Cofinancing: A Strategy for Resource Mobilization

Abstract

The cofinancing operations of the Asian Development Bank (the Bank) play a catalytic role in mobilizing financial resources to developing member countries (DMCs). The Banks revised strategy on cofinancing adopted in April 1995 has enlarged the scope for assisting DMCs by using various cofinancing modalities and guarantees. In line with the enhanced level of cofinancing operations, the Banks Cofinancing Division was upgraded to the Office of Cofinancing Operations in July 1996. This publication explains the rationale, the strategy, and the modalities of the Banks cofinancing and guarantee operations. This is addressed to all those interested in cofinancing with the Bank for public or private sector projects. Additional information is available in separate brochures entitled Official Cofinancing and Commercial Cofinancing and Guarantees.