PDBs Mapping by ADA

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Name of the bank Intervention Area Type of Projects Objective of the project Year Of Project Impact on communities Source of fund generation  
World Bank Tajikistan Power Utility Financial Recovery Program by Ministry of Energy and Water Resources, Ministry of Finance, Barqi Tojik improve financial viability, increase the reliability of electricity supply, and strengthen the governance of Barqi Tojik (BT). 2020-2032   The Power Utility Financial Recovery Project was developed in support of the Program for Financial Recovery of Barqi Tojik Open Joint Stock Holding Company, BT (2019-2025), adopted by the Government of Tajikistan to improve financial viability of utility company and increase reliability of electricity supply  
  Bangladesh Gas Sector Efficiency Improvement and Carbon Abatement Project  to improve efficiency of gas distribution and end-use, and support carbon abatement in the gas sector. July 2023- Decemeber 2028 the first component, strengthening the gas sector downstream monitoring and control capabilities consists of following sub-components: (i) enhancing efficiency of the gas distribution network and end-use through metering systems for residential and industrial consumers; (ii) reducing gas leakages on Pashchimanchal Gas Company Limited (PGCL’s) distribution network through reinforced monitoring and upgraded distribution infrastructure; and (iii) implementation support for Titas Gas Transmission and Distribution Company Limited (TGTDCL) and PGCL to supplement their institutional capacity to adequately deliver the project and comply with applicable World Bank policies. The second component, technical assistance for carbon abatement of the oil and gas value chain consists of following sub-components: (i) action plan for carbon abatement of sector operations; and (ii) roadmap for a carbon abatement framework. The World Bank was among the first development partners to support Bangladesh. In its 50-year partnership with Bangladesh, the World Bank has committed over $40 billion in grants, interest-free and concessional credits to the country. Currently, Bangladesh has the largest IDA program in the world with a total of $15.6 billion of commitments to 53 ongoing projects.  
  Vietnam Vietnam Partnership for Market implementation The PDO is to facilitate Vietnam’s transition to a low-carbon economy through the implementation of carbon pricing instruments. July 21, 2023   State Bank of Vietnam is the borrower and Total Project Cost is US$ 5.00 million  
  India First Low-Carbon Energy Programmatic Development Policy Operation To accelerate the development of low-carbon energy in India June 29, 2023- Dec 31, 2023 The operation consists of three pillars: (a) promoting green hydrogen (GH); (b) scaling up renewable energy (RE); and (c) enhancing climate finance for low-carbon energy investments. This US$ 1.5 billion program will be the first operation in a series of two Development Policy Operations (DPOs), supporting India’s low-carbon energy development. It will consist of three inter-linked pillars: (i) promoting green hydrogen; (ii) scaling up RE; and (iii) enhancing climate finance for low-carbon energy investments. Pillar 1 aims to strengthen the enabling policies and regulations for green hydrogen to reduce costs and increase market demand to facilitate the decarbonization of the hard-to-abate industrial sectors. Since green hydrogen needs additional RE power supply, Pillar 2 aims to scale up RE supply and penetration in India, reduce RE costs, and improve RE grid integration to contribute to the decarbonization of the power sector in line with India’s Long-Term Low-Carbon Development Strategy.  
  Phillipine Rural Development Project Scale-Up Project  to improve farmers and fisherfolk access to markets and increase income from selected agri-fishery value chains June 29, 2023-June 30, 2029 project implementation support component (I-SUPPORT) will finance project management, technical assistance, studies, training, and capacity building for project staff during the project period. The fifth component, contingent emergency response component (CERC) will allow for rapid reallocation of uncommitted project funds towards urgent needs in the event of a geophysical, climate-related, or man-made disaster or public health emergency. Total financing is 600 million US Dollars by IBRD  
  Vietnam Vietnam inclusive and sustainable recovery DPF (2nd Operation) The proposed operation will support the Government of Vietnam’s effort to promote and sustain a more inclusive, green and digital-fr iendly economic recovery. June 29, 2023-November 30, 2024 More than 140,000 businesses received tax support through a tax relief package in 2021. More than 85,000 children have received subsidized childcare, which has promoted gender equality in the workplace. Government services available online have doubled. IDA committs 263.82 Million Us dollars  
  Afghanistan Water Emergency Relief Project to improve access to safe drinking water and irrigation water services in selected rural areas. This project has four components June 28, 2023-June 30, 2025 Provision of Emergency Water Supply in Identified Rural Areas, will finance several emergency interventions in rural areas in extreme and severe drought-affected provinces. 2) The second component, Improved Surface Water Irrigation Using Solar Technologies in Selected Rural Areas, will finance the provision of off-grid solar systems and, where applicable, energy-efficient equipment to support installation and improved surface water irrigation efficiency in the selected areas. 3) The third component, Technical Training and Public Awareness Campaigns, aims to build the capacities of technical experts (both male and female) working in water resource planning and delivery. Financer is Afghanistan Resilience Trust Fund which is giving 100.00 Million US dollars  
  Sri Lanka Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) To support foundational reforms that restore macroeconomic stability and sustainability, mitigate the impact of current and future s hocks on the poor and vulnerable, and support an inclusive and private-sector-led recovery and growth path. June 28, 2023-October 31, 2024  help the poor cope with the current shock, and address structural causes of the current crisis to help restart growth.  The relevant Loan Agreement for the Sri Lanka Resilience, Stability and Economic Turnaround (RESET), Development Policy Operation (DPO), amounting to USD 500 million was signed by Mr. A.K. Seneviratne, Deputy Secretary to the Treasury, and Mr. Faris H.Hadad-Zervos, Country Director, on 29th June 2023 on behalf of the Government of Sri Lanka and IDA, respectively.  
