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The Asian Development Bank (ADB) is dedicated to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.Established in 1966, it is owned by 68 members—49 from the region—who have committed $296.28 billion in loans to the vision of a region free of poverty.Despite the region’s successes, issues that remain to be addressed include poverty and inequality, climate change, growing environmental pressures, and large infrastructure deficits.France has contributed $3.42 billion in capital subscription as of 31 December 2019. It has contributed and committed $1.47 billion to Special Funds since joining in 1970.
Companies and consultants from France have since been awarded $1.65 billion in procurement contracts on ADB-financed projects.In 2019, lending volume was $20.47 billion (133 projects), with technical assistance at $237.31 million (252 projects) and grant-financed
Established in 1966, ADB has committed $296.28 billion in loans to the vision of an Asia and Pacific region free of poverty. France joined ADB in 1970.
FRANCE: ShAREholdiNg ANd VotiNg PowERNumber of shares held: 247,068 (2.322% of total shares)
Votes: 286,182 (2.152% of total membership, 6.170% of total nonregional membership)
Overall capital subscription: $3.42 billion
Paid-in capital subscription: $170.86 million
ASIAN DEVELOPMENT BANKMEMBER FACT SHEET
FRANCE CoNtRibutioNS to SPECiAl FuNdS RESouRCES
France has contributed to the Asian Development Fund (ADF), which was ADB’s window for concessional lending to its borrowing members up to 31 December 2016 and continued as a grant-only operation from 1 January 2017; and the Technical Assistance Special Fund (TASF), which provides grants to borrowing members to help prepare projects and undertake technical or policy studies.
Contributions:ADF (committed): $1.41 billion TASF (committed): $55.38 million
projects at $844.07 million (31 projects). In addition, $11.86 billion was generated in commitments from sovereign and nonsovereign cofinancing.
From 1 January 2015 to 31 December 2019, ADB’s annual lending volume averaged $17.41 billion. In addition, investment grants and technical assistance funded by ADB and Special Funds resources averaged $702.60 million and $202.27 million respectively over the same period.
As of 31 December 2019, the cumulative totals excluding cofinancing were $296.28 billion in loans for 3,221 projects in 44 countries, $10.23 billion in 409 grants, and $4.72 billion in technical assistance grants, including regional technical assistance grants.
In addition to loans, grants, and technical assistance, ADB uses guarantees and equity investments to help its developing member countries (DMCs).
With headquarters in Manila, ADB has 44 offices around the world with 3,555 staff from 64 of its 68 members as of 31 December 2019.
Published in May 2020
FINANCING PARTNERSHIPSADB arranges cofinancing from bilateral and multilateral sources, export credit agencies, and commercial sources in the form of loans and grants, B loans, risk
transfer arrangements, parallel loans and equity, guarantees, and cofinancing for transactions under ADB’s Trade Finance Program. Cofinancing brings additional resources to ADB’s project financing. In 2019, total sovereign and nonsovereign
cofinancing commitments amounted to $11.86 billion for 185 projects, of which $11.64 billion was for 64 investment projects and $226.48 million was for 121 technical assistance projects. Cumulative sovereign and nonsovereign
Investment Projects Cofinanced with France, 1 January 2015–31 December 2019
Country ProjectADB Amounta
($ million)Cofinancing Amount
($ million) Type of Cofinancingb
Azerbaijan Railway Sector development Program 400.00 100.00 lSenior loans - Accessbank Azerbaijan and Finca Azerbaijan improving Financial Service outreach for Agriculture
75.00 22.37 NS
Shah deniz Stage ii gas Field Expansion 250.00 47.44 NSShah deniz gas Field Expansion 500.00 84.60 NS
bangladesh bibiyana ii gas Power 75.00 13.82 NSdhaka Environmentally Sustainable water Supply 250.00 64.00 ldhaka water Supply Network improvement 275.00 128.00 l
Cambodia Cambodia Solar Power 3.60 2.70 NSProvincial water Supply and Sanitation 50.00 43.54 lRural Roads improvement ii – Additional Financingc – 40.00 ltechnical and Vocational Education and training Sector development Program – Additional Financingc
