ADB's Classification and Graduation Policy determines the eligibility of developing member countries (DMCs) to borrow based on two main criteria, (i) per capita income and (ii) creditworthiness. DMCs are classified into:
DMCs within these groups are further differentiated to determine the mix of funds and lending terms they can access, based on ADB’s (i) concessional assistance policy and (ii) policy on diversified financing terms.
| Group A: Concessional Assistance-only | OCR Blend | |||
|---|---|---|---|---|
| ADF-eligible | COL-only Gap a | |||
| ADF-only (100% grant) | ADF Blend (50% grant) | COL-only (0% grant) | ||
| Afghanistan* Federated States of Micronesia σ Kiribati* σ Maldives σ Marshall Islands σ Samoa σ Tajikistan Tonga σ Tuvalu* σ | Kyrgyz Republic Nauru σ Solomon Islands* σ Vanuatu σ | Nepal* | Bhutan Cambodia* Lao People’s Democratic Republic* Myanmar* | Bangladesh* Cook Islands σ Fiji σ Mongolia Niue σ Pakistan Palau σ Papua New Guinea σ Sri Lanka Timor-Leste* σ Uzbekistan |
| Group A: Concessional Assistance-only: ADF-eligible: ADF-only (100% grant) | Group A: Concessional Assistance-only: ADF-eligible: ADF Blend (50% grant) | Group A: Concessional Assistance-only: ADF-eligible: COL-only (0% grant) | Group A: Concessional Assistance-only: COL-only Gap a | OCR Blend |
|---|---|---|---|---|
| Afghanistan* Federated States of Micronesia σ Kiribati* σ Maldives σ Marshall Islands σ Nauru σ Samoa σ Tajikistan Tonga σ Tuvalu* σ | Kyrgyz Republic Solomon Islands* σ Vanuatu σ | Nepal* | Bhutan Cambodia* Lao People’s Democratic Republic* Myanmar* | Bangladesh* Cook Islands σ Fiji σ Mongolia Niue σ Pakistan Palau σ Papua New Guinea σ Sri Lanka Timor-Leste* σ Uzbekistan |
| C0 SIDS below the IBRD income cutoff and new group C | C1 LMICs and SIDS above the IBRD income cutoff | C2 UMICs below the IBRD income cutoff | C3 UMICs above the IBRD income cutoff | C4 High-income countries |
|---|---|---|---|---|
| India b Indonesia Philippines Viet Nam | Armenia Azerbaijan Georgia Thailand Turkmenistan | Kazakhstan Malaysia People’s Republic of China |
* = least developed, σ = small island developing states, ADF = Asian Development Fund, COL = concessional OCR lending, IBRD = International Bank for Reconstruction and Development, Lao PDR = Lao People’s Democratic Republic, LMICs = lower middle-income countries, OCR = ordinary capital resources, SIDS = small island developing states; UMICs = upper middle-income countries.
a COL-only gap countries, as designated by the International Development Association (IDA).
b Group B with no access to concessional assistance.
Developing members: Afghanistan; Armenia; Azerbaijan; Bangladesh; Bhutan; Brunei Darussalam; Cambodia; People’s Republic of China; Cook Islands; Georgia; India; Indonesia; Fiji; Hong Kong, China; Kazakhstan; Kiribati; Republic of Korea; Kyrgyz Republic; Lao People’s Democratic Republic; Malaysia; Maldives; Marshall Islands; Federated States of Micronesia; Mongolia; Myanmar; Nauru; Nepal; Niue; Pakistan; Palau; Papua New Guinea; Philippines; Samoa; Singapore; Solomon Islands; Sri Lanka; Taipei,China; Tajikistan; Thailand; Timor-Leste; Tonga; Turkmenistan; Tuvalu; Uzbekistan; Vanuatu; Viet Nam.
By making any designation of or reference to a particular territory or geographical area, or by using the term "country" in the website, ADB does not intend to make any judgment as to the legal or other status of any territory or area. Boundaries, colors, denominations or any other information shown on maps do not imply, on the part of ADB, any judgment on the legal status of any territory, or any endorsement or acceptance of such boundaries, colors, denominations, or information.
| Maturity | Grace Period | Interest | Other Features | |
|---|---|---|---|---|
| Group A (CA-only), non-SIDS: Project Loans | 32 yrs | 8 yrs | 1% during the grace period 1.5% during the amortization period | Equal amortization; No commitment fee |
| Group A (CA-only), non-SIDS: Policy-based Loans | 24 yrs | 8 yrs | 1% during the grace period 1.5% during the amortization period | Equal amortization; No commitment fee |
| Group B (OCR blend), non-SIDS | 25 yrs | 5 yrs | 2% interest per year | Equal amortization; No commitment fee |
| Group A (CA-only) and Group B (OCR blend), SIDS | 40 yrs | 10 yrs | 1% interest per year | Principal repayment at 2% per year for the first 10 years after the grace period and 4% per year thereafter; No commitment fee |
| Emergency Assistance Loans | 40 yrs | 10 yrs | 1% interest per year | Principal repayment at 2% per year for the first 10 years after the grace period and 4% per year thereafter; No commitment fee |
| Average Maturity | C0 | B & C1 | C2 | C3 | C4 |
|---|---|---|---|---|---|
| < 9 years | 0 | 0 | 0 | 0 | 0 |
| 9 years to 13 years | 0 | 0 | 10 | 20 | 40 |
| > 13 years to 16 years | 0 | 10 | 20 | 30 | 50 |
| > 16 years to 19 years | 0 | 20 | 30 | 50 | 75 |
* Determined semi-annually and applied to the outstanding FLP sovereign loans for the applicable period.
Notes:
