Safeguard Policy Statement & Strategy 2020 Midterm Review
ADF-OCR MERGER
to Boost Support for
Region's Poor
ADB's Board of Governors recently approved a groundbreaking
initiative to combine the lending operations of the bank's
Asian Development Fund (ADF) with its ordinary capital
resources (OCR) balance sheet.
The merger will become effective on January 1, 2017.
The merger will boost ADB's total annual lending and grant
approvals to as high as $20 billion-50% more than the
current level. ADB assistance to poor countries will rise by up
to 70%.
The merger will further strengthen ADB's creditworthiness and
is perceived favorably by rating agencies:
1. Strengthen ADB's business profile (franchise value, etc.)
2. Enhance financial profile (almost triple OCR equity base)
3. Provide further diversification of OCR loan portfolio.
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