Asian Development Bank and Japan
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ASIAN DEVELOPMENT BANK MEMBER FACT SHEET JAPAN: SHAREHOLDING AND VOTING POWER Number of shares held: 1,656,630 (15.607% of total shares) Established in 1966, ADB has committed Votes: 1,696,237 (12.784% of total membership, $255.14 billion in loans to the vision of an 19.621% of total regional membership) Overall capital subscription: Asia and Pacifi c region free of poverty. $23.59 billion Japan is a founding member of ADB. Paid-in capital subscription: $1.18 billion CONTRIBUTIONS TO SPECIAL JAPAN FUNDS RESOURCES Japan has been the top contributor to The Asian Development Bank (ADB) at $597.49 million (24 projects). In ADB’s Special Funds such as the Asian is dedicated to reducing poverty in addition, $11.92 billion was generated in Development Fund (ADF), the Asian Asia and the Pacifi c through inclusive direct value-added cofi nancing. Development Bank Institute (ADBI), the economic growth, environmentally Technical Assistance Special Fund (TASF), From 1 January 2013 to 31 December sustainable growth, and regional Japan Special Fund (JSF), and the Regional 2017, ADB’s annual lending volume integration. Cooperation and Integration Fund (RCIF). averaged $14.55 billion. In addition, Established in 1966, it is owned by 67 investment grants and technical Contributions: members—48 from the region—who assistance funded by ADB and Special ADF (incl. committed have committed $255.14 billion in loans Funds resources averaged $617.74 funds at exchange to the vision of a region free of poverty. rates per resolution): $12.89 billion million and $166.28 million in technical ADBI (incl. committed funds): $260.06 million Despite the region’s many successes, assistance over the same period. TASF (committed): $692.65 million it remains home to the majority of the As of 31 December 2017, the cumulative JSF (committed): $973.77 million RCIF (committed): $3.63 million world’s poor. totals excluding cofi nancing were Japan has contributed $23.59 billion in $255.14 billion in loans for 2,955 projects capital subscription as of 31 December in 44 countries, $8.36 billion in 328 2017. It has contributed and committed grants, and $4.27 billion in technical $14.82 billion to Special Funds since assistance grants, including regional joining in 1966. technical assistance grants. Companies and consultants from Japan In addition to loans, grants, and technical have since been awarded $4.07 billion assistance, ADB uses guarantees and in procurement contracts on ADB- equity investments to help its developing fi nanced projects. member countries (DMCs). In 2017, the lending volume was $18.72 With headquarters in Manila, ADB billion (111 projects), with technical has 32 offi ces around the world with assistance at $200.53 million (246 3,134 staff from 60 of its 67 members projects) and grant-fi nanced projects as of 31 December 2017. COFINANCING targeting a number of specifi c sectors. facilitation of investment climate, ADB has been increasingly switching capacity building, and promotion of ADB arranges cofi nancing from bilateral to multi-donor trust funds covering good governance. and multilateral sources, export credit thematic issues. A more recent agencies, and commercial sources in the development is the establishment Japan Fund for the Joint Crediting form of offi cial loans and grants, other of trust funds under theme-focused Mechanism concessional cofi nancing, B loans, risk umbrella initiatives, called fi nancing The Japan Fund for the Joint Crediting transfer arrangements, parallel loans partnership facilities, which support Mechanism (JFJCM) was established in and equity, guarantees, and cofi nancing priority areas in ADB’s long-term 2015 to promote advanced low-carbon for transactions under ADB’s Trade strategic framework, Strategy 2020, technologies in ADB’s eligible DMCs. Finance Program and Supply Chain such as water, clean energy, regional Finance Program. Cofi nancing brings The JFJCM is a single-donor fund cooperation and integration, urban supported by Japan. Total JFJCM funds additional resources to ADB’s project sector fi nancing, and health. fi nancing. In 2017, total direct value- made available up to 31 December 2017 added cofi nancing commitments Japan has contributed to the following: amounted to approximately $51.85 amounted to $11.92 billion for 154 million. projects, of which $11.81 billion was for Japan Fund for Poverty Reduction Japan Scholarship Program 76 investment projects and $108.79 In 2009, the Japan Fund for Poverty million was for 78 technical assistance Reduction (JFPR), originally established The Japan Scholarship Program (JSP) projects. Cumulative direct value-added in 2000, expanded its scope of was established in 1988 to provide an cofi nancing commitments for the period grant assistance to provide technical opportunity for well-qualifi ed citizens of 1970–2017 amounted to $84.23 billion assistance grants in addition to project DMCs to undertake postgraduate studies for 2,554 projects, of which $82.12 