Partnering for development: ADB Donor Report 2018

ADB partners benefit from the wide range of financing options as they seek to begin or expand their commitment to developing Asia and the Pacific as well as support ADB’s strategic priorities as indicated in its Strategy 2030. The donor report is intended for current and prospective official and other concessional development financing partners of ADB.

Partnerships have empowered the Asian Development Bank (ADB) to provide help where it is most needed—building roads that significantly cut travel time and make remote areas more accessible, enabling governments to establish and maintain order through national plans or policies, and pilot-testing technologies that give large numbers of people sustainable access to water or energy, among other forms of assistance. Cofinancing with bilateral, multilateral, and other partners allows ADB to extend or scale-up development projects, and thus change more lives for the better.

Thanks in large measure to these partnerships, ADB operations reached $35.82 billion in 2018. Cofinancing totaled $14 billion—17% more than the $11.92 billion in 2017— leveraged by $21.58 billion in ADB’s own loans, grants, guarantees, and equity investments. Official and other concessional co-financing for both investment projects and technical assistance attained a record high of $7.19 billion, after dipping to $6.16 billion in 2017, while commercial cofinancing continued to grow, increasing by $1 billion, to $6.81 billion.

ADB’s Strategy 2030 remains focused on building strong partnerships with diverse institutions, such as private and public financial institutions, as well as traditional and new development partners. This requires developing a new framework to better define, promote, and assess sovereign cofinancing; strengthening donor coordination and relationship management; and improving grant and trust fund mobilization to respond suitably to the financial needs of developing member countries, drive innovation and change, and support knowledge services.

Read and download: Partnering for Development: Donor Report 2018

Original source: ADB
Published on 20 May 2019