Asian Development Fund (ADF)

Fonds asiatique de développement
Fondo Asiatico de Desarrollo

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Contact Details

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History

June 1974, Manila (Philippines), by Asian Development Bank (ADB), taking over, by 31 Dec 1979, all contributions previously administered by 'Multi-Purpose Special Fund (MPSF)' (set up 1968, wound up 1980), including those administered by 'Agricultural Special Fund (ASF)' which was wound up in 1973.

Aims

Provide a systematic mechanism for mobilizing and administering resources for the Asian Development Bank to lend on concessional terms to member countries with low per capita gross national product and limited debt repayment capacity.

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Activities

Eligibility for access to loans of ADB developing member countries is based on country economic considerations, particularly per capita GNP and debt repayment capacity. Group A (mainly least developed) countries are normally fully eligible; Groups B and C, countries in more favourable economic positions, are not normally eligible. Loans carry service charge of 1 percent per annum with repayments extending over 40 years, including a grace period of 10 years.

Structure

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Financing

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Relations with Inter-Governmental Organizations

Relations with 2 inter-governmental organizations.
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Members

Members in 24 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Commerce
    • Banking
    • Funds
  • Development
    • Development

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic Growth

UIA Org ID

F5780

Last News Received

2012
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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