30.00 15.00 l
urban water Supply 34.00 9.00 lChina, People’s Republic of dynagreen waste-to-Energy Project 100.00 9.63 NS
health Care Finance in underdeveloped Provinces 150.00 27.43 NSloan Program for Clean bus leasing – Far East horizon limited 100.00 13.00 NSShandong green development Fund 100.00 84.53 l
india dahej liquiefied Natural gas terminal Expansion Phase iii 150.00 17.55 NSgreen Energy Corridor and grid Strengthening Project 500.00 79.93 NSKutch wind Project 93.00 30.23 NSocean Sparkle Expansion Project 40.00 16.25 NSSenior loan to indusind bank to Promote Access to Finance for women in less developed States
200.00 26.31 NS
Senior loan to Rbl bank 151.00 23.56 NSStrengthening Rural Financial inclusion and Farmer Access to Markets - Axis bank
200.00 23.97 NS
Strengthening Rural Financial inclusion and Farmer Access to Markets - Yes bank
200.00 17.50 NS
Railways track Electrification 750.00 128.28 NSindonesia Jawa-1 liquefied Natural gas-to-Power 185.05 122.02 NS
Sustainable and inclusive Energy Program – Subprogram 1 400.00 150.00 lSustainable and inclusive Energy Program – Subprogram 2 400.00 110.00 ltangguh liquefied Natural gas Expansion 400.00 210.00 NS
Myanmar irrigated Agriculture inclusive development 75.00 27.90 lMandalay urban Services improvement 60.00 46.00 lNationwide data Connectivity 150.00 58.34 NS
Pakistan Access to Clean Energy investment Program 325.00 78.60 lEngro Fast track lNg Regasification Project 30.00 9.67 NSNew bong Escape hydropower (laraib Energy limited) 37.30 9.63 NSPeshawar Sustainable bus Rapid transit Corridor 335.00 150.00 lPower transmission Enhancement investment Program – tranche 4
248.00 82.50 l
Sustainable Energy Sector Reform Program – Subprogram 3 300.00 108.00 lPhilippines Expanding Private Participation in infrastructure Program –
Subprogram 2 300.00 179.00 l
inclusive Finance development Program – Subprogram 1 300.00 174.00 llocal government Finance and Fiscal decentralization Reform Program – Subprogram 2
250.00 150.00 l
Sri lanka greater Colombo water and wastewater Management improvement investment Program – tranche 2
88.00 70.00 l
green Power development and Energy Efficiency improvement investment Program – tranche 1
150.00 30.00 l
green Power development and Energy Efficiency improvement investment Program – tranche 2
150.00 30.00 l
Proposed loan hatton National bank for Supporting infrastructure development
75.00 8.63 NS
uzbekistan Economic Management improvement Program –Subprogram 1c – 170.57 lViet Nam Mainstreaming Small and Medium-Sized Enterprises lending 200.00 31.30 NS
ha Noi Metro Rail System (line 3: Nhon–ha Noi Station Section)
357.80 637.40 l
Regional ASEAN distributed Power (Phase 2) 235.00 17.25 NSRegional trade Finance Programd 419.67 143.33 NS– = nil, ASEAN = Association of Southeast Asian Nations.a Loan, grant, or blend.b L = sovereign loan cofinancing, NS = nonsovereign cofinancing. c Anchor project was approved in prior year(s) with cofinancing committed between 2015 and 2019. d The $1 billion limit for ADB’s Regional Trade Finance Program (TFP), approved by the Board of Directors in 2009, is the maximum exposure the TFP can assume at any one point in time. This limit has never
been breached. Although the TFP exposure exceeded $1 billion annually from 2015 to 2019, the TFP limit was not breached at any one point in time because TFP transactions tend to be short—on average less than 180 days—and the TFP limit can revolve (be reused) within a year. In addition, the TFP distributes risk exposures to various partners that leverage its capital resources.
cofinancing commitments for the period 1970–2019 amounted to $109.46 billion for 2,842 projects, of which $106.99 billion was for 964 investment projects and $2.47 billion was for 1,878 technical assistance projects.
Cofinancing commitments with France from 1 January 2015 to 31 December 2019 comprised the following:
Projects• Sovereign:35projects,cofinancingof
$2.68 billiono Loans: 24 projects, cofinancing of
$2.68 billiono Technical assistance: 11 projects,
cofinancing of $5.64 million
• Nonsovereign:26projects,cofinancing of $1.19 billion
A list of projects cofinanced with France is available at www.adb.org/site/cofinancing/europe.
