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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.
Do you know: From a base of zero in 1990, Viet Nam now has over 120 supermarkets and 9 wholesale centers. By offering convenience, standardized products, clear pricing and the allure of “modernity”, supermarkets are taking an increasing share of a growing urban consumer market for food. Supermarkets, through innovation and the achievement of economies of scale can have a strong impact on local supply chains because of their demands for large-scale, regular supply of standardized fruit and vegetable types. ADB, as part of its Making Markets Work Better for the Poor (M4P) work, supported research on the impacts of supermarkets in Viet Nam on the poor as consumers, traders and producers.

View ADB's knowledge products and operational expertise on poverty reduction through the private sector.