ADF provides grants to ADB's lower-income developing member countries. Established in 1974, the ADF initially provided loans on concessional terms. Activities supported by the ADF promote poverty reduction and improvements in the quality of life in the poorer countries of the Asia and Pacific region.
ADB’s $30 million grant is helping provide an inclusive, market-responsive technical and vocational education and training (TVET) system in the Kyrgyz Republic. More than 4,000 students are now learning vital skills at upgraded TVET colleges.
ADB has approved $38 million in contingent disaster financing to help Kiribati, Samoa, Solomon Islands, and Tonga respond to disasters triggered by natural hazards and health emergencies.
ADB and Monsoon Wind Power Company Limited signed a $692.55 million nonrecourse project financing package to build a 600-megawatt wind power plant in Sekong and Attapeu provinces in the southern region of the Lao People’s Democratic Republic.
ADB worked with Nepal following the 7.8 magnitude earthquake on 25 April 2015 and the devastating aftershock on 12 May 2015 that cost 9,000 lives and destroyed thousands of structures in Kathmandu and nearby towns.
ADF resources mainly come from contributions of ADB's member countries, mobilized under periodic replenishments, and net income transfers from ADB's ordinary capital resources. The twelfth replenishment (ADF 13) will support grant operations between 2021-2024 and is the first ADF to support the implementation of ADB’s corporate strategy—Strategy 2030—during its full cycle.
ADB uses a three-tier developing member country classification system determined by two criteria: gross national income per capita (Atlas method) and creditworthiness.
The past 50 years have been a time of rapid change for the region and the ADF.
From being the poorest region of the world, Asia and the Pacific has become one of the key engines of global growth. As a result, the number of poor living on less than $2.15 a day in the region was reduced drastically from over a billion in 1973 to around 200 million today.
The ADF is proud to be a steadfast partner in this process of growth and development. As ADB’s largest Special Fund and ADB’s main source of grants, the ADF remains critical to building resilience and sustainability in ADB’s poorest and most vulnerable DMCs.
Strategy, Policy and Partnerships Department (SPD)
Asian Development Bank
6 ADB Avenue, Mandaluyong City 1550
Metro Manila, Philippines