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<p>The core funding that the Foreign, Commonwealth and Development Office (FCDO) currently
provides to the Asian Development Bank is to the Asian Development Fund (ADF), which
provides grants to the poorest and least-creditworthy member countries that are at
high risk of debt distress. The UK has pledged to provide £117.6 million to the ADF
between 2021 and 2024. In Financial Year 2021-22, the FCDO provided £29.4 million
to the ADF. A decision on our 2022 - 23 allocation is yet to be finalised.</p><p>The
above figures are core multilateral contributions to the Asian Development Bank. In
addition to these core contributions, the FCDO has provided some bilateral funding
to trust funds that are managed by the Bank, including the UK Fund for Asia Regional
Trade and Connectivity.</p><p>We do not earmark our core multilateral funding to the
Bank to particular projects.</p>
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