Private Sector Development
Supporting Pro-poor Growth
Private sector development is essential for reducing income and social poverty.
Pro-poor and sustainable economic growth requires a dynamic and efficient private sector. The majority of the poor are already engaged with the private sector, particularly in agriculture and service activities.
The private sector is also often the sole provider of basic services such as water, health and education. The private sector can participate in building physical and social infrastructure that help the poor.
The private sector can contribute to improving municipal services for the poor. It also contributes essential revenues for the government to provide budgets for poverty reduction and social services.
Expanding private sector activities is vital for ADB's fight against poverty in Asia and the Pacific Region. ADB supports private sector development by:
- encouraging reforms and policy environments that establish the right conditions for businesses to flourish,
- promoting public-private partnerships, and
- providing financial assistance to private enterprises and financial institutions.
| Did you know? A paper , presented at the Hanoi conference on the social impact of the global economic crisis, postulates that inclusive business approach delivers higher socio-economic value for communities, while simultaneously opening new avenues for growth for companies in times of crisis. |
View ADB's knowledge products and operational expertise on poverty reduction through the private sector.
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