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: The Biomass Power Plant Project in Thailand, co-financed by an ADB loan, will build a 125 MW biomass power plant using wood waste products (wood chips and wood bark) as fuel. The Project will supply power (90 MW) to th Electricity Generating Authority of Thailand under a 25-year power purchase agreement under the small power producers program, as well as to industrial customers in the 304 Industrial Park (21 MW) and for internal consumption (14 MW). |
View ADB's knowledge products and operational expertise on poverty reduction through the private sector.
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