The Asian Development Bank is putting the private sector front and centre as it reappraises its strategy after more than half a century of providing loans, technical assistance, grants and equity investments to developing Asian countries to push economic growth and reduce poverty.
Under a new strategy announced on July 26, the 52 year old bank has adjusted its priorities for the coming decade to reflect the growing need for a more balanced approach to investment in the region
One of the critical adjustments amongst a host of others for the Manila-based multilateral lender is the increased focus on the private sector.
Recognising the...
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