Aid Type
Objectives
The Asian Development Fund (ADF) bridges the development gap in Asia and the Pacific, home to both the world’s fast-rising and most vulnerable economies. ADF is a major instrument of concessional financing that has supported equitable and sustainable development in the region since 1973. Funded by ADB's member countries, it offers loans at very low interest rates as well as grants to help reduce poverty in ADB's poorest member countries.
Global Funding Allocation (Donor Currency)
USD $6.9 billion committed in 2013 - 14
Global Funding Allocation (USD)
6,900,000,000
Status
Co-financing Required?
Yes
Financing Modality
Contact Details
Strategy and Policy Dept., ADB - +632 632 4444
Website
www.adb.org/site/adf
Application Procedure
After distributing ADF resources according to the current PBA formula, ADB determines the proportion of grant assistance based on countries´ debt-distress classification
Sectoral Focus
Country Focus