| Implementing organisations |
| Asian Development Bank |
| Financial weight at a glance |
| The fund represents around a value of $26,3bn at the end of 2004. In 2004, $1.24bn has been used to finance 47 projects (23.3% of the total amount of loans managed by the ADB [$5.3bn in 2004] benefit from the ADF). |
| Type of funds provided |
| Concessionary loans to low per capita GNP countries with limited debt repayment capacities.
For project loans, 32-year maturity including 8 years grace period. The rate of interest is 1% during the grace period and 1.5% during amortization period and equal amortization.
For quick-disbursing program loans the terms are: 24-year maturity including an 8-year grace period (1% interest charge).1.5% interest charge during the amortization period, and equal amortization. No commitment fee associated.
Allocation of ADF per country is determined according to the Performance-Based Allocation Policy (PBA)
Refer to:
www.adb.org/Documents/Policies/ADF/Performance_Based_Allocation/performance-based-allocation.pdf |
| Standard procedure in brief |
| Projects are submitted to ADB financing by central governments of the recipient country. They should be national, sub-regional or regional projects (possibly with urban components), complying with the Country Strategy Paper (CSP). The process for loan preparation under ADF financing follows the classical preparation steps related to ADB loans (incl. small scale technical assistance).
1) Fact finding
2) Selection and fielding of consultants
3) Inception review of the project (ADB)
4) Mid term review
5) Other review as necessary (ADB)
6) Final tripartite review
7) Optional fact finding
8) Management Review Meeting (MRM)
9) Optional: Appraisal and ADB Staff Review Committee or second MRM
10) Loan negotiation
11) Board Consideration (discussion when the loan exceeds $100m).
For further details refer to:
www.adb.org/Documents/Manuals/operations/OMD11_29oct03.pdf |
| Co-financing/required partnership |
| Required local counterparts for loans in most of cases. Co-financing may come from other ADB funds. |
| Activities funded |
| Policy support and policy reform, governance and capacity building for development management, investment in investment capacities, human development, infrastructure and services, regional co-operation. |
| Priorities to specifically consider for cities: |
| Social and economic development. The weight of expected impacts of project considered on good governance is increasing. |
| Urban sectors concerned |
| Water supply, wastewater, solid wastes, public transports, energy |
| Targeted countries in Asia |
| 25 borrowers (usually the less creditworthy). In 2004, the most important borrowers were Pakistan, Bangladesh, Viet Nam, Afghanistan, Nepal, Sri Lanka, Cambodia. |
| Project examples in Asia |
| 1) Water supply in Jaffna and wastewater in Colombo (components of the $570m 2005-2006 Infrastructure and Rehabilitation project - $90m from ADF)
2) Water supply and sanitation in small cities around Vientiane in Lao PDR (2000- 2005, $25m from ADF, 100% of the project funding)
3) Urban environmental Improvement project in HCMC, Viet Nam (2000-2005, $70m from the ADF). |
| Specific strategic documents: |
| www.adb.org/Documents/Policies/MTS/2001/default.asp
Refer also to the various Country Strategy and Programs, available on ADB web site. www.adb.org/Documents/CSPs/ |
| Web site address |
| http://www.adb.org/ADF/ |
| Contacts GEF Secretariat |
| Asian Development Bank
#6 ADB Avenue, Mandaluyong City
0401, Metro Manila, Philippines
+ 63 2 636 2444
+ 63 2 636 2456
|
