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Asian Development Fund

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Asian Development Fund
An instrument of the Asian Development Bank that offers grants and low-interest loans to developing countries in Asia. The ADF seeks to reduce poverty and promote sustainable development in its program area. It was established in 1973 and is funded through its donor countries.


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A loan and grant from ADB's concessional Asian Development Fund will be used to help the government maintain key social services and rebuild homes damaged during the violence in June.
He said that the governments claim regarding setting up of Rs 20 billion Asian Development Fund was an empty slogan like the Friends of Pakistan in the previous budget.
Since 2002, when it resumed operations in Afghanistan, ADB has committed close to $700 million in public sector funding to the local energy sector; comprising $105 million in Asian Development Fund loans and around $595 million in grants.
 
 
 
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