  Kyrgyz Republic Renewable Energy Development Project to increase renewable energy generation and promote private sector participation in Kyrgyz Republic. To increase hydropower generation and enable renewable energy integration by strengthening transmission systems in Kyrgyz Republic June 28, 2023-June 30, 2028 The Kyrgyz Renewable Energy Development Project will help the country to expand the generation capacity of the energy sector to meet the increasing demand and attract private sector investment to the sector Lending Instrument is Investment Project Financing  
  India Himachal Pradesh (HP) Power Sector Development Program (HPPSDP) Program- to increase renewable energy (RE) penetration and strengthen the power sector institutions in HP. The program envisages to increase penetration of RE resources through optimization of the state’s current and present generation base. This includes bundling hydropower with variable non-hydro RE (such as solar and wind) and implementing a mix of reform-oriented measures and investments June 27, 2023-March 31, 2028 In Himachal’s hilly terrain where challenges in maintaining uninterrupted power supply are higher – and restoration in case of a breakdown may take longer than elsewhere – the Program will help achieve a strengthened transmission and distribution grid. It will introduce advanced technologies such as a demand response management system and seamless access to RE. This is critical during peak load periods when the state must otherwise rely on expensive fossil-fuel based power. The introduction of automated systems will be an important step towards providing clean, reliable 24x7 power supply to citizens, reduce power outages, and minimize consumer complaints. The $200 million loan from the International Bank for Reconstruction and Development (IBRD) has a final maturity of 14.5 years including a grace period of 4.5 years.  
ADB Bank Vietnam Climate Resilient Urban Services Project  The project will support Ho Chi Minh City People's Committee and their government to finance sound wastewater and drainage system in the remaining catchments, thereby strengthening its foundation as the socioeconomic growth pole of southern Viet Nam. 2025 The impact of the project will be improved surface water quality and drainage capacity in HCMC. The outcome will be increased wastewater and drainage collection and treatment capacity in key catchments in HCMC. Loan: Ho Chi Minh City Climate Resilient Urban Services Project ,Ordinary capital resources US$ 287.70 million  
  Maldives Enhancing Climate Resilience and Food Security Project The proposed Enhancing Climate Resilience and Food Security Project will support Maldives' efforts to build climate resilience focusing on the interlinkages between human settlement and agri-food systems. 2024 It will enhance the country's adaptation capacity in line with Maldives Climate Change Policy Framework (MCCPF) and Nationally Determined Contribution (NDC). Grant: Enhancing Climate Resilience and Food Security Project and Asian Development Fund is US$ 28.00 million  
  Lao People's Democratic Republic Rural Power Distribution and Efficiency Improvement Project The investment project will help address Lao PDR's need to: (i) expand access to low-cost, reliable power in rural areas and (ii) develop priority power interconnections 2024 The distribution component will now focus on Phongsaly, Huaphanh, and Xieng Khuang); (ii) provide at least 8,000 household electricity meters for newly-connected customers; and (iii) construct one or more high-voltage transmission line(s) connecting Lao PDR with regional neighbor(s). Grant: Rural Power Distribution and Efficiency Improvement Project (formerly Northern Cross-Border Power Trade and Distribution Project) and Asian Development Fund is US$ 2.00 million and Concessional ordinary capital resources lending US$ 32.23 million  
  India  Madhya Pradesh Renewable Energy Scaling Up Project In 2000, and underpinned by the Electricity Act 2003, the Madhya Pradesh state government initiated a series of major power sector reforms. The long-term objectives of these reforms were to make the sector financially sustainable, remove subsidies, reduce power theft, achieve full electrification, augment generation and network capacity, increase private sector participation, and move towards full retail competition. To deliver against the objectives, the former Madhya Pradesh State Electricity Board (MPSEB) was split into five wholly state-owned government companies: a generating company, a transmission company, and three distribution companies. A separate publicly owned company was subsequently incorporated to handle bulk power sales and purchases. 2024 The long-term objectives of these reforms were to make the sector financially sustainable, remove subsidies, reduce power theft, achieve full electrification, augment generation and network capacity, increase private sector participation, and move towards full retail competition.    
