Growth in ADB Private Sector Operations Boosts Development

ADB is expanding support to the private sector in clean energy, agriculture, health, and other areas with more than $4.75 billion in investment in 2013. Read More

Making It Easier to Do Business in the Pacific

An ADB-supported project is easing business procedures in Pacific island countries following a successful pilot program in the Solomon Islands. Read More

Private Sector Assessment Update - The Kyrgyz Republic

This assessment identifies challenges facing the development of the Kyrgyz Republic’s vibrant private sector and suggests interventions for meeting them. Read More

ADB and Kazakhstan: Boosting Small Businesses

With help from ADB, many of Kazakhstan's small and medium businesses are expanding, providing jobs and creating wealth. Watch Video

Overview

A strong and dynamic private sector is a vital component for economic growth, and thus essential for poverty reduction in the Asia and Pacific region. ADB has long focused on the role of the private sector in development. ADB will invest in infrastructure and advise governments on the basics of a business-friendly environment, including reliable rules, regulations and policies that do not disadvantage private sector enterprise.

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Key Statistics

Almost 86%
of employment opportunities in developing countries are created by small and medium size enterprises Source

45-55%
of small and medium size enterprises in developing countries have no access to loans from formal financial institutions Source

2.7 billion
people worldwide have no access to formal financial services, such as savings or checking accounts Source