Trust FundsTrust funds are key instruments to mobilize and channel external sources to finance technical assistance and components of investment projects. They play an important role in complementing ADB’s own funding resources. Initially, trust funds were established through single-donor channel financing agreements targeting a number of specific sectors. ADB has been increasingly switching to multi-
donor trust funds covering thematic issues. A more recent development is the establishment of trust funds under theme-focused umbrella initiatives, called financing partnership facilities, which support priority areas in ADB’s long-term strategic framework, Strategy 2030, such as water, clean energy, regional cooperation and integration, urban sector financing, and health.
France has contributed to the following trust funds:
Single-Donor Trust Funds• France Technical Assistance Grant
Fund—established in 1989 to finance project preparation, advisory services, project implementation, and other technical assistance in various DMCs, with a focus on a wide variety of sectors, including energy, banking, railways, urban transport, agriculture, risk management, water treatment, transport, urban water supply, and the environment
» Cumulative commitment: FF150 million
• Cooperation Fund for Project Preparation in the Greater Mekong Subregion and in Other Specific Asian Countries—established in 2004 to promote project preparatory technical assistance operations to be designed, processed, and administered at the sole discretion of ADB with regional cooperation focus in the Greater
Mekong Subregion, Central Asia, and the Caucasus
» Cumulative commitment: €5.8 million
Cooperation Agreements• MemorandumofUnderstanding
between Groupe de l’Agence Française de Développement and ADB on Establishing Operational Arrangements—signed in 2003
• Partnership Framework Agreement— renewed and signed in 2010
• FrameworkCofinancingAgreementbetween ADB and Agence Française de Développement—signed in 2010, amended and restated in 2013, renewed in 2016 and amended in 2019 adding “Mobilize your Cities” as a new common initiative.
NoNSovEREIGN oPERATIoNSAs a catalyst for private investments, ADB provides financial assistance to nonsovereign projects and financial intermediaries. Total commitments from ADB’s own funds (in equity and direct loans) in 2019 amounted to $3.00 billion for 38 transactions in economic and social infrastructure, the finance sector, and agribusiness. ADB also actively mobilizes cofinancing from commercial and concessional sources. In 2019, ADB mobilized $3.28 billion of long-term cofinancing and $3.69 billion of cofinancing
Top 5 Contractors/Suppliers from France Involved in Goods, Works, and Related Services Contracts under ADB Loan and Grant Projects, 1 January 2015–31 December 2019
Contractor/Supplier Sector
Contract Amount
($ million)VCgP - bESSAC (JV) wuS 70.32 gE hydro (FRA) & gE Renewable (Swi) (JV)
ENE 60.17
Alcatel Submarine Networks iCt 15.78 Akuo Energy S.A.S. ENE 15.63 Safran identity and Security iCt 5.85 others 12.55 Total 180.30 ENE = energy, iCt = information and communication technology, wuS = water and other urban infrastructure and services.
Top 5 Consultants from France Involved in Consulting Services Contracts under ADB Loan, Grant, and Technical Assistance Projects, 1 January 2015–31 December 2019
Consultant Sector
Contract Amount
($ million)EgiS international ANR, tRA, wuS 97.58 Safege (Société Anonyme Française d' Etude de gestion et d' Entreprises)
tRA, wuS 23.15
Sofreco (Societe Francaise de Realisation d' Etudes et de Conseil)
ANR, Edu, ENE, tRA
20.99
Coyne et bellier & Endustriyel Elektrik Maden llC (JV)
ENE 10.52
Conseil Santé S.A. hlt 5.76 individual Consultants 11.11 others 25.37 Total 194.47 ANR = agriculture, natural resources, and rural development; Edu = education; ENE = energy; hlt = health; tRA = transport; wuS = water and other urban infrastructure and services.
France’s Share of Procurement Contracts for Loan, Grant, and Technical Assistance Projects
Item
2018 2019 Cumulative (as of 31 dec 2019)Amount
($ million) % of TotalAmount
($ million) % of TotalAmount
($ million) % of Totalgoods, works, and Related Services 60.23 0.49 19.40 0.14 1,106.85 0.57 Consulting Services 62.40 8.84 37.20 4.99 545.94 4.07 Total Procurement 122.63 0.94 56.60 0.38 1,652.79 0.80
China (PRC); banks in Cambodia, India, Sri Lanka, and Viet Nam; a regional agriculture project; an agriculture project in Armenia; and transport projects in India and the PRC.
