Tools and Results

The table shows the PSD objectives, the tools we apply in their pursuit, and the expected results of our interventions.

PSD Objectives	Tools	Target Results
Creating Enabling Conditions	Policy dialogue Economic and sector work Program loans Sector development loans Project loans Technical assistance Cofinancing Partial credit guarantees	Sound macroeconomic policy Appropriate competition policy Investment and trade liberalization Legal and judicial reform Public administration reform State enterprise reform Tax reform Product markets reform Financial sector reform Capital market reform Pension and insurance reform Labor and land markets reform Sound environmental and social standards Reform of infrastructure and other sectors Good physical, social, and technological infrastructure
Generating Business Opportunities	Technical assistance Program loans Sector development loans Project loans Cofinancing Partial credit guarantees	Private sector participation in Asian Development Bank (ADB)-financed public sector projects through contracts for Management Concession and Leasing ADB-designed model build-operate-transfer and other types of projects with poverty reduction impacts ADB-supported privatization programs
Catalyzing Private Investment	Loans without government guarantees Equity investments Hybrid instruments Cofinancing Partial risk guarantees Partial credit guarantees	Private sector projects with development impacts and/or demonstration effects Priority to be given to Infrastructure facilities Financial institutions Investment funds Specialized financial institutions for small and medium-sized enterprises and micro enterprises, and Pilot health and education projects