  Bhutan, Nepal Hindu Kush Himalaya Climate Risk Management The knowledge and support technical assistance (TA) will contribute to a climate resilient and carbon neutral transition in the Hindu Kush Himalaya (HKH) region. It will strengthen the ability of the countries in the HKH region to increase resilience to climate and disaster risks by supporting mountain communities, governments and the private sector to (i) apply dynamic methods to assess climate and disaster risks in critical catchment areas; (ii) use comprehensive and multi-hazard early warning systems to prepare and manage climate-induced hazards; (iii) establish climate investment framework to develop climate responsive investment and financial services; and (iv) enhance regional collaboration to strengthen knowledge and networks. 2023 (i) apply dynamic methods to assess climate and disaster risks in critical catchment areas; (ii) use comprehensive and multi-hazard early warning systems to prepare and manage climate-induced hazards; (iii) establish climate investment framework to develop climate responsive investment and financial services; and (iv) enhance regional collaboration to strengthen knowledge and networks. Ordinary capital resources is 70 Million US Dollars.      
  India Climate Adaptative Community-based Water Harvesting Project in Meghalaya The Government of Meghalaya has requested the Asian Development Bank (ADB) to support the Climate Adaptative Community-based Water Harvesting Project under SWCD. The state's proposed project will: (i) build climate resilient water harvesting systems (WHS) through community demand driven participatory approach to ensure universal access to water for enhancing sustainable and efficient water-based livelihood opportunities for the rural areas, and enhance resilience to climate change impacts and acute water shortage during non-rainy season; and (ii) establish institutional mechanisms for community ownership and integrated management of natural resource in line with central and state government programs and policies. The primary beneficiaries for the project will be (i) communities with increased agricultural production from additional and more secure water supplies, particularly for the rabi season crop, and (ii) rural households from improved access to drinking water. 2023 The primary beneficiaries for the project will be (i) communities with increased agricultural production from additional and more secure water supplies, particularly for the rabi season crop, and (ii) rural households from improved access to drinking water. Ordinary capital resources is 80 Million US Dollars.      
  Sri Lanka Climate Resilient and Sustainable Water Supply Improvement Project The project will rehabilitate and expand water supply coverage to about 155,000 households and improve the operational efficiency of services and management to provide safe, efficient, and climate-resilient water supply services in eight towns in the Western and Southern Provinces in Sri Lanka. 2023 It will promote (i) efficient use of resources by nonrevenue water (NRW) reduction and district metered area (DMA) approach, (ii) reduction of service levels discrepancies between rural and urban areas, and (iii) switching from groundwater to surface water source. Ordinary capital resources is 200 Million US Dollars.      
  Bangladesh Dhaka Power System Expansion and Strengthening Project The project is aligned with the following impacts: sustainable development pathway for resilience to disasters and climate change developed. 2023 The project will have the following outcome: energy efficiency, reliability, and safety of power supply systems in Dhaka's urban areas improved. Ordinary capital resources is 160 Million US Dollars and Republic of Korea e-Asia and Knowledge Partnership Fund is giving US$ 750,000.00      
NEW DEVELOPMENT BANK China Bank of Huzhou Sustainable Infrastructure Project The Project is expected to contribute to increase in installed capacity of clean energy, and improve the local infrastructure and water environment in Zhejiang province. 30-Jun-23  The Project will contribute to China’s efforts in low-carbon development, clean energy, and energy efficiency in Zhejiang Province. In addition, the Project will support the development of municipal infrastructure in the province.  Total project cost is CNY 1,446 million      
  India Meghalaya Ecotourism Infrastructure Development Project The objective of the Project is to construct infrastructure to promote tourism in Meghalaya, leading to development of 5 ecotourism circuits, identified by the GoM. 18-Jul-22 The Project will result in increase in domestic and international tourists in Meghalaya with a longer average length of stay and direct employment opportunities for more than 1,400 people during operational phase. The Project will be financed through loan from NDB and counterpart funding from GoM.      
