Development cooperation , 27.12.2012

Asian Development Fund AsDF XI

Description

The Asian Development Fund (ADF) offers loans at very low interest rates as well as grants to help reduce poverty in the Asian Development Bank's (ADB) poorest borrowing countries. The ADF XI replenishment negotiations concluded in April 2012 with a total replenishment of SDR 7.9 billion ($12.4 billion) to provide critical financial support to fight poverty in the Asia and Pacific region over the period 2013 to 2016. The key mandate of ADF XI period will be to reduce poverty in Asia and the Pacific through ADB’s Strategy 2020 and its three complementary development agendas: (i) inclusive growth, (ii) environmentally sustainable growth, and (iii) regional integration. ADF XI will also focus on Strategy 2020’s five core areas of operations: infrastructure, finance sector development, education, environment, and regional cooperation and integration (RCI). Within this strategic context, ADB will give special considerations to three special themes: gender, fragile and conflict-affected situations, and food security. Finland's contribution to ADF XI is 21 million EUR.

More information

http://www.adb.org/site/adf/replenishments/adf-11(layout.types.url.description)

Funding decision  27.12.2012

21 000 000 €

Field of activity

  • Multisector aid 100%

Funding channel

Aasian kehityspankin rahasto

Contact

keo-50

Code for the object of funding

80700185

ID

UHA2011-006694

Modified

16.07.2013