The ERO in Frankfurt, Germany develops and strengthens relations between ADB and its 17 European member countries.
ADB President Masato Kanda engaged European leaders and key partners during a mission to France and Spain, culminating in the announcement of a new ADB office in Paris.
The Heads of Multilateral Development Banks (MDBs) have met in Paris, hosted by the Council of Europe Development Bank, which currently chairs the Heads of MDBs Group. The meeting focused on advancing their joint efforts to address development priorities.
ADB and Agence Fran?aise de Développement (AFD) signed an amendment to their Partnership Framework Agreement today, raising their joint cofinancing target to $6 billion for the period 2026–2028 from their previous 3-year target (2023–2025) of $3 billion. The additional cofinancing will support activities in key sectors.
The uncertainties facing Asia and the Pacific are also an opportunity to build a more resilient and sustainable future, ADB President Masato Kanda said at the Opening Session of ADB’s 58th Annual Meeting of the Board of Governors.
ERO acts as a liaison between ADB’s Headquarters in Manila and policymakers and major stakeholders in 17 European members. Based in Frankfurt, Germany, ERO works to:
Raise public awareness about ADB and the Asia-Pacific region.
Mobilize resources and support from the public and private sectors for ADB operations.
Share development knowledge and experience and strengthen collaboration with institutions.
Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations to participate in financing ADB projects. Additional funds are provided in the form of official loans and grants, technical assistance, other concessional financing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.
Partnering with ADB allows donors to participate in the economic and social development of the world’s fastest growing region. With a presence in 49 developing member countries (DMCs) in Asia and the Pacific, ADB’s breadth in operations adds value to programs cofinanced with partners. Founded in 1966, ADB has a deep understanding of the region and its needs, as well as close and tested relationships with its DMCs.
Each quarter, ADB’s European Representative Office presents a curated selection of news and updates on our activities across ADB’s 17 European member countries, showcasing our impact in Asia and the Pacific. Read on, and subscribe for the latest insights.
Westendstrasse 28, 60325 Frankfurt am Main
Office Hours: 8:30 a.m. to 5:00 p.m. (Monday to Friday)
The European Representative Office is closed on these dates:
Last updated: 14 October 2024
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