grants. The JFPR is the primary in economics, management, science and billion was for 852 investment projects vehicle for regular Japanese technical technology, and other development- and $2.11 billion was for 1,702 technical assistance and grant assistance and the related fi elds at selected educational assistance projects. single largest trust fund within ADB. institutions in Asia and the Pacifi c. Cofi nancing commitments with Japan By 31 December 2017, total JFPR The JSP is funded by Japan and from 1 January 2013 to 31 December funds made available amounted administered by ADB. Currently, 29 2017 comprised the following: to approximately $788.49 million. institutions in 10 countries participate in A total of 175 JFPR grant projects the JSP. Between 1988 and 2017, Japan Projects* (equivalent to $525.25 million), and contributed $178.03 million. A total of 57 projects, cofi nancing of $7.15 billion 237 JFPR technical assistance projects 3,660 scholarships have been awarded • Offi cial Loans: 19 projects, (equivalent to $285.45 million) have to recipients from 37 members. Of the cofi nancing of $3.30 billion been signed. total, 3,303 have already completed their courses. Women have received 1,382 • Offi cial Grants: 27 projects, See www.adb.org/site/funds/funds/ scholarships. An average of 143 new cofi nancing of $129.30 million japan-fund-for-poverty-reduction for scholarships a year has been awarded • Offi cial Equity: 1 project, cofi nancing details of the JFPR, including the list of during the last 10 years (www.adb.org/ of $21.96 million approved grants. • Commercial Cofi nancing: 10 projects, jsp). cofi nancing of $3.70 billion Asian Clean Energy Fund Leading Asia’s Private Sector Technical Assistance The Asian Clean Energy Fund (ACEF) Infrastructure Fund • Offi cial Grants: 156 projects, was established under the Clean Energy Financing Partnership Facility in 2008. The Leading Asia’s Private Sector cofi nancing of $209.85 million Infrastructure Fund (LEAP) was * A project with more than one source of ACEF is a single-donor fund supported established in March 2016. LEAP is cofi nancing is counted once. by Japan for clean energy projects in an infrastructure cofi nancing fund, ADB’s DMCs. Total ACEF funds made expected to leverage and complement A list of projects cofi nanced by Japan available up to 31 December 2017 ADB’s existing nonsovereign platform is available at www.adb.org/site/ amounted to approximately $57.1 to fi ll fi nancing gaps and increase access cofi nancing/japan. million. to fi nance for infrastructure projects in the region. LEAP is a single-donor Trust Funds Investment Climate Facilitation Fund fund support by the Japan International The Investment Climate Facilitation Trust funds are key instruments to Cooperation Agency (JICA). As of 31 Fund (ICFF) was established under the mobilize and channel external sources December 2017, JICA’s commitment to Regional Cooperation and Integration to fi nance technical assistance the LEAP amounted to $362.13 million. Financing Partnership Facility in 2008. and components of investment Multi-Donor Trust Fund projects. They play an important ICFF is a single-donor fund supported role in complementing ADB’s own by Japan, and funds made available • Afghanistan Infrastructure Trust Fund— funding resources. So far, bilateral and up to 31 December 2017 amounted established in 2010 to deliver fi nancing multilateral sources, foundations, and to approximately $32.24 million. for infrastructure development in private sector partners have contributed Its objective is to fi nance activities Afghanistan and to leverage resources about $8.32 billion, including for trust supported by ADB, including technical through cofi nancing with private sector funds, to ADB operations. Initially, trust assistance that promotes investments and other development partners funds were established through single- in DMCs and facilitates regional » Cumulative commitment: donor channel fi nancing agreements cooperation and integration through $127.5 million Japan’s Share of Procurement Contracts for Loan, Grant, and Technical Assistance Projects 2016 2017 Cumulative (as of 31 Dec 2017) Amount Amount Amount Item ($ million) % of Total ($ million) % of Total ($ million) % of Total Goods, Works, and Related Services 55.75 0.49 28.63 0.27 3,520.91 2.08 Consulting Services 29.03 4.62 15.50 2.09 552.05 4.59 Total Procurement 84.78 0.71 44.13 0.40 4,072.96 2.25 • Cooperation Fund for Regional Trade » Cumulative commitment: NONSOVEREIGN OPERATIONS and Financial Security Initiative— $2.00 million established in 2004 to assist DMCs As a catalyst for private investments, ADB provides direct fi nancial assistance to in establishing eff ective regimes for Cooperation Agreement regional anti-money laundering and nonsovereign public sector and private combating the fi nancing of terrorism • Memorandum of Understanding for sector transactions in the form of direct capacity-building activities Strategic Partnership for Sustainable loans, equity investments, guarantees, B loans, and trade fi nance.