OFFICIAL COFINANCING UNDER ADMINISTRATION

V. OFFICIAL COFINANCING UNDER ADMINISTRATION

Trust funds and project-specific loans and grants are key instruments to mobilize and channel financial resources from external sources to finance TA and components of investment projects. They play an important role in complementing ADB’s own resources. Multilateral, bilateral, public and private sector partners have contributed about $8,319 million in grants and loans to ADB operations. In 2017, ADB-approved projects for official and other concessional cofinancing under administration totaled $1,016.8 million, comprising $898.1 million for 27 investment projects and $118.8 million for 80 TA projects. Administered commitments from official and other concessional cofinancing amounted to $1,187.2 million, composed of $1,078 million for components of 36 investment projects and $108.8 million for 78 TA projects. By the end of 2017, ADB was

administering 47 trust funds, comprising 36 stand-alone trust funds, 22 and 11 trust funds established under financing partnership facilities. Of these, 28 have balances totaling $486 million. Additional contributions from external partners totaled $636 million in 2017, comprising $291 million in new commitments, $345 million in replenishments to existing trust funds, and $76.3 million in additional allocation from global funding initiatives.

Financing partners provided the following commitments and replenishments to existing trust funds in 2017:

(i) $224.9 million from the Government of Japan for the Japan Fund for Poverty Reduction, Japan Fund for the Joint Crediting Mechanism, High Level Technology Fund, Domestic Resource Mobilization Trust Fund, Leading Asia’s Private Infrastructure Fund, and Japan Scholarship Program;

(ii) $149.5 million from the Government of Canada for the Canadian Climate Fund for the Private Sector in Asia II;

(iii) $120.2 million from the Government of Germany for the Afghanistan Infrastructure Trust Fund and Asia Pacific Climate Finance Fund;

(iv) $60 million from ANA Trust Fund for the Afghanistan Infrastructure Trust Fund; (v)

$50 million from the Government of People’s Republic of China for the PRC Poverty Reduction and Regional Cooperation Fund;

(vi) $15 million from the Government of the Republic of Korea for the e-Asia and Knowledge Partnership Fund;

(viii) $4.8 million from the Government of Norway for the Clean Energy Fund under the Clean Energy Financing Partnership Facility; and

(ix) $1.8 million from the Government of Spain for the Spanish Cooperation Fund for Technical Assistance;

(x) $0.7 million from the Government of the United States for the Afghanistan Infrastructure Trust Fund.

Additional allocations from global funding initiatives comprised $27.3 million from the Climate Investment Funds, $31 million from the Green Climate Fund, and $18 million from the Global Environment Facility.

Japan Fund for Poverty Reduction. The Government of Japan established the JFPR in May 2000 to provide grants for projects supporting poverty reduction and related social development activities that add value to projects financed by ADB. In 2010, the JFPR expanded its scope of grant assistance to provide TA grants in addition to project grants. At the end of 2017, the JFPR received a total of $788.5 million in contributions from the Government of Japan, and funded 177 grant projects and 241 technical assistance projects since 2000.

Japan Scholarship Program. The Government of Japan established the JSP in 1988 to provide an opportunity for well-qualified citizens of DMCs to undertake postgraduate studies in economics, management, science and technology, and other development-related fields at selected educational institutions in Asia and the Pacific. Between 1988 and 2017, the Government of Japan has contributed $178 million to the JSP, and 3,660 scholarships were awarded to recipients from 37 member countries. Of the total, 3,303 have completed their courses. Women have received 1,382 scholarships. An average of 143 new scholarships per year has been awarded since 2008. At the end of 2017, JSP has 29 participating institutions in 10 countries.

As of 31 December 2017 ($ million)

Item

Amount Item

Amount

Bilateral Partners

Multilateral Partners

Australia 825.9 Asian Infrastructure Investment Bank 34.0 Austria

20.8 Association of Southeast Asian Nations 0.6 Belgium

0.5 Brunei Darussalam

18.3 Cities Alliance

936.4 Canada

0.3 Clean Technology Fund

0.1 China, People's Republic of

385.2 Commonwealth Secretariat

90.0 GEF/Least Developed Countries Fund 14.4 Denmark

35.0 GEF/Special Climate Change Fund 11.1 European Community

462.1 Global Agriculture and Food Security Program 41.9 Finland

231.4 France

62.7 Global Environment Fund

38.2 Global Partnership for Education Fund 0.7 Germany

0.2 India

123.4 Global Road Safety Partnership

0.9 International Federation of Red Cross Ireland

1.5 Italy

2.3 and Red Crescent Societies

0.5 Japan

2.2 Islamic Financial Services Board

1,605.3 International Fund for Agricultural Development 0.9 Korea, Republic of

55.0 Luxembourg

108.4 Nordic Development Fund

8.3 Partnership for Market Readiness

0.3 New Zealand

The Netherlands

405.4 Multi-Donor Trust Fund

52.5 Public Private Infrastructure Advisory Facility 1.3 Norway

408.3 Portugal

202.9 Strategic Climate Fund

15.7 Spain

0.6 Trust Fund for Forest

Taipei,China

0.5 Private Partners

United Kingdom and Bill and Melinda Gates Foundation 16.0 Northern Ireland

0.1 United States

1,344.3 Credit Suisse

12.7 Sub-Total

370.4 ENECO Energy Trade B.V.

6,508.8 Hewlett Foundation

The Rockefeller Foundation

8,319.2 − = nil, ( ) = negative, ADB = Asian Development Bank

Grand Total

Notes: 1. Numbers may not sum precisely because of rounding. 2. 0.0 = amount less than $0.05 million.

Excludes capital contributions to Credit Guarantee and Investment Facility (CGIF).

Management Item

Statutory

Management

Reporting Basis

Adjustments a Reporting Basis Reporting Basis

661 Investments for liquidity purpose

Due from banks

36,478 26,025 Securities transferred under repurchase arrangements

– Securities purchased under resale arrangements

102 Loans outstanding — operations

101,279 67,547 Unamortized net loan origination costs, less allowance for loan losses and fair value adjustment on concessional loans

52 Equity investments — operations

1,118 787 Other debt securities — operations

150 Accrued interest receivable