  China Liaoning Environmentally Sustainable Urban Development Project The objective of the Project is to support river restoration and ecological protection, as well as urban connectivity enhancement and associated urban flooding reduction in the participating cities. 17-Oct-22 The Component I in Anshan will (i) construct riverside ecological parks with “sponge city” features to control contaminated urban runoff; (ii) rehabilitate drainage systems and separating sewage and stormwater, (iii) dredge riverbed sediments to restore Nansha River’s ecological and environmental functions, (iv) upgrade pumping stations, and (v) establish a smart drainage management platform. Loan amount $ 200.00 million      
  India Sustainable Low-carbon Rail Infrastructure Program Some of these initiatives are: (a) to increase the modal share of railway transportation and reduce dependence on less efficient diesel operated road traffic, (b) reduce railway sector’s carbon footprint through electrification of traction and acquiring assets to operate on the electrified network (i.e., electric locomotives and passenger coaches), and (c) to enhance the share of renewable energy in its energy mix.  16-Feb-22 In the endeavor towards a low carbon economy, India is focusing on low carbon transport infrastructure and public transport systems with singular emphasis on railway transportation. India’s railway sector is less Green House Gas (GHG) intensive as compared to the rest of transport sector (road, inland waterways, and air transport); railway sector accounted for only 3% of the transport sector GHG emissions, while supplying 26% of traffic volumes. NDB will provide funds to IRFC for purchase of electric locomotives and passenger coaches to operate on Indian Railway’s network. NDB’s financing, together with other sources of funding available to the Ministry of Railways, will enable Indian Railways to incrementally operate around 900 electric locomotives and 4,000 passenger coaches each year, over the program period (FY 2022-2024).      
  India Himachal Pradesh Rural Water Supply Project The objective of the Project is to provide piped drinking water to 14% of the total partially covered rural habitations and improve the quality of water supplied. 8-Dec-21 The Project will free up the time taken for fetching drinking water from distant sources, thereby allowing more time dedicated to productive accomplishments, adult education, empowerment activities and leisures. The total Project cost is estimated at USD 100 million. The Project will be financed through a loan of USD 80 million from NDB and a counterpart fund of USD 20 million from the Government of Himachal Pradesh (GoHP).      
  China Anhui Province Roads Development Project The Project is envisaged to support Anhui’s road development in addressing these two urgent challenges. On one hand, the Project will support Anhui in further developing its road networks across critical corridors in the Province, improving connectivity and transport services, as well as reducing safety risks. On the other hand, through piloting appropriate technologies innovatively in road construction and upgrading, the Project will showcase the benefits of applying suitable technologies for sustainable road infrastructure development. 29-Jun-21 The Project will promote socioeconomic development through improving connectivity and mobility in Anhui Province. Important road corridors will be connected to improve road networks. In addition, suitable innovative technologies to be piloted throughout road construction, upgrading and O&M will demonstrate the benefits of sustainable roads development, including improvement of construction quality, road safety and management efficiency in an energy-saving and environmentally-friendly manner. The total cost of the Project is estimated at EUR 1,056 million. NDB will finance EUR 340 million (32% of the total cost). The remaining balance will be sourced from the annual budgets of the Project Entity.      
  India Delhi-Ghaziabad-Meerut Regional Rapid Transit System Project The objective of the Project is to develop an efficient and sustainable regional transport system to reduce congestion in Delhi, by offering people the alternative of settling in surrounding cities and being able to commute to Delhi through a fast, reliable, safe and comfortable public transport system. 29-Sep-20 The positive outcomes and impacts of the Project include: (i) increased passenger ridership; (ii) reduction in travel time; (iii) reduction in road congestion and vehicular emissions; (iv) enhanced travel comfort and safety; (v) increased economic activities through positive changes in travel patterns and efficiency; and (vi) balanced economic development from better regional mobility and connectivity. The Project will be co-financed under parallel financing arrangements with Asian Development Bank (loan of USD 1,049 million) and Asian Infrastructure Investment Bank (loan of USD 500 million).      
  India Mumbai Metro Rail II (Line 6) Project The Mumbai Metro Rail II (Line 6) Project aims to improve Mumbai’s transport and traffic conditions through providing a modern metro system, featuring high-capacity, safe, and comfortable mode of transport. The Project comprises financing of equipment and system components for implementing the proposed metro Line 6 in Mumbai, with rail infrastructure of about 14 km and 13 stations. Line 6 will provide the much needed rail-based connectivity between the western and eastern suburbs, and will contribute to an integrated public transport network in Mumbai. 29-Sep-20 The Project will improve overall mobility of Mumbai’s urban population and promote economic growth through improving accesses to markets, workplaces, education, and health facilities. The Project will also improve quality of lives of the residents in Mumbai. The total cost of the Project is estimated at USD 750 million. The Project will be financed by a Sovereign Project Loan of USD 241 million from NDB and counterpart funds of USD 509 million from the Government of the State of Maharashtra.      
  India National Investment and Infrastructure Fund: Fund of Funds – I NDB’s investment in FoF-I will support GoI’s vision for sustainable socio-economic growth by supporting investments in key areas of economy and catalyzing private sector investments. 25-Mar-20 Depending on the sectoral distribution of portfolio funds and investee companies, FoF-I’s investments may be aligned with SDGs including zero hunger (SDG 2), good health and well-being (SDG 3), quality education (SDG 4), clean water and sanitation (SDG 6), affordable and clean energy (SDG 7), industry, innovation and infrastructure (SDG 9) and climate action (SDG 13). GoI has committed INR 21 billion, while the balance of contributions will be raised by NIIF from international and domestic institutional investors. NDB will invest USD 100 million equivalent in FoF-I.      
