ADB works with Denmark’s Ministry of Foreign Affairs (MFA), which administers development cooperation. The Danish International Development Agency under the MFA is responsible for the planning, implementation, and quality assurance of Denmark’s development cooperation. Denmark’s priority interests include security and development; migration and development; inclusive, sustainable growth and development; and freedom and development.
Nonsovereign cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported four transactions valued at $2.5 million with banks domiciled in Denmark from inception to December 2022. During the same period, the TSCFP supported over 40 Danish exports and/or imports valued at $72.5 million. In 2022 alone, the TSCFP supported 3 transactions valued at $1.9 million with banks domiciled in the Denmark and supported 14 Danish exports and/or imports valued at $2.4 million. Exports and/or imports were mainly to/from Viet Nam, Bangladesh, and Mongolia. Underlying goods involved mostly food and agriculture-related goods, industrial machinery and capital goods, as well as medical and pharmaceuticals.
Special funds. Denmark 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, Denmark has committed a total of $277.1 million to special funds, of which $265.2 million 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
Stories
The Outer Islands Renewable Energy Project, funded by ADB, the governments of Australia and Denmark, the European Union, and the Global Environment Facility, is transforming businesses and communities in the Ha’apai island of Tonga with its solar farm, which can provide almost twice the island’s power demand.
ADB is heavily invested in the Pacific by promoting energy efficiency and renewable energy resources, expanding access to energy, and promoting energy sector reform, capacity building, and effective governance. ADB’s collaborative approach to lending and grants allows it to deliver more transformative impacts.
Project Map
