distant communities. The existing facility is hitting capacity limits and faces overcrowding and compromised patient care during peak periods. Asian Development Bank’s (ADB) financing will also support Mongolia’s leading hospital to maintain international standards of patient care, reduce the need for Mongolians to travel abroad for tertiary treatment, expand health care services to rural areas, and enhance women’s employability in the high-value medical profession.

This report describes the terms and conditions of a project for consideration for approval by ADB under the Faster Approach to Small Nonsovereign Transactions (FAST) framework.

This document dated May 2023 is provided for the ADB project 56263-001 in Mongolia.

Linked Documents
  1. Contribution to Strategy 2030 Operational Priorities [Withheld from Public Disclosure in accordance with the Access to Information Policy (para. 17, 2)]
  2. Country Economic Indicators
  3. Summary Poverty Reduction and Social Strategy [Withheld from Public Disclosure in accordance with the Access to Information Policy (para. 17, 2)]
  4. Gender Action Plan [Withheld from Public Disclosure in accordance with the Access to Information Policy (para. 17, 2)]
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National Disaster Risk Management Fund: Audited Project Financial Statements (July 2021-June 2022)

Audited Project Financial Statements | January 2023
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Annual audited project financial statements for sovereign operations provide project financial information prepared in accordance with generally accepted accounting principles and audited by an independent certified public accountant.

This document dated 5 January 2023 is provided for the ADB project 50316-001 in Pakistan.

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National Disaster Risk Management Fund: Environmental Monitoring Report (July-December 2022)

| December 2022
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Environmental monitoring reports describe the environmental issues or mitigation measures of a project.

This document dated December 2022 is provided for the ADB project 50316-001 in Pakistan.

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National Disaster Risk Management Fund: Social Monitoring Report (July-December 2022)

| December 2022
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Environmental and social monitoring reports provide the status of environmental or social issues or mitigation measures related to project implementation.
Social monitoring reports provide the status of social issues or mitigation measures related to project implementation.

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ADB Invests $25 Million in Quadria Capital Fund III for Health Care Investments in Developing Asia

News Release | 17 January 2023
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MANILA, PHILIPPINES (17 January 2023) — The Asian Development Bank (ADB) signed a $25 million equity investment with Quadria Capital Fund III LP (Quadria III) to enhance the quality, accessibility, and affordability of health care in Southeast Asia and South Asia by supporting the growth of health care companies in these regions. 

Managed by Quadria Capital, Quadria III has a target size of $800 million, which will be used to provide fresh capital to established companies operating in health care services, pharmaceuticals and life sciences, medical devices and consumables, health technology, as well as consumer health care distribution and retail segments. Average investments are expected to range from $70 million to $200 million, with larger investments expected to mobilize co-investment capital. The fund may also selectively invest in early-stage health care companies.

“As one of the few health care funds dedicated to Southeast Asia ADB is excited to partner with Quadria Capital in this important sector,” said ADB Private Sector Investment Funds and Special Initiatives Division Director Janette Hall. “Through its investment, ADB will help Quadria III implement a gender impact tool to identify health care investments that address gender inequalities, promote women as a source of innovation, and support women’s empowerment.”

Founded in 2012, Quadria Capital is a private equity firm based in Asia focusing on health care, with over $ 1.6 billion in assets under management. This is ADB’s first investment in a health care fund managed by Quadria Capital. 

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members — 49 from the region.

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  • Philippines
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Health Sector Development Program: Audited Project Financial Statements (July 2021-June 2022)

Audited Project Financial Statements | December 2022
  Download (Free: 5.4 MB )

Annual audited project financial statements for sovereign operations provide project financial information prepared in accordance with generally accepted accounting principles and audited by an independent certified public accountant.

This document dated 29 December 2022 is provided for the ADB project 51141-002 in Bhutan.

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Grant Agreement (Special Operations) for Grant 0856-REG: Greater Mekong Subregion Border Areas Health Project

| December 2022
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Grant agreements outline the terms of an agreement for a grant.

This document dated 22 December 2022 is provided for the ADB project 53290-001 in Cambodia.

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Loan Agreement (Ordinary Operations [Concessional]) for Loan 4233-REG: Greater Mekong Subregion Border Areas Health Project

| December 2022
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Loan agreements outline the terms of an agreement for a loan.

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Technical Assistance Reports | December 2022
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Technical assistance reports provide the context and background of the project, and provide information on impacts and outcomes, key activities, estimated costs, financing, and implementation arrangements.

This document dated December 2022 is provided for the ADB project 56069-002 in Georgia.

Linked Documents
  1. Terms of Reference for Consultants
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