  India REC Renewable Energy Sector Development Project The NDB loan proceeds to REC was used to finance construction of renewable energy power plants and associated evacuation transmission lines (sub-projects). 14-Oct-19 The positive impacts of the Project include: (i) reduced coal consumption of about 488,292 tons annually; (ii) reduced carbon emission of about 986,667 tons annually and a considerable amount of other hazardous emissions including SO2, NOx, etc; (iii) increased transmission capacity for evacuation of renewable energy; (iv) increased power generation capacity from renewable energy sources with electricity generation of about 1,600 GWh annually; (v) enhanced energy mix and greener footprint of India’s power sector The total cost of the Project was USD 426.83 million. NDB financed USD 300 million. The remaining balance was financed by counterpart funds.      
  India Indore Metro Rail Project Indore Metro Rail Project is proposed to address the above challenges through constructing a metro line (Yellow line) of about 31 km in Indore. The proposed metro rail alignment is a ring line planned from Gandhi Nagar – Bhawarsala- Radisson Square – Bengali Square – Indore Railway Station – Rajwada Palace to Airport. The annual traffic for the Project upon completion is estimated to be about 126 million passenger trips. 2-Dec-19 The positive impacts of the Project include: (i) reduced travel time for commuters; (ii) reduced congestion on the affected roads; (iii) reduced emissions from vehicles; (iv) enhanced transport safety and comfort of travel; (v) improved mobility and access to markets, workplaces, education, and health facilities; (vi) improved quality of living for the connected population. The total cost of the Project is estimated to be USD 1,200 million. The NDB will finance USD 225 million, accounting for 18.8% of the total estimated cost. The Project is proposed to be co-financed with the Asian Development Bank under parallel co-financing arrangement.      
  India Manipur Water Supply Project The Manipur Water Supply Project is proposed to address the above challenges through construction and upgrade of drinking water supply infrastructure. The components of the Project include construction and upgrade of drinking water supply systems in: i) Imphal Planning Area, the capital city of Manipur; ii) 25 other towns; and iii) 1,731 rural habitations. The Project will provide safe drinking water supply to about 3.11 million people in Manipur by 2025. 2-Dec-19 The positive impacts of the Project include: (i) increased capacity of safe drinking water supply; (ii) improved water supply network with household connections in urban, suburban and rural areas; (iii) time savings for fetching water; (iii) improved water quality through enhanced water treatment capacity; (iv) reduced medical expenses incurred by water related diseases; (v) reduced loss of time and labor from water related diseases; and (vi) improved quality of living for the local population. The total cost of the Project is estimated to be USD 390 million. The NDB will finance USD 312 million or 80% of the total estimated cost. The remaining balance will be financed by counterpart funds from the Government of Manipur (78 Million).      
  China Ningxia Yinchuan Integrated Green Transport Development Project Objectives of the Project are to develop a green bus system and improve public transport services in Yinchuan Municipality through replacing all existing natural gas-fueled buses with electric buses, which reduce emissions and save energy. Components of the Project include: (i) procurement of electric buses and associated equipment; (ii) construction of bus lane and depots; (iii) development of intelligent transport management system; (iv) project management and capacity building. 25-Jun-19 The positive impacts of the Project include: (i) improved public transport services; (ii) reduced emission of buses; (iii) improved air quality in Yinchuan; (iv) enhanced quality of lives and economic well-being of local residents; (v) enhanced socioeconomic development in Yinchuan. The total cost of the Project is estimated to be RMB 2.86 billion. NDB will finance RMB 2.1 billion or 73% of the total cost. The remaining balance will be financed by counterpart funds from Yinchuan Municipal Government.
  India Andhra Pradesh Road Sector Project The Andhra Pradesh Road Sector Projects are proposed to address the connectivity challenges faced by the state of Andhra Pradesh through upgrading state highways and district roads of heavy traffic, and reconstructing bridges that are obsolete. The components of the Andhra Pradesh Roads and Bridges Reconstruction Project include:i) widening approximately 1,231 km of state highways from single/intermediate lane to double lane; and ii) constructing 236 bridges in the state highways network. The components of the Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement Project include: i) widening approximately 1,297 km of district roads from single/intermediate lane to double lane; and ii) constructing 233 bridges in the district roads network. The two Projects will be implemented over a period of five years from 2020 to 2024. 12-Sep-19 The positive impacts of the Projects include: (i) enhanced socioeconomic development; (ii) improved connectivity between mandal headquarters, district headquarters and adjoining mandal headquarters; (iii) improved quality of living for the connected population; (iv) enhanced productivity in the agricultural sector of the state; (v) enhanced economic growth of the state; (vi) increased rural income. The total cost of the two Projects is estimated to be USD 924 million. NDB will finance USD 646 million or 70% of the total cost. The remaining balance will be financed by counterpart funds from Government of Andhra Pradesh that is 278 Million.
