Partnership Report 2021: Partnerships for a Green, Inclusive, and Resilient Recovery
ADB and its financing partners mobilized $12.9 billion in cofinancing in 2021 and worked on balancing the need to address short-term COVID-19 pandemic concerns with ensuring longer-term green, resilient, and inclusive pandemic recovery.
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The ADB Partnership Report 2021: Partnerships for a Green, Inclusive, and Resilient Recovery highlights the work of ADB and its partners in cofinancing development work in 2021, balancing the need to address short-term COVID-19 response with ensuring longer-term pandemic recovery. ADB’s strong and reliable long-term partnerships played a major role in mobilizing financial resources and specialist knowledge during the pandemic.
ADB’s sovereign cofinancing has settled back closer to pre-pandemic levels, due to the lesser number of projects approved, as impacted by the restricted working and travel practices during the pandemic, and challenges in implementing programs and funds. Meanwhile, nonsovereign cofinancing reached a new height due to the increased volume of trade finance cofinancing. About 69% of total cofinancing resources were dedicated to COVID-19 response and recovery.
The annual Partnership Report showcases the work and achievements of ADB’s financing partnerships with bilateral and multilateral institutions, the private sector, and other development partners each year.
The Partnership Report 2021 is prepared by the Strategy, Policy, and Partnerships Department of ADB and is intended for current and prospective development financing partners of the bank.
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