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ADB’s Private Sector Operations: Catalyzing Private Investments Across Asia and the Pacific
The Asian Development BankThe Asian Development Bank (ADB)is a multilateral development finance institution.Established in 1966,it is owned by 59 member governments —43 of which are from the Asian and Pacific region.Its headquarter is in Manila,Philippines.ADB is rated triple-A by Moody ’s and Standard & Poor ’s. Private enterprise plays an important role in the economic develop- ment of many of ADB ’s developing member countries (DMCs).The DMCs are increasingly adopting policies to create an environment more condu- cive to the commercial operations of private enterprise. In response to the growing emphasis on private enterprise in its DMCs,ADB offers a variety of direct assistance to the private sector. Specifically,ADB ’s role is to help private enterprises undertake financially viable projects with significant economic and social merit,and therefore a positive development impact.Through its involvement,ADB helps make more private projects happen,thus promoting the efficient use of resources, accelerating economic development,reducing poverty,and raising the standards of business.
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