  India Assam Bridge Project bjective of the Project is to improve socio-economic conditions in the North Guwahati Area, through improved access to economic, health, and educational centers, and transport connectivity across the Brahmaputra River. The proposed Project consists of construction of a major bridge across the Brahmaputra and approach roads, connecting the south bank to the north bank of the Guwahati metropolitan area, with the total length of approximately 8.4 km. 8-Jul-19 The positive impacts of the Project include: (i) improved mobility and transport network connectivity across the Brahmaputra River; (ii) enhanced connectivity to National Highways; (iii) enhanced access to essential services, facilities and markets, benefiting lives of about 3 million people in the Guwahati Metropolitan Area and the Assam State Capital Region; (iv) reduced travel time for commuters; (v) reduced carbon emissions by vehicles due to reduced travel distance and fuel consumption. The total cost of the Project is estimated to be USD 377 million. NDB will finance USD 300 million or 80% of the total cost. The remaining balance will be financed by counterpart funds from the State Government of Assam.
AIIB Singapore BIC IV The Project seeks to advance private capital mobilization through anchoring the fourth series of IABS structured and managed by Bayfront. August 30, 2023 The Project applies the Environmental, Social and Governance (ESG) Approach to Capital Market Operations provided under the Bank’s Environmental and Social Policy (2022 ESP). The relevant ESG Framework is Bayfront’s E&S Framework, developed under the Infrastructure Private Capital Mobilization Platform with inputs from AIIB as a minority equity investor, and is consistent with the spirit and vision of AIIB’s Environmental and Social Framework (ESF). The Project involves an USD 80 million anchor investment into Bayfront Infrastructure Management Pte. Ltd.’s (Bayfront) latest issuance of infrastructure asset backed securities (IABS). This follows AIIB’s investments into Bayfront’s previous IABS issuances in 2021 (BIC II) and 2022 (BIC III).
  Cambodia Cross-border Livestock Health and Value-chain Infrastructure Improvement Project The Project aims to strengthen animal and human health safety and promote cross-board livestock trading among countries in the Greater Mekong Subregion (GMS) including Cambodia, Lao PDR, Viet Nam, Thailand, and China. September 8, 2023 he Project will support, based on the One Health approach: (i) construction of a vaccine center and establishment of disease control zones to strengthen the prevention and monitoring systems of animal and zoonotic diseases; (ii) refurbishment of the national animal health research institute, provincial animal health laboratories and relevant facilities to upgrade diagnosis and control functions of the diseases; (iii) establishment of livestock value chain infrastructure with high standards of hygiene and sanitation; (iv) enhancement of policies and regulations for better health, safety, supply and trade in livestock and livestock products; and (v) operation and management of the Project. The Project’s environmental and social (ES) risks and impacts will be assessed in accordance with the Asian Development Bank (ADB)’s Safeguard Policy Statement (SPS) as ADB is a lead co-financier
  China Yunnan Kunming Changshui Airport Expansion and Green Development Project To support the green development of an international hub airport in the southwest of China and improve air connectivity to Southeast and South Asia regions. August 30, 2023 1) reduced energy consumption per passenger; (2) reduced Carbon Dioxide emission per passenger; (3) increased annual volume of passenger throughput; (4) increased percentage of transit passenger (both total and international); (5) increased average number of outbound flights per day to the destinated airports in South Asia and Southeast Asia; Status of financing is under preparation.
  Bangladesh Rampura-Amulia-Demra (RAD) Expressway Project To improve efficiency and resilience of existing road transport connectivity between Dhaka and surrounding areas. The scope of the Project is to design, build and operate a 12.5km four-lane access-controlled highway, including an 8.15km elevated section and a 4.35km at-grade section, by way of upgrading an existing two-lane undivided carriageway. The Project starts at the Chittagong Interchange with access to the National Highway N1, connects to the National Highway N2 at the Demra access point, and ends at Rampura Interchange, which is located in a densely populated area in Dhaka. The width of the proposed road will be around 18m in the elevated section and 32m in the at-grade section. July 20, 2023 Vehicle traffic induced by the Project; Reduction in average travel time The Total Project Cost is estimated to be USD261 million, which is proposed to be financed by USD68 million (26%) of equity and USD193 million (74%) of Senior Debt Facilities. AIIB’s proposed financing is up to USD75 million
  Bangladesh Bangladesh Sustainable Economic Recovery Program (Subprogram 2) The Program will be a policy-based loan (PBL) to further advance the key reform agenda and deepen policy reforms supported under the Subprogram 1 in order to: (i) create additional fiscal space needed for higher expenditures on critical social and physical infrastructure by strengthening Public Financial Management systems; and (ii) improve access to finance for underserved market segments, i.e., cottage, micro, small, and medium-sized enterprises (CMSMEs) and associated employment, in line with the Bangladesh Eighth Five Year Plan, 2021– 2025. This is to be supported under AIIB’s COVID-19 Crisis Recovery Facility (the Facility) and co-financed with ADB. June 13, 2023 s The Program will help promote economic resilience and foster a favorable environment for sustainable CMSME growth. Total Project Cost: USD800 million Indicative financing plan: AIIB: USD400 million (50%); ADB: USD400 million (50%)
