Asian Development Fund (ADF) - Asian Development Bank

Donor: 
Any donor
International Finance Institutions
Geographical focus: 
Global
East Asia and the Pacific
South Asia
Thematic focus: 
Tourism in general
Infrastructure in Tourism
Policy and Governance in Tourism
Trade, Investment and Competitiveness in Tourism
Social inclusion and Poverty reduction in Tourism
Sustainability of natural resources in Tourism
Intro text: 
The Asian Development Fund (ADF) bridges the development gap in Asia and the Pacific, home to both the world’s fast-rising and most vulnerable economies. ADF is a major instrument of concessional financing that has supported equitable and sustainable development in the region since 1973.

Official website

www.adb.org/site/adf/main

Geographic focus

Asia

Who can apply?

ADF-eligible countries:
  • gross national income (GNI) per capita, using the World Bank's GNI per capita estimates based on the Atlas method and the International Development Association's operational cut-off for eligibility; and
  • creditworthiness.

Objectives and activities

Objective: 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: Fostering Growth that Reaches all.
  • Environmentally sustainable growth: Growth for a Green future
  • Regional cooperation and integration: partnering for shared prosperity. 

Activities: ADF operations provide infrastructure and services to boost economic growth; assist countries with fragile and conflict-affected situations; and expand the access of the poor, women, and children to quality education and health care, reliable supply of electricity and clean water, and economic opportunities. ADF also helps these countries improve their institutional capacities and implement needed reforms.

Examples of tourism related activities: 58%  share of ADF goes to Infrastructure, inculding tourism infrastructure. Projects include:

  • Improving Competitiveness in Tourism;
  • Tourism Infrastructure Development Projects; …

Type and level of funding

Since 1973, ADF has provided more than $50 billion for projects and programs that helped poor families escape poverty. In 2013-2014 alone, over 100 loan and grant projects totaling $6.9 billion were made to developing member countries of ADB.

ADB's performance-based allocation (PBA) policy guides the allocation of ADF resources.After distributing ADF resources according to the current PBA formula, ADB determines the proportion of grant assistance based on countries' debt-distress classification. See Debt Sustainability Analysis and Grants.