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https://www.government.se/press-releases/2024/12/sweden-provides-sek-258-million-to-asian-development-fund/
Submission: On December 31 via api from US — Scanned from SE
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Please enable javascript in your browser Skip to content Meny Huvudnavigering * The Government of Sweden * About the Government of Sweden * Prime Minister's Office * Ulf Kristersson, Prime Minister * Jessica Rosencrantz, Minister for EU Affairs * Ministry of Climate and Enterprise * Ebba Busch, Minister for Energy, Business and Industry and Deputy Prime Minister * Romina Pourmokhtari, Minister for Climate and the Environment * Ministry of Culture * Parisa Liljestrand, Minister for Culture * Ministry of Defence * Pål Jonson, Minister for Defence * Carl-Oskar Bohlin, Minister for Civil Defence * Ministry of Education and Research * Johan Pehrson, Minister for Education * Lotta Edholm, Minister for Schools * Ministry of Employment * Mats Persson, Minister for Employment and Integration * Paulina Brandberg, Minister for Gender Equality and Working Life * Ministry of Finance * Elisabeth Svantesson, Minister for Finance * Erik Slottner, Minister for Public Administration * Niklas Wykman, Deputy Minister for Finance, Minister for Financial Markets * Ministry for Foreign Affairs * Maria Malmer Stenergard, Minister for Foreign Affairs * Benjamin Dousa, Minister for International Development Cooperation and Foreign Trade * Ministry of Health and Social Affairs * Jakob Forssmed, Minister for Social Affairs and Public Health * Acko Ankarberg Johansson, Minister for Health Care * Anna Tenje, Minister for Older People and Social Security * Camilla Waltersson Grönvall, Minister for Social Services * Ministry of Justice * Gunnar Strömmer, Minister for Justice * Johan Forssell, Minister for Migration * Ministry of Rural Affairs and Infrastructure * Peter Kullgren, Minister for Rural Affairs * Andreas Carlson, Minister for Infrastructure and Housing * Government policy in Sweden & the EU * The Government’s priorities * Statement of Government Policy * The Statement of Government EU Policy * Statement of Foreign Policy * Central government budget * Sweden in the EU * Adult education * Care for older people * Central government adminstration * Children’s rights * Civil defence * Civil society and sport * Combating terrorism * Constitution of Sweden and personal privacy * Consumer affairs * Culture * Digital policy * Disabilities * Democracy and human rights * Economic policy * Education for children and young people * Efforts to counter exclusion * Emergency preparedness * Energy * Enterprise and industry * Environment and climate * Family law * Financial markets * Foreign and security policy * Gambling policy * Gender equality * Higher education, research and space * Housing and community planning * Innovation * International development cooperation * International law * Integration * Judicial system * Labour law and work environment * Labour market * Liberal adult education * Media * Medical care * Mental health and mental health care * Migration and asylum * Military defence * Municipalities and regions * Nordic affairs * Public health * Public procurement * Regional development * Rural affairs * Social insurance * Social services * State-owned enterprises * Student finance * Taxes and tariffs * Trade and investment promotion * Transport and infrastructure * Youth policy * Documents & publications * Information material * International development cooperation strategies * Legal documents * Reports * Swedish Treaty Series * How Sweden is governed * About how Sweden is governed * The Swedish model of government administration * The Constitution * The principle of public access to official documents * General elections and referendums * Swedish legislation - 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how laws are made * Committees * Public agencies and how they are governed * State-owned enterprises * Press & contacts * Press contacts * Government Offices Press Information Officers * Ministry for Foreign Affairs Press Office * International Press Centre * Press releases * Press Images * Webcasts * Contact Press release from Ministry for Foreign Affairs SWEDEN PROVIDES SEK 258 MILLION TO ASIAN DEVELOPMENT FUND Published 17 December 2024 The Government has decided to provide a maximum of SEK 258 million (approximately USD 25.06 million) to the Asian Development Fund (ADF). These new funds will support long-term economic development and poverty reduction