The Asian Development Bank’s (ADB) financial support for the Asian nations reached an all-time high of $27.15 billion in 2015, an increase of about 19 percent over the $22.89 billion supports in 2014, according to provisional figures of the lender.
The financial assistance included approvals of loans and grants, technical assistance, and cofinancing.
ADB’s approvals of loans and grants, sovereign (governments) and nonsovereign (primarily private sector), reached a record $16.58 billion—a 23 percent increase from 2014, while technical assistance amounted to $144 million and cofinancing increased by 13 percent to a record $10.43 billion in 2015, says an ADB release.  
Out of the $16.58 billion support, sovereign loan and grant approvals increased by 21 percent to $13.95 billion. Nonsovereign approvals made a big leap from $1.92 billion in 2014 to $2.63 billion last year.   
Meanwhile, total disbursements of loans and grants, seen as the key to creating profound impact on development, reached a record $12.34 billion, which was an increase of 21 percent over the previous year.
In addition to a volume increase, ADB increased its allocation to the poorest countries to 40 percnet of nonsovereign approvals, the Manila-based lender said.
To expedite small nonsovereign transactions, ADB introduced a fast-track approval process. ADB is now making active use of local currency lending to the private sector and increased bond issuances in local currencies to support the lending.