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Public Sector (Sovereign) Financing

ADB offers a range of financing instruments, products, and modalities to provide developing member countries with flexibility in determining how they can achieve development results.

Lending and Grant Modalities

ADB's wide range of modalities meet the diverse and evolving needs of its developing member countries (DMCs).

Investment Lending Modalities
Investment Lending Modalities

pay for goods, works, and services related to specific projects. Investment lending includes the project loan, sector loan, financial intermediation loan, emergency assistance loan, and multitranche financing facility.

Policy-Based Lending
Policy-Based Lending (PBL)

provides general budget support to borrowers, helping countries facing a financing gap in their annual budget. PBL is disbursed only when the borrower completes policy reforms or actions that have been agreed with ADB.

Results-Based Lending
Results-Based Lending

focuses on the positive change ADB’s support brings to beneficiaries. This modality supports government-owned programs through a performance-based form of financing.

Other Modalities
Other modalities

include project readiness financing, the small expenditure financing facility, PPP standby financing facility, and technical assistance.

 
LIBOR market update:
The end date for LIBOR
has been confirmed

LIBOR Transition   Learn more

The global financial industry is undertaking a significant transformation with the phasing out of London interbank offered rate (LIBOR) and transition to alternative reference rates.

ADB is supporting borrowers through the LIBOR transition. A disorderly LIBOR transition would present systemic risks and idiosyncratic risks for market participants and could have negative implications for borrowers. ADB has been preparing since 2018 to support borrowers towards an orderly LIBOR transition and to safeguard its financial soundness.

The impact of COVID-19. The phasing out of LIBOR has not been delayed by COVID-19. Global financial regulators have reconfirmed market participants need to be prepared to transition away from LIBOR by the end of 2021.

On 23 March 2021, the Alternative Reference Rates Committee (ARRC) announced it will not be in a position to recommend a robust forward-looking Secured Overnight Financing Rate term rate by mid-2021, and cannot guarantee it will be able to do so by the end of 2021. The ARRC encourages all market participants to continue to transition from LIBOR using the tools available now.

How does ADB design and manage projects?

ADB provides financing for projects in DMCs that support economic growth and social development. Projects are identified in partnership with DMCs during strategic planning processes.

The various stages that each project goes through, from country programming, project design, to project completion, and evaluation are known collectively as the ADB project cycle.

Fast Facts

Related Resources

Publications and Documents

  • Loan Disbursement Handbook 2022

    Guides | October 2022

    Loan Disbursement Handbook 2022

    This handbook is a compilation of ADB's disbursement policies, guidelines, procedures, and practices.

  • Overview of ADB’s Flexible Loan Product for Sovereign and Sovereign-Guaranteed Borrowers

    Guides | July 2022

    Overview of ADB’s Flexible Loan Product for Sovereign and Sovereign-Guaranteed Borrowers

    This brochure presents the key features of Asian Development Bank Flexible Loan Product as well as basic terms and conditions to help the bank's sovereign and sovereign-guaranteed borrowers in making informed decisions.

  • 2021 Annual Portfolio Performance Report

    Statutory Reports and Official Records | May 2022

    2021 Annual Portfolio Performance Report

    The annual portfolio performance report (APPR) is a management report that details the state of the sovereign and nonsovereign portfolios of the Asian Development Bank (ADB).

  • 2020 Annual Portfolio Performance Report

    Statutory Reports and Official Records | April 2021

    2020 Annual Portfolio Performance Report

    The annual portfolio performance report (APPR) is a management report that details the state of the sovereign and nonsovereign portfolios of the Asian Development Bank (ADB).

What's New

Contacts

Financial Products

Deepak TANEJA (Mr) Principal Treasury Specialist Treasury Client Solutions Unit   +63 2 8683 1549   E-mail

Disbursements

Loans
Loan Administration Division (CTLA)   +63 2 8683 4543  E-mail
Accounting and billing
Loan and Treasury Accounting Section Accounting Division (CTAC-LTA)   +63 2 8683 4577    +63 2 8683 4551   E-mail

Contact Us

Financial Products

Deepak TANEJA (Mr) Principal Treasury Specialist Treasury Client Solutions Unit   +63 2 8683 1549   E-mail

Disbursements

Loans
Loan Administration Division (CTLA)   +63 2 8683 4543  E-mail

Accounting and billing
Loan and Treasury Accounting Section Accounting Division (CTAC-LTA)   +63 2 8683 4577    +63 2 8683 4551   E-mail

Client portals

Client Portal for Disbursements (CPD)

Only authorized users can access the system. Users can request access by completing registration and evidence of authorized persons forms. Borrowers can also request viewer access. Download the forms.  Borrowers and their executing and implementing agencies, can access the CPD through this link: https://cpd.adb.org.

CPD help desk   +63 2 8632 4422   E-mail

Loan and Grant Financial Information Services (LFIS)
The LFIS website is for borrowers/recipients and executing agencies. It provides online information on loans and grants basic data, summaries, status of withdrawal applications, contract ledgers, disbursement data and reports to internal and authorized external users. 

Visit the LFIS website.

Access requests for LFIS and other system-related issues may be addressed to:

System Support Group SectionController’s Department (CTAC-TFAE SSG)   +63 2 8632 4694   E-mail

Last updated 26 June 2017