Asian Development Fund
Asian Development Fund At A Glance
The Asian Development Fund is the concessional loan fund of the Asian Development Bank that offers loans at exceedingly low interest rates and provides poverty reduction grants for Asia’s poorest countries.
Since 1973, the Asian Development Fund (ADF) has functioned as the concessional loan fund of the Asian Development Bank (ABD) to offer loans at exceedingly low interest rates and poverty reduction grants for Asia’s poorest countries. It is the largest of the nine “special funds” available for development initiatives within the ADB. It focuses on initiatives in energy, transport, water and sanitation, education and microfinance, and since its inception has provided more than $50 billion for projects and programs aimed at poverty reduction. Demands for concessional funding far outstrips the ADF’s capacity, thus the fund relies on two criteria: gross national income (GNI) per capita and creditworthiness. Some countries may qualify for solely ADF funding, while others may be “blend” states that receive various types of funding; there are currently 17 ADF-only countries and 12 blend countries. Its resources are derived from a combination of ADB member contributions and non-regional partners. Non-regional members contribute approximately 51 percent of total pledged resources, and top non-regional donors include the United States, Australia, Canada, Germany, the United Kingdom and France. Donors meet periodically to plan fund replenishment, and an annual consultation with donors is conducted “to monitor progress of the ADF’s utilization and implementation during the replenishment period.”
Amended: August 10, 2012