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The Treasury Department manages the financial aspects of the official development assistance of the United States (US), including contributions to multilateral development banks and international financial institutions.
ADB and the US have had a long-standing relationship on mutual development objectives for the Asia and Pacific region. These have included several engagements with US agencies, and cofinancing support to specific projects and programs.
In October 2024, the US–ASEAN Business Council and the Executive Director’s Office of ADB co-hosted the Partners’ Night, preceding ADB’s 12th Business Opportunities Fair. The event gathered around 100 attendees, including senior officials from the Philippine government, multilateral institutions, the diplomatic corps, development institutions, and the private sector, to foster cooperation and economic growth in the ASEAN region.
The US is a founding member of ADB and has, since 1966, committed $5 billion to ADB special funds. Of this commitment, $4.8 billion is for the Asian Development Fund (ADF). The ADF provides grants to ADB’s low-income, developing member countries to help reduce poverty and improve the quality of life.
24 September 2024
ADB announced a set of actions to mainstream lead exposure mitigation into its operations, as part of its participation in the newly formed Partnership for a Lead-Free Future, a global initiative led by UNICEF and the United States Agency for International Development.
3 May 2024
Donors and ADB agreed to a replenishment of $5 billion for ADB’s Asian Development Fund 14 and Technical Assistance Special Fund 8. The commitment was made during ADB’s 57th Annual Meeting.
Leveraging its financing resources through partnerships with donors including the United States Agency for International Development, ADB provided urgent reconstruction to accelerate Nepal’s recovery from the April 2015 earthquake.
ADB, with its partners—the European Union, the Global Partnership for Education Fund, the governments of Finland and Norway, the Japan International Cooperation Agency, UNICEF, the United States Agency for International Development, and the World Bank—is improving Nepal’s access to quality education.
ADB and the United States collaborated on several knowledge products and events including the following:
This report delivers an in-depth analysis of operational certification procedures across a range of Asian free trade agreements (FTAs).
This presentation gives an overview of urban and rural landscapes, focusing on case studies of urban nature-based solutions in the United States.
This paper examines real and financial spillovers to safe haven financial flow destinations due to risk-off shocks in global financial markets. Country-specific structural vector autoregression models over the period 1990 to 2021 show that the dynamics for Japan appear to be different from those of Switzerland and the United States in four main ways.
Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.
*ADB’s regular assistance to Afghanistan has been on hold since 15 August 2021, but the bank has supported the basic needs of the Afghan people since 2022 through a special arrangement with United Nations agencies.
The United States first contributed to the Afghanistan Infrastructure Trust Fund* in 2013 and provided annual replenishments from 2015-2017.
The United States contributed to the Nonsovereign Revolving Trust Fund in 2023.
The United States contributed to the Urban Climate Change Resilience Trust Fund in 2014 and exited from the fund in 2016.
The United States is a founding member of ADB and contributes to ADB’s development initiatives through two key avenues: Cofinancing and Special Funds.
Contributions to the Asian Development Fund and Technical Assistance Special Fund are cumulative from 1966. Project-specific cofinancing commitments is from 2020 to 2024.
Sovereign Cofinancing. In 2024, the United States (US) Agency for International Development committed $1 million to strengthen public procurement and state audit functions of the Government of the Lao People’s Democratic Republic.
Nonsovereign Cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported over 16,340 transactions valued at $25.1 billion with banks domiciled in the US from 2009 to 2024. During the same period, the TSCFP supported over 3,090 American exports and/or imports valued at $2.5 billion. In 2024 alone, the TSCFP supported 719 transactions valued at $1 billion with banks domiciled in the US and supported 418 American exports and/or imports valued at $437.4 million. Exports and/or imports were mainly to/from Viet Nam, Bangladesh, and Indonesia. Underlying goods involved mostly food and agriculture-related goods, textiles and apparel, as well as raw and non-energy commodities.
The US has also been supportive of ADB’s TSCFP and provided $1.5 million to fund supply chain finance capacity development to support small and medium-sized enterprises in Bangladesh, Sri Lanka, and Nepal.
