The Asian Development Bank’s Annual Donor Consultation Meeting for Financing Partnership Facilities and Cooperation Funds is currently in session, bringing together the bank’s officials and various stakeholders of two financial instruments that involve strong collaboration – financing partnership facilities and cooperation funds.
ADB defines financing partnership facilities as “operational ‘platforms’ for strategic, long-term and multipartner cooperation that link various forms of assistance in a coordinated manner for well-defined purposes.” Cooperation funds, on the other hand, are multidonor trust funds created to finance sector-specific programming.
Below is a list of the top ADB-administered or financed partnership facilities and other trust funds, all tailor-fit to the development and sector priorities of recipient countries.
Asian Tsunami Fund
Current donors: Australia and Luxembourg
Year established: 2004
Eligible recipients: Government agencies and nongovernmental organizations from India, Indonesia, Maldives, Sri Lanka and Thailand
Established in response to the needs of Asian countries devastated by the 2004 tsunami, the ATF aims to pool and immediately deliver emergency grants for eligible recipients. The fund supports sectors that include agriculture, infrastructure and disaster management.
Japan Fund for Poverty Reduction
Current donors: Japan
Year established: 2000
Eligible recipients: Government agencies and nongovernmental organizations from ADB developing member countries
JFPR aims to provide grants for projects supporting poverty reduction and social development. In 2010, the fund added technical assistance to its portfolio. The JFPR prioritizes innovative programs designed or implemented by local communities or NGOs.
Asia Pacific Carbon Fund
Current donors: Climate Cent Foundation (Switzerland), Fundo Portugues de Carbono (Portugal), The Grand Duchy of Luxembourg, Swedish Energy Agency and the governments of Belgium, Finland and Spain
Year established: 2007
Eligible recipients: Government agencies and nongovernmental organizations from ADB developing member countries
Established as part of ADB’s ongoing Carbon Market Program, APCF aims to increase the number of clean energy and energy efficiency projects. The fund aims to assist Asian countries in fulfilling their emission reduction commitments under the Kyoto Protocol.
Clean Energy Financing Partnership Facility
Current donors: Global Carbon Capture and Storage Institute and the governments of Australia, Norway, Spain, Sweden and Japan
Year established: 2007
Eligible funding recipients: Government agencies and nongovernmental organizations from ADB developing member countries
CEPF aims to improve energy security in the Asia-Pacific region’s developing countries. It finances mostly renewable energy projects.
Afghanistan Infrastructure Trust Fund
Current donors: Japan and United Kingdom
Year established: 2010
Eligible recipients: Afghan Ministry of Finance
Recognizing the investment deficit in Afghanistan’s infrastructure sector, AFTF aims to pool funds that will support livelihood-enhancing infrastructure projects. Areas of support include energy, irrigation, mining and transportation.
Urban Financing Partnership Facility
Current donor: Sweden
Year established: 2009
Eligible recipients: Government agencies and nongovernmental organizations from ADB developing member countries
UFPF aims to mobilize resources and provide technical assistance for urban infrastructure for the poor. The fund’s focus areas include energy, transportation, and water and sanitation.
Water Financing Partnership Facility
Current donors: Australia, Austria, the Netherlands, Norway, Spain and Switzerland
Year established: 2006
Eligible recipients: Government agencies and nongovernmental organizations from ADB developing member countries
Established to support the ADB-funded Water Financing Program, WFPF aims to utilize both financial resources and expertise from development partners. Apart from financing the WFP, the fund supports water-related institutional reforms and legislation.
Asia Pacific Disaster Response Fund
Current donor: ADB
Eligible recipients: Government agencies and nongovernmental organizations from ADB developing member countries
APFRF is quick to disburse grants during natural disasters and aims to provide emergency financing at a maximum of $3 million. Criteria for grant size are geographical extent of damage; initial estimate of death, injuries, and displaced persons; the response capacity of key agencies in the country; and date and magnitude of the last disaster that hit the recipient country.
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About the author
Juan Carlos Concepcion
Juan Carlos is a former analyst at the Devex Manila Office. A strong advocate of civic education, he also teaches undergraduate courses on Philippine politics and governance.
