ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners, ADB provides quality development solutions to solve the region’s complex challenges.
Founded in 1966, ADB is owned by 69 members—50 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Funds and Resources
ADB offers loans, grants, and technical assistance from Special Funds, Trust Funds, and other sources to help reduce poverty in Asia’s poorest countries.
英特尔取消举办了20年的开发者大会 转办小型活动
百度 据了解，西山国家森林公园里最为著名的“西山晴雪”景观将于下周呈现在市民游客眼前。What is the fund?
The ASEAN Infrastructure Fund is a dedicated fund established by the ASEAN member nations and ADB to address the ASEAN region's infrastructure development needs by mobilizing regional savings, including foreign exchange reserves. All ASEAN Infrastructure Fund-financed infrastructure projects are also cofinanced by ADB funds. The ASEAN Infrastructure Fund is an integral part of ASEAN’s efforts to strengthen regional connectivity.
ADB is the ASEAN Infrastructure Fund's administrator, and ADB also provides technical support. ADB's Regional Cooperation and Operations Coordination Division, Southeast Asia Department, is the focal point for the administration of the ASEAN Infrastructure Fund. ADB also acts as a cofinancier and the lender of record for the ASEAN Infrastructure Fund loans.
What are the priorities?
The fund provides loans to finance infrastructure investment projects in the transport, energy, water and sanitation, environment and rural development, and social infrastructure sectors. Examples include renewable energy plants, roads or highways, and transmission and power grid development.
In 2018, recognizing the need to make infrastructure financing accessible to all, as well as the urgency to mobilize green finance in response to the region’s climate and environmental concerns, two new facilities were created within the fund on a three-year pilot basis: an Inclusive Finance Facility and an ASEAN Catalytic Green Finance Facility. The Inclusive Finance (IF) Facility will offer limited concessional loans to members that fall within ADB’s Group A classification. The ASEAN Catalytic Green Finance Facility (ACGF) aims to leverage the fund’s existing resources to bridge the viability gap for green infrastructure projects and attract private capital into these projects, helping member countries achieve environmental and climate targets.
The fund's projects are part of ADB's project pipeline, based on ADB’s Country Partnership and Strategy and Country Operations Business Plan with the member countries. The fund project pipeline is confirmed by the respective ASEAN developing member countries through ADB's country programming missions, and must also be approved by the fund's Board of Directors.
What kind of activities are eligible for the fund?
The fund provides financing to sovereign or sovereign-guaranteed projects in the ASEAN region.
For projects to be financed under the ACGF, the project will need to fulfill key eligibility criteria, particularly: a) financial sustainability indicators (which will be based upon typical project finance targets such as Debt Service Coverage Ratio, etc.); b) clear environmental goals and targets; and c) a roadmap for attracting private capital investments. Concessional funds from other development partners and climate donors are intended to be raised to support the impact of the ACGF to create a larger pool of funds to deploy, as well as to improve the blended cost of funds available for green infrastructure projects.
Project proponents for national and subregional infrastructure projects in ASEAN developing countries can apply for funding to be cofinanced by ADB and the fund.
Who supports the fund?
Shareholders include Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Viet Nam, and ADB.
The fund, with ADB as its administrator, builds partnerships with other development partners for cofinancing, knowledge sharing and cooperation in the development of the ACGF.