fbpx Public Sector (Sovereign) Financing | Asian Development Bank

Public Sector (Sovereign) Financing

ADB offers a range of financing instruments, products, and modalities to provide developing member countries with flexibility in determining how they can achieve development results.

The end date for LIBOR has been confirmed

LIBOR Transition

The global financial industry is undertaking a significant transformation with the phasing out of London interbank offered rate (LIBOR) and transition to alternative reference rates.

ADB is supporting borrowers through the LIBOR transition. A disorderly LIBOR transition would present systemic risks and idiosyncratic risks for market participants and could have negative implications for borrowers. ADB has been preparing since 2018 to support borrowers towards an orderly LIBOR transition and to safeguard its financial soundness.

The impact of COVID-19. The phasing out of LIBOR has not been delayed by COVID-19. Global financial regulators have reconfirmed market participants need to be prepared to transition away from LIBOR by the end of 2021.

On 23 March 2021, the Alternative Reference Rates Committee (ARRC) announced that it will not be in a position to recommend a robust forward-looking Secured Overnight Financing Rate term rate by mid-2021, and that it cannot guarantee that it will be able to do so by the end of 2021. The ARRC encourages all market participants to continue to transition from LIBOR using the tools available now. Read more.

More on LIBOR Transition

Lending and Grant Modalities

Investment Lending Modalities

Investment Lending Modalities

pay for goods, works, and services related to specific projects. Investment lending includes the project loan, sector loan, financial intermediation loan, emergency assistance loan, and multitranche financing facility.

Policy-Based Lending

Policy-Based Lending

provides general budget support to borrowers, helping countries facing a financing gap in their annual budget. PBL is disbursed only when the borrower completes policy reforms or actions that have been agreed with ADB.

Results-Based Lending

Results-Based Lending

focuses on the positive change ADB’s support brings to beneficiaries. This modality supports government-owned programs through a performance-based form of financing.

Learn more about ADB's lending and grant modalities

ADB's wide range of modalities meet the diverse and evolving needs of developing member countries.

Others modalities include project readiness financing, the small expenditure financing facility, PPP standby financing facility, and technical assistance.

Publications and Documents

Institutional Document | 06 May 2020

2019 Annual Portfolio Performance Report

The annual portfolio performance report (APPR) is a management report that details the state of the sovereign and nonsovereign portfolios of the Asian Development Bank (ADB).

Business Guide | 27 Jul 2021

Overview of LIBOR-based Loans: Sovereign and Sovereign-Guaranteed Borrowers

This brochure gives an overview of ADB's London Interbank Offered Rate (LIBOR)-based Loans for its sovereign and sovereign-guaranteed borrowers from 1 July to 31 December 2021.

19 Sep 2019 | Institutional Document

Chair’s Summary – Mainstreaming the Results-Based Lending for Programs

This document summarizes the discussion of the meeting of the ADB Board of Directors held on 19 September 2019 discussing the proposed policy for Mainstreaming the Results-Based Lending for Programs.

29 Aug 2019 | Institutional Document

Mainstreaming the Results-Based Lending for Programs

This policy paper proposes that the Asian Development Bank (ADB) mainstream results-based lending (RBL) as a regular ADB financing modality.

Fast Facts

Related Links

Public Sector (Sovereign) Projects

Project Cycle

Funds and Resources

Statement of ADB Operations


News Release | 28 May 2020

ADB, UNICEF Send Medical Supplies to Help Pacific Prepare for COVID-19

A stock of tents and other medical supplies financed by the Asian Development Bank (ADB) and the United Nations Children’s Fund (UNICEF) have been delivered to health authorities in Kiribati, the first stop of a program aimed at helping the Pacific respond to a potential outbreak of the novel coronavirus disease (COVID-19) pandemic.

28 May 2020 | News Release

ADB $100 Million Loan to Mitigate Adverse Health, Economic Impacts of COVID-19 in Georgia

The Asian Development Bank (ADB) has approved a $100 million loan to help the Government of Georgia contain the spread of the novel coronavirus disease (COVID-19) pandemic, mitigate the impact on businesses, and protect the livelihoods of the most vulnerable, including women and children.

26 May 2018 | News Release

ADB Approves $250 Million Support for Nepal's COVID-19 Response

The Asian Development Bank (ADB) today approved a $250 million concessional loan to help the Government of Nepal fund its response to the novel coronavirus disease (COVID-19) pandemic, which includes measures to strengthen the country’s public health systems and mitigate the adverse economic and social impacts of the pandemic, particularly on the poor.

News Release | 25 May 2020

ADB Approves $20 Million to Support Lao PDR's Emergency Response to COVID-19

The Asian Development Bank (ADB) today approved a $20 million loan to support the Lao People’s Democratic Republic’s (Lao PDR) response to the novel coronavirus disease (COVID-19) pandemic.

Contact Us

Financial Products

Deepak TANEJA (Mr) Principal Treasury Specialist Treasury Client Solutions Unit   +63 2 8683 1549   E-mail


Loan Administration Division (CTLA)
  +63 2 8683 4543  E-mail

Accounting and billing
Loan and Treasury Accounting Section Accounting Division (CTAC-LTA)
  +63 2 8683 4577    +63 2 8683 4551   E-mail

Client portals

Client Portal for Disbursements (CPD)

Only authorized users can access the system. Users can request access by completing registration and evidence of authorized persons forms. Borrowers can also request viewer access. Download the forms.  Borrowers and their executing and implementing agencies, can access the CPD through this link: https://cpd.adb.org.

CPD help desk   +63 2 8632 4422   E-mail

Loan and Grant Financial Information Services (LFIS)
The LFIS website is for borrowers/recipients and executing agencies. It provides online information on loans and grants basic data, summaries, status of withdrawal applications, contract ledgers, disbursement data and reports to internal and authorized external users. 

Visit the LFIS website.

Access requests for LFIS and other system-related issues may be addressed to:

System Support Group SectionController’s Department (CTAC-TFAE SSG)   +63 2 8632 4694   E-mail

Last updated 26 June 2017