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Donors and the Asian Development Bank (ADB) have pledged $5 billion to replenish the Asian Development Fund (ADF) 14 and the Technical Assistance Special Fund (TASF) 8. This commitment was announced during the ADB’s 57th Annual Meeting held in Tbilisi, Georgia.

ADF 14 will provide grants to developing member countries, including Micronesia, Kiribati, Kyrgyz Republic, Maldives, Marshall Islands, Nauru, Samoa, Solomon Islands, Tajikistan, Tonga, Tuvalu, and Vanuatu. Grants will also be allocated to transformative projects in Bangladesh, Cook Islands, Fiji, Pakistan, Papua New Guinea, Sri Lanka, and others. As ADB’s largest source of grants for its poorest and most vulnerable members, the ADF is replenished every four years. TASF 8 will provide grants for project preparation, capacity building, and technical or policy advice.

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