In today’s fast-changing world, solving complex challenges requires collaboration and innovation.
ADB works closely with its partners to develop targeted solutions that address the unique needs of its developing member countries. By combining expertise, resources, and financing, these partnerships maximize impact and create more effective, lasting solutions.
Financing partnerships have led to remarkable achievements across various sectors. Projects have been implemented that improve infrastructure, enhance health care, promote education, and protect the environment. From sustainable energy projects to health care initiatives, collaboration has proven key to overcoming the world’s most complex challenges. Together, more can be achieved.
ADB collaborates with a diverse range of partners, from international development agencies, nongovernment or civil society organizations, philanthropies, bilateral and multilateral institutions, the private sector, and other emerging development entities. These partners directly contribute through the various cofinancing modalities of the bank, helping scale up development efforts.
This section highlights the financing partners with active sovereign cofinanced projects and technical assistance and those with contributions committed to trust funds in 2024.

bilateral partners.
Australia • Austria • Belgium • Canada • Denmark • Finland • France • Germany • India • Ireland • Italy • Japan • Kingdom of Saudi Arabia • Luxembourg • Netherlands • New Zealand • Norway • People's Republic of China • Republic of Korea • Spain • Sweden • Switzerland • Taipei,China • Thailand • United Kingdom • United Statesmultilateral partners.
ASEAN Infrastructure Fund • Asian Infrastructure Investment Bank • Climate Investment Funds • European Bank for Reconstruction and Development • European Investment Bank • European Union • Global Agriculture and Food Security Program • Global Environment Facility • Global Partnership for Education Fund • Global Road Safety Facility • Green Climate Fund • International Financing Facility for Education New • Islamic Development Bank • New Development Bank • Nordic Development Fund • OPEC Fund for International Development • Pandemic Prevention, Preparedness, and Response Trust Fund New • South Asian Association for Regional Cooperation Development Fund • The Pacific Community • United Nations • Women Entrepreneurs Finance Initiative • World Bank GroupIn 2024, ADB worked with 12 bilateral partners, 8 multilateral partners, 6 global funds, and numerous other partners on 171 sovereign and 63 nonsovereign projects, technical assistance, programs, and transaction advisory services. It also administered 49 trust funds, including 5 newly established ones that support the private sector, climate action, nature-based solutions, and education. Trust funds enable partners to contribute and channel grants to specific countries or development themes.
Zooming in on sovereign cofinancing, commitments from partners reached 46.2 billion, with contributions from various partners as follows:
- bilateral partners accounted for 47% of sovereign cofinancing, totaling $2.9 billion and supporting 35 projects and TA.
- multilateral partners and global funds accounted for 50%, totaling $3.1 billion for 43 projects and TA.
- Trust funds provided the remaining 3%, channeling support to targeted projects and programs.

Breaking it down further,
loan cofinancing totaled $5.7 billion for 25 projects, with $2.8 billion (49%) coming from bilateral partners.
grant cofinancing reached $298.6 million for 30 projects, with $130.1 million (44%) sourced from multilateral partners and global funds.
TA grant cofinancing reached $210.8 million for 120 TA projects, with $146.9 million (70%) funded through trust funds.

