ADB works with Global Affairs Canada (formerly the Department of Foreign Affairs, Trade, and Development), which manages Canada’s diplomatic and consular relations, encourages Canadian international trade, and leads the country’s international development and humanitarian assistance.
Global Affairs Canada’s priority efforts under its Development, Peace, and Security Programming include alleviating suffering in humanitarian crises; reinforcing opportunities for inclusive, sustainable and equitable economic growth; promoting gender equality and the empowerment of women and girls; improving health, nutrition and education outcomes; advancing sexual and reproductive health and rights; implementing climate change and climate finance commitment; and bolstering peace and security.
Global Affairs Canada has highlighted its development priorities in Asia as addressing the region’s most pressing challenges, including reducing poverty; increasing gender equality and empowering women and girls; strengthening governance, promoting human dignity, and protecting the environment.
Sovereign Cofinancing. In 2022, Canada provided $2.7 million in sovereign project-specific cofinancing, including a technical assistance grant for public–private partnership and private sector development in Viet Nam.
Nonsovereign Cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported over 220 transactions valued at $675.3 million with banks domiciled in Canada from inception to December 2022. During the same period, the TSCFP supported over 190 Canadian exports and/or imports valued at $90.2 million. In 2022 alone, the TSCFP supported 18 Canadian exports and/or imports valued at $4.7 million. Exports and/or imports were mainly to/from Viet Nam, Bangladesh, and Pakistan. Underlying goods involved mostly raw and non-energy commodities, food and agriculture-related goods, as well as consumer goods.
Special funds. Canada contributes to ADB special funds where contributions from financing partners are administered with the same level of care as ADB’s own resources. Since becoming a member in 1966, Canada has committed a total of $2.2 billion to special funds, of which $2.1 billion went to the Asian Development Fund (ADF). The ADF provides grants to ADB’s low-income developing member countries to promote poverty reduction and improvements in the quality of life.
Active Trust Funds
Trust funds with ongoing projects or no active projects but with remaining funds are considered active
- Afghanistan Infrastructure Trust Fund*
- Asia Pacific Project Preparation Facility
- Canadian Climate Fund for the Private Sector in Asia (nonsovereign)
- Canadian Climate Fund for the Private Sector in Asia II (nonsovereign)
- Gender and Development Cooperation Fund
- Regional Malaria and Other Communicable Disease Threats Trust Fund
*ADB placed on hold its regular assistance in Afghanistan effective 15 August 2021, including the projects funded under the Afghanistan Infrastructure Trust Fund.
News
“By leveraging IIFL’s focus on financial inclusion and CPFS’ leadership on climate-resilient housing, ADB can help low-income communities to manage the impacts of climate change,” said ADB Director General for Private Sector Operations Suzanne Gaboury. “We are pleased to support IIFL in demonstrating to the construction industry that you can build both affordable and green-certified housing for low-income households.”
ADB, with support from the governments of Canada and Japan, will advance disaster risk management in ASEAN through a technical assistance (TA) that supports the ASEAN Agreement on Disaster Management and Emergency Response Work Programme, 2021-2025. The TA focuses on transboundary implications of disasters, evidence-based decision-making, high-level technology for regional cooperation on transboundary risks, and more.
Stories
Primary school enrollment and completion rates in Bangladesh have increased in the last 20 years. Bangladesh’s Primary Education Development Program introduced innovative approaches that changed the face of basic education in the country—from the adoption of multimedia, reward schemes to encourage kids to stay in school, and teacher training, among others.
Efforts to eliminate malaria risk in the Greater Mekong Subregion have fostered accountable leadership, increased financing, and stronger regional cooperation. Asian leaders have committed to a malaria elimination road map, domestic funding for malaria elimination has increased, and ADB has offered its first health bond for Greater Mekong Subregion countries.
- 7 Years of Uplifting Young Filipinos through JobStart
- Achieving Climate-Friendly Energy Security
- Dealing with Pandemics Today, Preparing for Tomorrow
- Eliminating Malaria in the Mekong
- Emergency Rehabilitation after Floods and Cyclone
- How Cofinancing Spurs Private Investments in Climate Solutions and Gender Equity across Asia and the Pacific
- Partnership Program Enhances Capacity of Mongolia's Water Utilities
- Solar Power Meets Hydropower
Project Map
