Cofinancing Agreement

An agreement between the World Bank and another bank or financial institution to extend credit to a government or private organization in the developing world. Cofinancing agreements exist to assist in international development while also spreading the risk between the lenders.

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They also called for stronger institutional and operational cooperation in line with the framework cofinancing agreement signed between IDB and ADB in September 2008.

IDB, ADB discuss ways to tackle global crisis

The International Fund for Agricultural Development (IFAD) and the Asian Development Bank (ADB) signed a cofinancing agreement today to continue the agencies ongoing collaborative work to transform rural areas into vibrant, productive and food secure communities in the Asia and the Pacific region.

Italy : IFAD and ADB strengthen partnership to transform rural areas in Asia and the Pacific

The Asian Development Bank (ADB) and International Fund for Agricultural Development (IFAD) signed a cofinancing agreement today that will allow them to scale up joint efforts to promote food security in Asia and the Pacific, home to two thirds of the world s hungry people.

Philippines : ADB, IFAD Cofinancing Deal to Support Greater Food Security in Asia Pacific

There will be a particular focus on less densely populated areas of the country under a cofinancing agreement signed with the incumbent operator in July 2011 designed to reach around 60 towns and villages.