PRoCuREmENTEach year, ADB provides loans, grants, and technical assistance to fund projects and activities in its DMCs; and several billion dollars in contracts to procure goods, works, and consulting services. Most contracts are awarded on the basis of international competition, which is open to firms and individuals from any ADB member, regional or nonregional.
Share of ADB’s Procurement Contracts
Goods, Works, and Related ServicesADB’s procurement contracts in Asia and the Pacific for goods, works, and
related services under loan and grant operations totaled $12.38 billion in 2018 and $14.27 billion in 2019. Cumulative procurement since 1966 has been $194.28 billion covering 219,119 contracts.
In France, 686 contracts worth $1.11 billion have been awarded to contractors and suppliers since 1970.
Consulting ServicesADB’s procurement contracts in Asia and the Pacific for consulting services under loan, grant, and technical assistance operations totaled $706.15 million in 2018 and $745.02 million in 2019. Cumulative procurement since 1966 has been $13.4 billion covering 63,327 contracts.
In France, , 693 contracts worth $545.94 million have been awarded to consultants since 1970.
through its trade finance, microfinance, and supply chain finance programs. Total outstanding balances and commitments of nonsovereign transactions funded by ADB’s own resources stood at $13.78 billion as of 31 December 2019.
ADB has cooperated with various French entities such as Total Eren, Coface SA, ENGIE Energie Services, Societe Generale, BNP Paribas, Société et de Promotion de Participation pour la Coopération Economique, Credit Agricole, Agence Française de Développement, Richel, Électricité de France, XL Insurance Company, Chubb European Group SE, Microcred S.A.S., and BRED Banque Populaire SA. They have provided loans to and equity investments in various transactions alongside ADB, among which are energy projects in Azerbaijan, Bangladesh, Cambodia, India, Indonesia, Kazakhstan, the Lao People’s Democratic Republic, Pakistan, and the People’s Republic of
ADB GovERNoRBruno Le maire is the Governor for France in ADB.
ADB ALTERNATE GovERNoRodile Renaud-Basso is the Alternate Governor for France in ADB.
ADB DIRECToR AND ALTERNATE DIRECToRPierre-Emmanuel Beluche (France) is the Director and Enrique Galán (Portugal) is the Alternate Director representing France on the ADB Board of Directors.
ADB DIRECToR’S ADvISoRSStefany Knoll (Belgium) and Pablo Facchinei (Italy), together with the Director and Alternate Director, also provide technical advice and assist interested parties of the constituency members in their contacts with ADB.
CoNSTITuENCy REPRESENTEDThe constituency that Director Beluche and Alternate Director Galán represent on the ADB Board of Directors also includes Belgium, Italy, Portugal, Spain, and Switzerland.
ADB STAFF mEmBERSAs of 31 December 2019, there were 45 international staff from France in ADB (30 men and 15 women), which represents 3.5% of the total international staff, including five senior staff members.
ANNuAL mEETINGADB’s 27th Annual Meeting was held in Nice on 3–5 May 1994.
CommERCIAL LIAISoN To ADBBusiness France Philippines officeEmbassy of France34thFloor,Units34AandBRufino Pacific Tower6784 Ayala Avenue, Makati City1200 Metro Manila, PhilippinesTel +63 2 8811 1002 Anna Austria is the ADB Liaison Officer of Business France in the Philippines.
CoNTACTSEuropean Representative officeADB’s European Representative Office is located at Barckhausstr. 1, 60325 Frankfurt, Germany.Tel +49 69 2193 6400Fax +49 69 2193 [email protected]/ERORobert m. Schoellhammer is the Representative.
ADB Headquarters6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines Tel +63 2 8632 4444 Fax +63 2 8636 2444 www.adb.org
Notes:ADB welcomed Niue as its 68th member in March 2019.FiguresareestimatedbyADB,unlessotherwisestated.“$”referstoUnitedStatesdollars.Data are updated as of 31 December 2019, unless otherwise indicated.
The Kandy-Mahiyangana national highway in central Sri Lanka was upgraded under the ADB-supported National Highways Sector Project.