Partnership Framework Agreements
Partners keen on a strategic, long-term collaboration may agree with ADB on a framework that guides cofinancing and joint initiatives for a specific period. In such cases, ADB and the financing partner sign a partnership framework agreement (PFA) to formalize and define the partnership in broad terms. The PFAs—also expressed as framework cofinancing arrangements, memoranda of understanding, and similar terms—facilitate better strategic collaboration, cooperation, and complementarity.
ADB currently has 20 active PFAs. These agreements will promote collaboration on regional development challenges, climate change, and public-private partnerships.
Bilateral Partners
Australia
9 July 2021–31 December 2025
Assists developing member countries in the Indo-Pacific region to reduce poverty, build back better, and achieve inclusive and sustainable economic growth.
People’s Republic of China
4 May 2009–Continuous
Collaborates with the Export-Import Bank of China in setting $1.5 billion for infrastructure projects.
France
12 October 2022–12 October 2028
Sets joint financing target of $3 billion with ADB for 2022–2025. Areas of collaboration include natural resource management and biodiversity, the blue economy, and social imbalances and inequalities. The scope of this collaboration has been expanded to include the Pacific region.
Germany
2 July 2014–31 December 2025
Cofinancing target of $8 billion, focusing on energy, urban mobility, climate finance, financial inclusion, vocational training, regional integration, and health.
Republic of Korea
4 May 2024–3 May 2027
Aims to support public–private partnerships and strengthen technical assistance and feasibility studies support through the ADB-administered Republic of Korea e-Asia and Knowledge Partnership Fund. The collaboration earmarked $2 billion in cofinancing for ADB sovereign operations over the next 3 years. This funding will support climate change–related projects, as well as initiatives in transport, energy, agriculture, education, governance reform, health, and information and communication technology. Of this amount, $800 million is earmarked for projects in India.
Multilateral Partners
Asian Infrastructure Investment Bank
- 13 October 2023–12 October 2029
- 13 November 2024–13 November 2029
- Sets out the framework for cofinancing future development projects and programs and exchanging of information.
- Sets to promote greater investment in the Asia and Pacific region and recognize the importance of deepening engagement and developing an agenda focused on achieving greater impact and scale in addressing development, climate, and other challenges of their developing member countries.
Eurasian Development Bank
2 March 2021–2 March 2026
Sets a funding envelope of $1 billion focusing on transport, energy, public services, and agriculture projects.
European Bank for Reconstruction and Development
21 November 2011–Continuous
Procurement framework arrangement for projects related to public sector management and policy and results-based lending.
European Investment Bank
2 November 2021–2 November 2026
Collaborates on private sector and public–private partnerships, climate action and environmental sustainability, specifically renewable energy and energy efficiency.
European Union
27 January 2023–26 January 2027
Advances the implementation of the 2030 Agenda for Sustainable Development and supports partner countries’ efforts to achieve the Sustainable Development Goals.
Green Climate Fund
13 July 2023–12 July 2028
Allows ADB to continue accessing the Green Climate Fund’s resources to support its climate mitigation and adaptation initiatives in Asia and the Pacific.
New Development Bank
23 June 2022–23 June 2027
Sets out areas for strategic cooperation and intends to collaborate across sectors and themes, collaborate on financial assistance for infrastructure and sustainable development projects, and foster knowledge partnership.
Nordic Development Fund
19 January 2011–Continuous
Institutional cooperation and cofinancing of programs and projects, including those for climate change mitigation and adaptation.
Pandemic Prevention, Preparedness, and Response Trust Fund
25 January 2023–8 September 2030
Outlines arrangements for the commitment and transfer of resources to ADB, and the administration and use of the fund’s resources dedicated to strengthening pandemic prevention, preparedness, and response capabilities in low- and middle-income countries.
Saudi Fund for Development
11 October 2023–10 October 2028
Facilitates collaboration in promoting initiatives that foster social and economic development, such as cofinancing infrastructure projects and collaborating toward the Sustainable Development Goals, in ADB’s developing member countries.
South Asian Association for Regional Cooperation (SAARC) Development Fund
10 December 2024–10 December 2027
Focuses on the economic development and social progress of the SAARC region.
World Bank Group
1 January 2002–Continuous
Develops further cooperative efforts and memorializes administrative arrangements to promote increased effectiveness of assistance programs.
Others
Education Above All Foundation
8 December 2024–8 December 2029
Targets an initial combined financial commitment of up to $100 million, following a 60 (ADB): 40 (Education Above All Foundation) cofinancing ratio, toward enrolling at least 320,000 out-of-school children in primary education.
The Energy Foundation
5 June 2024–5 June 2029
Facilitates consultation and information sharing to support programs and activities promoting the global clean energy transition, fighting against climate change, accelerating low-carbon transformation of the economy and society, and advancing sustainable prosperity.