Asian Development Fund

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.
References in periodicals archive ?
The International Development Association (IDA) accounts for 14%, the Asian Development Fund - 11.8%, and the Islamic Development Bank - 5.8%, according to a World Bank report.
In 2018, energy and transport were the top sectors focused on by ADB's operations, which accounted for 23 percent each of ADB's Ordinary Capital Resources (OCR) and Asian Development Fund (ADF) operations.
In 1974, a major landmark of the ADB was the establishment of the Asian Development Fund to provide low-interest loans to ADB's poorest members.
At the same time, the minister said that according to the instructions of the country's leadership, Azerbaijan will participate as a donor country in the programs of international financial organizations, as well as the Asian Development Fund of the ADB.
During its hosting of the first summit of the ACD, Kuwait had proposed to establish the Asian development fund, with a capital of USD one billion, and announced contributions of USD 300 million.
ISLAMABAD -- Pakistan continues to face funding challenges for disaster risk reduction and disaster response, and the heavily decentralised approach to disaster relief fund is complicating challenges in enhancing disaster relief management, says a new report of the Asian Development Fund.
The Asian Development Fund, meanwhile, is funding for the development of basic infrastructures like roads and water supply to the town.
All three grants are financed from the Asian Development Fund, ADB's grant-based development financing vehicle.
It is ADB's largest shareholder and the biggest contributor to the Asian Development Fund, ADB's concessional window for poorer countries.
Concessional loans and grants from the Asian Development Fund (ADF) reached $3.1 billion, with $2.6 billion going to loans and $518 million to grants while the technical assistance, meanwhile, increased by around 20% to $170 million from 2015's $141 million figure.
3 -- The Government entered into a loan agreement with the Asian Development Bank to obtain a loan of USD 60 million from the Asian Development Fund to implement the PuraNeguma - Local Government Enhancement Sector Project.
The report further said that the cumulative disbursements to Pakistan for lending and grants financed by ordinary capital resources , the Asian Development Fund , and other special funds amounting to US $ 19.59 billion.
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