Loan agreements outline the terms of an agreement for a loan.
This document dated 29 May 2023 is provided for the ADB project 57035-001 in Sri Lanka.
Concept papers provide the general information and description of a proposed project.
This document dated June 2023 is provided for the ADB project 56284-001 in Kiribati.
Initial Poverty and Social Analysis (IPSA) provides an initial poverty and social assessment of people who may be beneficially or adversely affected by a project.
This document dated May 2023 is provided for the ADB project 51059-004 in Azerbaijan.
Concept papers provide the general information and description of a proposed project.
This document dated May 2023 is provided for the ADB project 51059-004 in Azerbaijan.
The special policy-based loan (SPBL) is part of a comprehensive economic reform program led by the International Monetary Fund (IMF), which is underpinned by a new 48-month Extended Fund Facility (EFF) arrangement, approved by the IMF board on 20 March 2023 to restore macroeconomic stability and debt sustainability, mitigate the economic impact on the poor and vulnerable, safeguard financial stability, and strengthen governance and medium-term growth potential.
The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.
This document dated May 2023 is provided for the ADB project 57035-001 in Sri Lanka.
Technical assistance completion reports describe for technical assistance projects the expected impact, outcome and outputs; conduct of activities; evaluation and achievement of the expected outcomes; an assessment and rating; major lessons; and recommendations and follow-up actions.
This document dated April 2023 is provided for the ADB regional project 53076-001.
SYDNEY, AUSTRALIA (21 March 2023) — Commercialization is an important tool in the arsenal of Pacific state-owned utilities as they seek to decarbonize and mitigate climate change-related risks, according to a new Asian Development Bank (ADB) report.
Finding Balance 2023: Benchmarking Performance and Building Climate Resilience in Pacific State-Owned Enterprises compares the performance of state-owned enterprises (SOEs) in nine Pacific island countries—Fiji, Kiribati, the Marshall Islands, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, and Vanuatu—and tracks the progress of SOE commercialization in the region.
“Increasing the commercial orientation of Pacific state-owned utilities not only improves their performance but may make them more responsive to commercial incentives to decarbonize and invest in climate change adaptation,” ADB Pacific Liaison and Coordination Office Officer-in-Charge Matt Hodge said. “Where possible, governments should seek to incorporate private sector participation into the provision of SOE services.”
Finding Balance 2023, produced by the Pacific Private Sector Development Initiative (PSDI), has a special focus on the risks posed by climate change, and how Pacific governments and state-owned utilities can manage its effects and build resilience.
The report finds that Pacific state-owned utilities may be more inclined to respond to climate change-related challenges if they operate in a policy environment conducive to commercialization.
Potential steps include the introduction of climate-related financial risk disclosures, the raising of capital to finance public investment in climate resilience and decarbonization, and the leveraging of private investment to expand renewable energy generation.
The report, which focuses on the period 2015–2022, shows that SOEs in the Pacific have improved their returns but are still failing to cover their cost of capital.
Only two of the nine Pacific SOE portfolios assessed in Finding Balance 2023 produced a return that covered their cost of capital between 2015 and 2020, while three SOE portfolios produced average returns on assets and/or average returns on equity below zero.
In most surveyed countries, these low SOE returns were achieved despite subsidized capital, monopoly market power, and ongoing government cash transfers.
PSDI is an ADB technical assistance program undertaken in partnership with the governments of Australia and New Zealand. PSDI supports ADB's 14 Pacific developing member countries to improve the enabling environment for business and to achieve inclusive, private sector-led economic growth.
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.
ADB Signs $44.2 Million Blue Loan with ALBA to Reduce Ocean Plastic Waste in Indonesia
JAKARTA, INDONESIA (6 June 2023) — The Asian Development Bank (ADB) signed a $44.2 million blue loan with PT ALBA Tridi Plastics Recycling Indonesia, an ALBA Group Asia company, to establish a polyethylene terephthalate (PET) recycling facility in Central Java.
ADB and the Leading Asia's Private Infrastructure Fund (LEAP) will each provide $22.1 million in funding for the project. Blue loans are financing instruments that aim to safeguard access to clean water, protect underwater environments, and invest in a sustainable water economy.
ADB Records $11.4 Billion in Cofinancing, Focused on Resilience Against Economic Shocks
The financing partners of the Asian Development Bank (ADB) committed $11.4 billion in cofinancing of ADB projects in 2022 to help build the resilience of developing member countries and enable them to withstand economic shocks, according to the Partnership Report 2022: Driving Growth, Boosting Resilience.
