- Key Facts
- Board of Governors
- Board of Directors
- Departments and Offices
- Policies and Strategies
- Annual Meetings
- Independent Evaluation
- Public Sector (Sovereign) Financing
- Private Sector (Nonsovereign) Financing
- Funds and Resources
- Asian Development Fund
- ASEAN Infrastructure Fund
- Investor Information[日本語]
- Business Opportunities
- Consulting Services
- ADB-Japan Scholarship Program
- News & Events
- Data & Research
- Industry and Trade
- Information and Communication Technology
- Public Sector Management
- Social Protection
- Capacity Development
- Climate Change
- Environmental Sustainability
- Gender and Development
- Poverty Reduction
- Private Sector Development
- Regional Cooperation and Integration
- Social Development
- Urban Development
- Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA)
- Central Asia Regional Economic Cooperation (CAREC)
- Greater Mekong Subregion (GMS)
- Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT)
- South Asia Subregional Economic Cooperation (SASEC)
- European Representative Office
- Japanese Representative Office [日本語]
- North American Representative Office
- Pacific Liaison and Coordination Office
- Pacific Subregional Office
Countries with Operations
- China, People's Republic of [中文]
- Cook Islands
- Indonesia [Bahasa Indonesia]
- Kyrgyz Republic
- Lao PDR
- Marshall Islands
- Micronesia, Federated States of
- Papua New Guinea
Luxembourg Contributes to Financial Sector Development Partnership Fund
MANILA, PHILIPPINES - The Government of Luxembourg is contributing an additional EUR184,543 (about $292,500) to the Financial Sector Development Partnership Fund, which supports efforts to strengthen regional, subregional and national financial systems in Asia and the Pacific.
This brings Luxembourg’s total commitments to the multi-donor fund to about $2.286 million.
The Financial Sector Development Partnership Fund, managed by the Asian Development Bank (ADB), finances a program of projects, including technical assistance operations, components of investment projects, and stand-alone grant-financed activities, focusing on the financial sector.
While all developing member countries of ADB are eligible for assistance under the fund, activities in the Lao People’s Democratic Republic (Lao PDR), Viet Nam, and Mongolia, as well as regional activities in the Greater Mekong Subregion are given priority for Luxembourg’s assistance.
"The additional assistance will be most helpful in further strengthening financial systems in the region," says Werner Liepach, Principal Director of ADB's Office of Cofinancing Operations.
Eligible activities include promoting regional markets; improving the policy, legal, regulatory, and supervisory frameworks, including corporate governance, internationally recognized standards and codes, financial system stability assessments, and financial sector assessment programs; strengthening and modernizing local financial institutions; and improving access to financial services by the poor.
Activities to improve the general investment climate, such as work to enhance the general legal and regulatory framework, strengthening governance, and boosting administrative procedures, are also eligible.