in the poorest and most vulnerable developing countries in Asia and the Pacific region. “This year, the Government is increasing its contribution to the ADF and providing SEK 258 million. It is thus continuing to strengthen multilateral development banks, which can mobilise and combine private and public resources to combat poverty. The ADF plays a key role in supporting particularly vulnerable countries in areas such as climate, regional cooperation and integration, gender equality, women’s economic empowerment, private sector development and migration. It also provides urgent support to developing countries in crises,” says Minister for International Development Cooperation and Foreign Trade Benjamin Dousa. This support will, among other things, contribute to investments in regional cooperation and integration, climate measures focusing on the needs in countries affected by climate change, infrastructure, private sector development, sustainability, education, gender equality and governance. The ADF’s support is primarily intended for countries with low credit ratings or limited repayment capacity. Its contributions can be a way for these countries to reduce their financial burden. The ADF has proved effective in responding to unexpected crises, such as natural disasters, pandemics and economic shocks, and it has mechanisms to swiftly channel resources to emergency situations. ASIAN DEVELOPMENT FUND (ADF) The ADF is a fund within the Asian Development Bank (ADB) that provides grants and concessional loans with low interest rates and long repayment periods to the poorest and most vulnerable developing countries in Asia and the Pacific region. Resources provided to the ADF are used to stimulate investments in projects that otherwise could not be implemented. In addition to financing, it offers technical support and advice for capacity development. Its activities support the poorest countries’ development, recovery and debt sustainability, and contribute to effective climate action and green transition. Through co-financing and resource mobilisation by other development partners, commercial actors or governments, the ADF creates leverage and contributes to systemic changes and structural reforms in ADB member countries. It also finances projects that improve cross-border infrastructure, trade and cooperation between countries and strengthen economic integration in the region, which promotes long-term stability and growth. PRESS CONTACT Linn Laurin Press Secretary to Minister for International Development Cooperation and Foreign Trade Benjamin Dousa Phone (switchboard) +46 8 405 10 00 Mobile +46 76 133 67 90 email to Linn Laurin SHARE * Facebook * X * LinkedIn * Email THE PAGE IS MARKED WITH THE FOLLOWING CATEGORIES * Press release * Benjamin Dousa * Ministry for Foreign Affairs * International development cooperation * International RELATED * Swedish Government increases humanitarian support to Gaza and surrounding region Published 20 December 2024 · Press release from Benjamin Dousa, Ministry for Foreign Affairs * Minister for International Development Cooperation and Foreign Trade visits Israel and Palestine Published 17 December 2024 · Press release from Benjamin Dousa, Ministry for Foreign Affairs * New Swedish support to food security and rural development Published 12 December 2024 · Press release from Benjamin Dousa, Ministry for Foreign Affairs * Government investing in new and innovative instrument from the IBRD Published 10 December 2024 · Press release from Benjamin Dousa, Ministry for Foreign Affairs CONTENTS ON GOVERNMENT.SE Contents on government.se * The Government of Sweden * Government policy * Sweden in the EU * How Sweden is governed * Press room * Contact Information * About the website * Legal documents * Subscribe via email * The Government Offices MINISTRY Ministry * Prime Minister's Office * Ministry of Climate and Enterprise * Ministry of Culture * Ministry of Defence * Ministry of Education and Research * Ministry of Employment * Ministry of Finance * Ministry for Foreign Affairs * Ministry of Health and Social Affairs * Ministry of Rural Affairs and Infrastructure * Ministry of Justice CONTACT The Government Offices SE-103 33 Stockholm Sweden Switchboard: +46 8 405 10 00 * Contact This is the common website of the Government and the Government Offices. * About the Government Offices of Sweden * Cookie settings COOKIE SETTINGS Government.se save information on your device to offer a customized experience and enable visitor statistics. 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