  Uzbekistan UzPSB Energy and Water Efficiency, and Renewables Bond Investment The project objective is to improve energy and water efficiency and contribute to the expansion of renewable energy supply in Uzbekistan. April 25, 2023 The expected results are expected to be monitored through the following Indicators: Project Objectives indicators: • Volume of GHG emissions reduction per year (GHG ton) • Renewable generation capacity installed (MW) • Primary energy consumption saved by installation of renewable generation (GWh) • Primary energy consumption saved by Energy Efficiency gains (GWh) • Primary water consumption saved (Liter) USD 100 million bond issuance. AIIB to finance USD25 million
  India LOK Capital Fund 4 To contribute to green and technology-enabled infrastructure development and related services end-use mainly in the Indian market. May 12, 2023 This is AIIB’s first purely impact-focused investment in India, expanding the diversification of AIIB’s portfolio and complementing its partnerships with more traditional private equity funds. With a target size of up to USD200 million, the Fund invests in early and growth stage companies and has raised commitments of around USD100 million to augment financing for infrastructure and related services across the market. Specifically, the Fund will look at investments that promote development impacts, reduce greenhouse gas emissions as well as incorporate gender interventions across the investment process USD30 million (including a co-investment sleeve of USD5 million)
  India Chennai Metro Rail Phase 2 Project – Balance Corridor 5 To increase transport capacity and improve efficiency of northwest-south connectivity in the Chennai Metropolitan Area by expanding the Chennai metro system. April 19, 2023 The beneficiaries are metro passengers, who will gain from a metro transport that is faster and more reliable than public and private road transport.8 The project components feature gender, inclusion-sensitive and universal accessibility designs that are considered good international practices to improve the safety, security, and accessibility of metro services for women, elderly people, people with disabilities, people traveling with small children or carrying luggage, and people with temporary mobility problems, encouraging them to engage in education, employment, social and economic activities. Existing metro passengers will benefit from improved coverage and service. 9 . Project cost: USD 999.10 million , Financing plan: AIIB loan: USD 438.75 (44 percent) ADB loan: USD 121.78 (12 percent)
  India Sustainable Transport Financing To increase the penetration of low-carbon transportation vehicles in India. January 20?2023   The Project contemplates providing USD100 million or equivalent in INR financing to Shriram Finance Limited (SFL) to support and expand its lending to new energy efficient vehicle ownerships in India.
          • Percentage of total loan proceeds used for financing EVs. • Number of EVs financed under the loan. • GHG emissions avoided through EVs compared with conventional fuel vehicles. The Borrower, SFL, is a non-banking finance company that primarily provides commercial vehicle loans for trucks, passenger vehicles, tractors and farm equipment, and construction equipment in India.
  India Haryana Orbital Rail Corridor (HORC) Part A Project To contribute to improving rail connectivity in the National Capital Region and partially decongesting the rail corridor in Delhi. December 20, 2022 To improve rail connectivity in the National Capital Region and decongest the rail corridor in Delhi. The assessment of the program’s benefits is presented in Section 3B–Economic and Financial Analysis. At completion, the program’s results will be assessed and monitored using key indicators highlighted below: (i) Average travel time saved per trip by freight using HORC, compared to original IR Route (from Palwal to Harsana Kalan) (ii) Freight traffic diverted from original IR route to HORC (iii) Number of passengers carried (iv) Percentage of vulnerable (female, elderly, disabled) passengers in User Survey satisfied or very satisfied with station facilities and services Project cost: USD 277.83 million Financing Plan: AIIB loan: USD 128.00 million (46 percent) Haryana Orbital Rail Corporation Limited: USD 149.83 million (54 percent)
  Singapore Asia Infrastructure Securitization Program II The project seeks to establish Asian emerging market infrastructure as an asset class by mobilizing private capital through anchoring the next issuance of infrastructure asset-backed securities (IABS) by Bayfront. Aug-22 Project indicators include the following: - Volume of new private capital mobilized - Total volume of private capital mobilized - Amount of estimated annual GHG emissions avoided Order of up to USD 80 million
  India Kotak Infrastructure Investment Fund To improve the financial sustainability of selected infrastructure companies in India by providing debt restructuring through private capital mobilized from institutional investors. September 29, 2022 Project result indicators include total amount of private capital mobilized, share of invested capital over committed capital, number of institutional investors mobilized, number of projects / portfolio companies invested. Maximum of USD 100 million equivalent in INR or 20% of the Fund’s target committed capital (INR 60 billion /USD 750 Million)
  India GreenCell Electric Bus Financing Project The Project objective is to promote scalable and replicable financing for the demonstration, deployment, and transfer of low-carbon e-bus vehicles with potential long-term greenhouse gas emissions savings. September 29, 2022 The Project results would be measured and monitored through the following indicators: a. Number of electric buses. b. kms travelled. c. Number of buses powered through renewable sources. d. Number of EV charging infrastructure. e. Number of bus depots with women-friendly safety features f. Net CO2 emission avoidance f. Net CO2 emission avoidance The estimated cost of the Project is USD78.8 million of which AIIB loan is about USD20.5 million. 100% of the equity would be infused upfront by the Sponsor. Balance loan will be funded by ADB and/or other financial institutions.
