The Asian Development Bank (ADB) is a multilateral development finance institution
founded in 1966 to promote social and economic progress in its developing member
countries in Asia and the Pacific (see ADB’s website: http://www.adb.org/about/main).
2.2 ADB’s principal functions are
- lending funds,
- providing grants,
- providing technical assistance and advisory services,
- promoting investments for development purposes, and
- assisting in coordinating the development policies and plans of developing
member countries.
Inquiries
2.3 Loan disbursement is handled by the Loan Administration Division of the Controller’s
Department.
2.4 For loan service payments and billing matters, inquiries are addressed to the
Accounting Division of the Controller’s Department.
Loan or Grant Regulations
3.4 The regulations4
further set out conditions for the use of loan or grant proceeds
financed by ADB, or proceeds administered by ADB.
5
These documents are expressly
incorporated in the associated loan agreement, guarantee agreement, or grant
agreement. If any provision of a loan agreement, guarantee agreement, or grant
agreement is inconsistent with a provision of these regulations, the provision of the
loan agreement, guarantee agreement, or grant agreement governs.
Loan Documents
3.5 Loan documents
6
include the following documents and agreements:
ȕ Thereport and recommendation of the President to the Board of Directors
(RRP) presents the project proposal for consideration by the ADB Board.
ȕ Theproject administration manual (PAM)
7
includes all the information and
schedules describing project implementation and project readiness filters
covering major preproject implementation actions (e.g., government approvals,
procurement, and resettlement) to ensure a rapid start-up and enable early
disbursement. It is mandatory
8
that the PAM be referenced in the RRP and in
the loan (or facility) agreements, is presented as a stand-alone linked document
to the RRP, and serves as the main document describing implementation details.
The PAM is prepared in the course of loan processing and initially agreed with
the government at the loan fact-finding stage. At loan negotiations, the borrower
and ADB shall review and confirm the PAM agreed during loan fact-finding to
ensure consistency with the loan agreement, and such confirmation shall be
reflected in the minutes of the loan negotiations. The detailed cost estimate by
financier (one schedule included in the PAM) is prepared based on Section J6 of
the ADB Operations Manual (Appendix 3A).
9
Related illustrative tables are also
provided in this handbook (Appendix 3B).

How to get money from ADB The Asian Development Bank (ADB)?

8:04 AM    

The Asian Development Bank (ADB) undertakes nonsovereign operations1
to provide direct financing and/or risk mitigation to entities, or for projects or business
activities, in developing member countries. Nonsovereign operations refer to any
loan, guarantee, equity investment, or other financing arrangement that (i) is not
guaranteed by a government; or (ii) is guaranteed by a government under terms that
do not allow ADB, upon default by the guarantor, to accelerate, suspend, or cancel any
other loan or guarantee between ADB and the related sovereign.
13.2  More information is available at http://www.adb.org/About/Private-Sector/default.  asp.
Inquiries on private sector operations not discussed in this handbook should be
addressed to ADB’s Private Sector Operations Department (PSOD).
Disbursement Procedures
13.3  In all cases, the disbursement procedures should be specified in the contractual
agreement with ADB, i.e., loan, investment, issuing bank, or revolving credit agreement.
2
13.4  After the receipt of the borrower’s disbursement request in accordance with the
specific loan agreement, PSOD will prepare the authorization for private sector
disbursements together with a complete set of loan or investment documents as
attachments, to initiate the disbursement process. The Controller’s Department (CTL)
should receive the authorization (i) at least 3 working days prior to the proposed
disbursement date for US dollar-denominated loans, and (ii) at least 7 working days
prior to the proposed disbursement date for local currency loans.
3

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For disbursement
of local currency, PSOD coordinates with the Treasury Department, as appropriate,
before the proposed disbursement date.
13.5  These disbursements may take place in predetermined tranches on specified dates, or
at call. The disbursement may also be made through reimbursement to the investee
company for expenditures incurred, or to confirming banks against letters of credit in
favor of suppliers.
1
ADB. 2010. Nonsovereign Operations. Operations Manual.OM D10. Manila.
2
Technical assistance is not covered by this handbook, but is covered by the Technical Assistance Disbursement
Handbook(2010, amended from time to time).
3
Before CTL receives the authorization, the Office of the General Counsel endorses the initial authorizations
for all private sector operations disbursements and, where required by CTL, for subsequent equity
investment disbursements.