Denmark’s Ministry of Foreign Affairs administers development cooperation, overseeing the planning, implementation, and quality assurance of the country’s initiatives. Denmark’s development cooperation strategy aims to combat and prevent poverty and inequality, address conflict, displacement, and irregular migration, and enhance resilience to climate change. This strategy, which forms the foundation of Denmark’s development cooperation from 2024 to 2027, prioritizes climate diplomacy and green development and humanitarian assistance.
As part of its climate finance initiatives, Denmark pledged a $100 million guarantee in 2024 to ADB’s Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP). The IF-CAP initiative aims to support climate mitigation and adaptation projects across Asia and the Pacific, helping countries reduce greenhouse gas emissions and build resilience to climate impacts. This innovative approach allows ADB to increase its lending capacity and invest in critical climate projects, aligning with global efforts to combat climate change.
Denmark is a founding member of ADB and has, since 1966, committed a total of $277.1 million to special funds. Of this commitment, $265.2 million is for the Asian Development Fund (ADF). The ADF provides grants to ADB’s low-income, developing member countries to help reduce poverty and improve quality of life.
Danish Government's Official Document on Development Cooperation Priorities for 2024
12 November 2024
ADB joined with partners to show their commitment to climate change financing at a kick-off event at the Conference of the Parties 29 for the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP).
3 May 2024
Donors and ADB have agreed to a replenishment of $5 billion for ADB’s Asian Development Fund 14 and Technical Assistance Special Fund 8. The commitment was made during ADB’s 57th Annual Meeting.
ADB is heavily invested in the Pacific by promoting energy efficiency and renewable energy resources, expanding access to energy, and promoting energy sector reform, capacity building, and effective governance.
A new solar power supply financed by ADB’s Asian Development Fund, Australia, and donors in Europe is boosting the private sector and ushering in a clean energy revolution in Tonga.
ADB and Denmark collaborated on several knowledge products and/or events including the following:
This publication offers insights into the Innovative Finance Facility for Climate in Asia and the Pacific.
This presentation gives an overview of ADB’s work on Sustainable Development Goals, Strategy 2030, and the Circular Economy.
This webinar was organized by the State of Green Denmark and ADB’s European Representative Office to learn how Sri Lanka is going green.
Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.
Denmark contributes to ADB’s development initiatives through two key avenues: Cofinancing and Special Funds.
Over the last 5 years, there are no project-specific cofinancing and trust funds contribution.
Denmark’s contribution to ADB’s Special Funds are as follows: Asian Development Fund ($265.2 million); and Technical Assistance Special Fund ($11.9 million).
Nonsovereign Cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported 9 transactions valued at $3.2 million with banks domiciled in Denmark from 2009 to 2024. During the same period, the TSCFP supported over 60 Danish exports and/or imports valued at $79.1 million. In 2024 alone, the TSCFP supported 3 transactions valued at $0.6 million with banks domiciled in the Denmark and supported 5 Danish exports and/or imports valued at $0.7 million. Exports and/or imports were mainly to/from Viet Nam, Bangladesh, and Mongolia. Underlying goods involved mostly food and agriculture-related goods, industrial machinery and capital goods, as well as medical and pharmaceuticals.
