Business Desk :
Asian Development Bank (ADB) private sector operations over the past year reached $2.3 billion, growing the bank’s overall portfolio of private sector operations by 17 percent to $10.9 billion.
The 27 new private sector operations committed in 2017 accounted for 13.4 percent of overall signed regular ordinary capital resources financing, according to ADB Private Sector Operations Department’s (PSOD) Development Effectiveness Report 2017.
Last year’s commitments were complemented by $5.9 billion in cofinancing, representing 50 percent of all cofinancing mobilized by ADB. The report was released in Manila, Philippines at the 51st Annual Meeting of ADB’s Board of Governors.
“ADB is firmly committed to partnering with the private sector to help improve infrastructure, expand access to finance, and achieve the Paris Agreement on climate change and the Sustainable Development Goals,” said ADB Vice-President for Private Sector and Cofinancing Operations Diwakar Gupta.
Asian Development Bank (ADB) private sector operations over the past year reached $2.3 billion, growing the bank’s overall portfolio of private sector operations by 17 percent to $10.9 billion.
The 27 new private sector operations committed in 2017 accounted for 13.4 percent of overall signed regular ordinary capital resources financing, according to ADB Private Sector Operations Department’s (PSOD) Development Effectiveness Report 2017.
Last year’s commitments were complemented by $5.9 billion in cofinancing, representing 50 percent of all cofinancing mobilized by ADB. The report was released in Manila, Philippines at the 51st Annual Meeting of ADB’s Board of Governors.
“ADB is firmly committed to partnering with the private sector to help improve infrastructure, expand access to finance, and achieve the Paris Agreement on climate change and the Sustainable Development Goals,” said ADB Vice-President for Private Sector and Cofinancing Operations Diwakar Gupta.