  Lao PDR Monsoon 600 MW Cross-border Wind Power Project The objective of the Project is to (i) increase the electricity supply from renewables in the Socialist Republic of Viet Nam (Viet Nam) by supporting a cross-border electricity trade between Lao PDR and Viet Nam, and (ii) diversify Lao PDR’s source of electricity exports. November 9, 2022 The Project indicators include (i) cross-border transmission of electricity (MW), (ii) greenhouse gas emission reduction (tons of CO2 equivalent per year), and (iii) renewable generation capacity installed (MW). The estimated cost of the Project is USD946 million. AIIB’s loan is USD72.55 million and the rest is to be funded by the Sponsor and other financial institutions including ADB and Japan International Cooperation Agency (JICA).
  India Solar IPP Equity Investment The project objective is to provide growth capital to scale up development of renewable energy projects. May 25, 2022 The results of the project will be measured through: (a) Renewable generation capacity installed (MWAC) (b) Net electricity generation (GWh per year) (c) Greenhouse gas emission avoidance (Tons of CO2 equivalent per year) The project involves AIIB’s direct equity investment of up to USD50 million to enable the renewable energy independent power producer to meet its target capacity of 4.3GW by March 2025.
IMF Lists Vietnam Macroeconomic Framework Technical Assistance – Ministry of Planning and Investment: Scoping Mission The purpose of this technical assistance (TA) project initiated by this scoping mission is building capacity in macroeconomic analysis and forecasting in the Ministry of Planning and Investment (MPI). The MPI is establishing a Core Working Group (CWG) under MPI’s coordination that will carry out macroeconomic analysis and asked the IMF assistance in building the capacity of the CWG. The project will be centered around the development of an Excel-based macroeconomic projection tool (MPT) based on the principles of Financial Programming and Policies (FPP) framework used by the IMF and integration of the tool-based results in the policy making process. Section I of this report provides the background and context for the project. Sep-23    
  Phillipine Country Report No. 2022/154 Philippines: Financial Sector Assessment Program-Technical Note on Bank Stress Test for Climate Change Risks June 7, 2022 The Philippines is highly vulnerable to risks from climate change. The Philippines is categorized as one of the world’s most vulnerable countries to climate change and natural disasters, especially typhoons. Depending on where a severe typhoon hits the Philippines, it could potentially cause a systemic impact. All major cities and most of the population reside on the coastline, including the metropolitan Manila area where about 60 percent of economic activities take place. On the other hand, exposures to transition risk are concentrated in the coal-based power generation sector and the government’s licensing policy to build new power plants.    
  Bangladesh Country Report No. 2023/066 Bangladesh: Requests for an Arrangement Under the Extended Fund Facility, Request for Arrangement Under the Extended Credit Facility, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Bangladesh Bangladesh’s robust economic recovery from the COVID-19 pandemic was interrupted by Russia’s war in Ukraine. Rising global commodity prices, supply disruptions, and slowdown in external demand have led to a sharp widening of the current account deficit, depreciation of the Taka, and the rapid decline of foreign exchange reserves. The resulting high inflation, slow growth, and stringent measures to compress demand are disproportionately impacting the poor. Heightened global uncertainties will keep the balance of payments (BoP) under pressure for some time. February 2, 2023   The IMF Executive Board approved today Bangladesh’s request for SDR 2.5 billion (about US$3.3 billion) under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements. This approval enables the immediate disbursement of SDR 352.35 million (about US$476 million). 1 • The IMF Executive Board also approved SDR 1 billion (about US$1.4 billion) under the newly created Resilience and Sustainability Facility (RSF). Bangladesh is the first Asian country to access the RSF. • The 42-month program will help preserve macroeconomic stability, protect the vulnerable, and foster inclusive and green growth. Reforms will focus on creating fiscal space to enable greater social and developmental spending; strengthening the financial sector; modernizing policy frameworks; and building
  Cambodia Technical Assistance Report on Government Finance Statistics Mission The main purpose of the mission was to review the progress made by the authorities in implementing previous TA recommendations and provide further support to strengthen the compilation and dissemination of GFS in line with international standards set out in the Government Finance Statistics Manual 2014 (GFSM 2014). (December 6, 2021-January 11, 2022)