Donors and the Asian Development Bank (ADB) have agreed to replenish the Asian Development Fund (ADF) and the Technical Assistance Special Fund (TASF) with $5 billion. The commitment was made during the 57th Annual Meeting of the ADB, announced today at a press conference by ADB President Masatsugu Asakawa.
The Asian Development Fund is replenished every four years, and ADF14 marks the thirteenth replenishment since its inception. ADF14 will support grant activities during the period of 2025–2028. The current decision to replenish the fund by 22 percent exceeds the previous amount of $4.1 billion under ADF13.
ADF14 will provide ADB members with the largest volume of grants in the history of the Asian Development Fund.
The Technical Assistance Special Fund will provide grants to help prepare projects to enhance capacity and provide technical or policy advice.
"Grants are more important than ever as our poorest and most vulnerable members strive to reverse recent development setbacks and take urgent action to address the climate crisis. This significant replenishment demonstrates the readiness of ADF donors to continue partnering with ADB to address the pressing development challenges of the countries most in need," said ADB President Masatsugu Asakawa.
Kyrgyzstan is among the main developing countries that will be the major beneficiaries of ADF14 grants.
Other countries eligible for support include neighboring countries such as Tajikistan, Uzbekistan, and over 20 other countries.
Priority in funding will be given to targeted assistance to small island developing states, which are particularly vulnerable, especially to climate change, and countries in unstable and conflict-affected situations. The ADF will continue to play a critical role in supporting climate change adaptation and disaster risk reduction.
Over $2.5 billion, or 51 percent of the replenishment, will be financed through donor contributions, including two new countries: Armenia and Georgia.
ADB itself will significantly increase its contribution to ADF14 to $1.6 billion. The remaining $0.9 billion will include transfers from previous ADF replenishment cycles and income from liquidity investments.
Additionally, ADB intends to provide $16.7 billion in concessional loans with low interest rates and long repayment terms under ADF14. In total, ADB will be able to provide over $8 billion in grants and concessional loans for every dollar of donor contributions.
