ADB and its financing partners pool financial resources, share the risks involved, and combine knowledge and technical expertise in planning and implementing development programs or projects.
ADB and Agence Fran?aise de Développement (AFD) signed an amendment to their Partnership Framework Agreement today, raising their joint cofinancing target to $6 billion for the period 2026–2028 from their previous 3-year target (2023–2025) of $3 billion. The additional cofinancing will support activities in key sectors.
ADB’s cofinancing operations in 2024 made a powerful impact, unlocking $14.9 billion from global partners to complement its $24.3 billion investment. The Partnership Report 2024 highlights the work of ADB and its partners in cofinancing development in Asia and the Pacific in the past year.
ADB and CGIAR, with support from the Gates Foundation, have launched a new initiative to boost investments in sustainable and low-carbon rice production with the aim of improving the lives of millions of vulnerable smallholder farmers across Asia and the Pacific.
ADB has appointed Seong-Wook Kim as Chief Partnership Officer. He will lead the bank’s resource mobilization and strategic engagement efforts under the Office of the President.
ADB committed $24.3 billion from its resources in 2024 to advance development across Asia and the Pacific. This funding supported 195 projects, 378 technical assistance initiatives, and over 27,600 transactions under private sector programs.
ADB’s financing partners played a crucial role, contributing an additional $14.9 billion in cofinancing. This included $6.2 billion for 171 sovereign projects and technical assistance (TA) projects, and $8.7 billion for 63 nonsovereign projects, TAs, trade and supply chain finance and microfinance programs, and transaction advisory services.
Mobilizes grants and loans from financing partnerships and public sector lending windows for ADB-supported projects and grants for ADB’s technical assistance operations.
Supports ADB’s developmental objectives by facilitating investment, trade, and capital flows into developing member countries.
The Strategic Partnerships Division manages partnerships and establishes cofinancing relationships with partners.
The Partner Funds Division administers single-donor trust funds, project-specific cofinancing, and global funding initiatives.
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