Four government agencies are responsible for Spain’s official development assistance. The Ministry of Finance and Civil Service prepares the development budget bill and channels it to European Union institutions. The Ministry of Foreign Affairs, European Union and Cooperation sets the strategic orientation of the Spanish development policy. On the other hand, the Spanish Agency for International Development Cooperation (AECID) implements bilateral humanitarian aid and provides funding to civil society organizations. The Ministry of Economic Affairs and Digital Transformation (MINECO) represents Spain in international financial institutions and multilateral banks. AECID and MINECO jointly manage the Spanish Development Promotion Fund.
Sovereign Cofinancing. In 2022, Spain committed a replenishment of €5 million (around $4.9 million) for the Spanish Cooperation Fund for Technical Assistance. The fund, established in 2000 in cooperation with Spain, is a single-donor trust fund designed to finance project preparation technical assistance operations and transaction advisory services. Eligible ADB developing member countries from Central and West Asia, South Asia, and Southeast Asia may tap the trust fund to fund activities in any of these sectors: transport, agriculture, energy, water and other urban infrastructure services, and sustainable and smart cities.
Spain also committed €5 million (around $4.9 million) to the Cities Development Initiative for Asia Trust Fund, the country’s first commitment for this multi-donor trust fund. The fund supports infrastructure projects that emphasize poverty reduction, environmental improvement, climate change mitigation and/or adaptation, and good governance.
Nonsovereign Cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported over 5,520 transactions valued at $2.1 billion with banks domiciled in Spain from inception to December 2022. During the same period, the TSCFP supported over 290 Spanish exports and/or imports valued at $94.5 million. In 2022 alone, the TSCFP supported 1,572 transactions valued at $706.7 million with banks domiciled in Spain and supported 25 Spanish exports and/or imports valued at $7.4 million. Exports and/or imports were mainly to/from Pakistan, Viet Nam, and Bangladesh. Underlying goods involved mostly raw and non-energy commodities, food and agriculture-related goods, as well as industrial machinery and capital goods.
Special funds. Spain 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 1986, Spain has committed a total of $518.7 million to special funds, of which $492.6 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
News
New ADB Facility to Help Southeast Asia Revive Tourism and Boost Sustainable, Inclusive Investments
ADB has set up a $1.7 million technical assistance facility to accelerate Southeast Asia’s tourism recovery from the coronavirus disease (COVID-19) pandemic, boost inclusive, sustainable development in the sector, and help local tourism entrepreneurs, especially women and youth, adopt digital platforms to grow their businesses.
Stories
To help the country reduce its reliance on fossils, ADB, the Clean Energy Fund under the Clean Energy Financing Partnership Facility, the European Union, and the Government of New Zealand are helping the Government of Samoa build new hydropower plants while rehabilitating those that have been degraded by cyclones.
To minimize the loss of lives and resources due to flooding, a new project in Nepal will introduce flood control infrastructure and flood forecasting systems in the Terai region, known as Nepal’s granary for being the largest producer of agricultural produce in the country.
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