ADB Helps Launch Vocational Education Project in PNG
ADB and the governments of Australia and Papua New Guinea today launched a cofinanced project to improve the country’s technical and vocational education and training program.
ADB to Focus on Robust, Climate-Resilient, and Inclusive Growth in India
ADB has launched a new country partnership strategy for India with a focus on deepening its engagement with the country and supporting India’s drive for robust, climate-resilient, and inclusive growth.
This publication reviews the financial performance of state-owned enterprises (SOEs) in nine Pacific island economies and looks at how policy makers can help state-owned power utilities address climate risk.
NUKU’ALOFA, TONGA (16 March 2023) — Tonga has one of the strongest governance and monitoring frameworks for state-owned enterprises (SOEs) in the Pacific region, but more reforms are needed to advance SOE commercialization, a new Asian Development Bank (ADB) report says.
Finding Balance 2023: Benchmarking Performance and Building Climate Resilience in Pacific State-Owned Enterprises compares the performance of SOEs in nine Pacific island countries—Fiji, Kiribati, the Marshall Islands, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, and Vanuatu—and tracks the progress of SOE commercialization in the region.
The report’s findings were discussed by government, business, and civil society representatives at a launch event today in Nuku’alofa.
“Tonga’s SOE governance and monitoring framework is robust, but maintaining commercial returns requires the continued participation of the private sector, as well as ongoing political commitment,” ADB Pacific Liaison and Coordination Office’s Officer-in-Charge Matt Hodge said.
The average returns among the country’s 12 surveyed SOEs have dropped sharply since 2018 as escalating costs, exacerbated by the COVID-19 pandemic, outpaced revenues. The average return on equity for Tonga’s SOEs fell from 4.7% (2010–2018) to 3.1% (2019–2020), while the average return on assets fell from 2.9% to 1.6% over the same period.
However, the Government of Tonga’s endorsement of skills-based SOE director selection guidelines in 2020, as well as the amendment of Tonga’s Public Enterprises Act in 2020 and regulations in 2021, augurs well for future performance.
Finding Balance 2023, produced by the Pacific Private Sector Development Initiative (PSDI), has a special focus on the risks posed by climate change, and how Pacific governments and state-owned utilities can manage its effects and build resilience.
The report finds that state-owned utilities that are more commercialized may be more inclined to respond to incentives to decarbonize and invest in protecting their assets. It also shows that SOEs in the Pacific have improved their returns, but are still failing to cover their cost of capital.
PSDI is an ADB technical assistance program undertaken in partnership with the governments of Australia and New Zealand. PSDI supports ADB's 14 Pacific developing member countries to improve the enabling environment for business and to achieve inclusive, private sector-led economic growth.
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.
FINDING BALANCE 2023 KEY FINDINGS—TONGA
TONGA SOE REFORM HIGHLIGHTS, 2015–2022:
ADB Signs $44.2 Million Blue Loan with ALBA to Reduce Ocean Plastic Waste in Indonesia
JAKARTA, INDONESIA (6 June 2023) — The Asian Development Bank (ADB) signed a $44.2 million blue loan with PT ALBA Tridi Plastics Recycling Indonesia, an ALBA Group Asia company, to establish a polyethylene terephthalate (PET) recycling facility in Central Java.
ADB and the Leading Asia's Private Infrastructure Fund (LEAP) will each provide $22.1 million in funding for the project. Blue loans are financing instruments that aim to safeguard access to clean water, protect underwater environments, and invest in a sustainable water economy.
ADB Records $11.4 Billion in Cofinancing, Focused on Resilience Against Economic Shocks
The financing partners of the Asian Development Bank (ADB) committed $11.4 billion in cofinancing of ADB projects in 2022 to help build the resilience of developing member countries and enable them to withstand economic shocks, according to the Partnership Report 2022: Driving Growth, Boosting Resilience.
ADB Helps Launch Vocational Education Project in PNG
ADB and the governments of Australia and Papua New Guinea today launched a cofinanced project to improve the country’s technical and vocational education and training program.
ADB to Focus on Robust, Climate-Resilient, and Inclusive Growth in India
ADB has launched a new country partnership strategy for India with a focus on deepening its engagement with the country and supporting India’s drive for robust, climate-resilient, and inclusive growth.
Agreements outline the terms of an agreement between ADB and development partners, or borrowers.
Loan agreements outline the terms of an agreement for a loan.
