Asian Development Fund

Asian Development Bank (ADB)

ADB's Strategy 2020 vision of an Asia-Pacific free of poverty guides the Asian Development Fund (ADF) with three complementary development agendas: inclusive economic growth, environmentally sustainable growth, and regional cooperation and integration. ADB reaffirmed these strategic priorities in addressing the remaining and emerging challenges in the region in its Midterm Review of Strategy 2020.

Open to Applications : 
Application Time Frame : 

Not specified

Climate Objective : 
Both Mitigation and Adaptation
Administrator Type : 
Intergovernmental Organization
Financial Instruments Offered : 
Concessional Loans, Grants, Market-rate Loans
Direct Access : 
Fund Size : 

35.9 USD billion

Financing Award : 
Not Applicable
Trustee : 
Asian Development Bank
Implementing Entity : 

Not specified

Steps to Access & Application Procedure

ADB's performance-based allocation (PBA) policy guides the allocation of ADF resources. The policy supports poverty reduction and sustainable development by allocating ADF resources based on country performance. It also considers other factors such as country needs, absorptive capacity, and special circumstances.

ADB conducts Country Performance Assessments (CPAs) for all ADF countries. Each country's performance is assessed based on:

the coherence of its macroeconomic and structural policies;
the quality of its governance and public sector management;
the degree to which its policies and institutions promote equity and inclusion; and
the performance of its portfolio of ongoing projects and programs.

The PBA exercise determines allocation shares for ADF borrowers using a formula that considers:

country performance;
country size, as measured by population; and
economic need, as measured by GNI per capita.

Organizational and Decision Making Structure

ADB has 67 shareholding members including 48 from the Asia and Pacific region. View a complete list of our members.

Board of Governors
ADB's highest policy-making body is the Board of Governors, which comprises one representative from each member nation – 48 from the Asia-Pacific and 19 from outside the region. More

Board of Directors
The Governors elect 12 members to form the Board of Directors, which performs its duties full time at the ADB headquarters. The Directors supervise ADB's financial statements, approve its administrative budget, and review and approve all policy documents and all loan, equity, and technical assistance operations. More

The ADB President chairs the Board of Directors and heads a management team comprising six Vice-Presidents, who supervise the work of ADB's operational, administrative, and knowledge departments. More

Monitoring and Reporting Procedures

Not specified

Co-financing Requirements (if applicable)

Not specified

Other Eligibility Criteria Beyond Geography and Income

a concessional assistance policy that defines the principles and
criteria to guide allocations of concessional resources to eligible countries that have access to
Asian Development Fund (ADF) grant resources and concessional ordinary capital resources
(OCR). The concessional assistance policy encompasses the performance-based allocation
(PBA) policy of the Asian Development Bank (ADB) and the ADF grant framework, and
determines the country allocations of ADF grants and concessional OCR loans.

Contact Information

Strategy and Policy Department, Asian Development Bank ADB Headquarters, 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines +632 632 4444

Last Updated :