What’s the difference between joint cofinancing and parallel cofinancing?
Joint cofinancing
In joint cofinancing, ADB and its financing partners finance a common list of goods, works, and services required for the project in agreed-upon proportions. ADB’s Procurement Policy governs the procurement of goods, works, and services.
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Procurement Regulations for ADB Borrowers: Goods, Works, Nonconsulting and Consulting Services (for all projects with concept notes approved on or after 1 July 2017)
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Procurement Guidelines (for goods and works contracts with concept notes approved before 1 July 2017)
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Guidelines on the Use of Consultants by ADB and Its Borrowers (for consultanting contracts with concept notes approved before 1 July 2017)
Parallel cofinancing
In parallel cofinancing, the project is divided into specific, identifiable components or contract packages, each of which is separately financed by ADB and financing partners. Under these conditions, financing of the components assigned to the financing partners can be either on untied or tied terms. If it is untied, it can be administered by ADB and ADB’s policies and procedures apply. If it is tied, it cannot be administered by ADB and the financing partners implement and administer the assigned components in parallel with the ADB-financed ones by using their own procurement guidelines.