In 2024, ADB’s partners committed $6.2 billion to support sovereign loans, grants, and technical assistance. Of this, $6 billion was coursed through 69 project-specific cofinancing (PSC) and $188.8 million through 113 trust funds–supported projects.
These PSCs were supported by 26 financing partners, comprising 12 bilateral partners, 8 multilateral partners, and 6 global funds.
Bilateral partners in 2024 committed about $2.9 billion across 35 projects. The Republic of Korea committed $1.1 billion to 4 projects. France provided $1 billion for 8 projects. Australia supported the most number of projects (12).
Multilateral partners including global funds committed about 50% or $3.1 billion to 45 projects in 2024. The World Bank committed $960 million to 5 projects. Asian Infrastructure Investment Bank supported 5 projects amounting to $947.2 million.
Overall, there is a relatively balanced distribution of funding between bilateral and multilateral partners.
Partner-supported projects played a key role in strengthening infrastructure, governance, agriculture, and energy security. Three sectors received a combined 84% of all project-specific cofinancing in 2024, namely:
- Transport received the highest commitment at $1.7 billion for 6 projects.
- Public sector management received $1.1 billion across 17 projects, underscoring the need to strengthen public institutions and governance frameworks.
- Water and urban infrastructure received $1.1 billion for 26 projects.
Commitments to specific projects in 2024 were in the form of loans and grants (grants for investments and technical assistance). Partners provided $5.7 billion through loans, $256.7 million in grants for investment projects, and $63.9 million as grants for technical assistance.
Most project-specific cofinancing (PSC) in 2024, both in volume and amount, were directed to Southeast Asia, South Asia, and Central and West Asia. Together, these regions accounted for 71% total PSC commitments ($5.5 billion). Significant portions of this funding were directed to India and the Philippines, each receiving approximately $1.4 billion, and Indonesia, which had a $1 billion share for nine projects. Indonesia also received the highest number of PSCs while Nepal and India have seven and six projects.
