Guidance Note on State-Owned Enterprise Reform for Nonsovereign and One ADB Projects

Institutional Document | November 2022

Under Strategy 2030, the Asian Development Bank (ADB) is committed to state-owned enterprise (SOE) reform in its developing member countries (DMCs).

  • US$27.00 (paperback)

The publication reviews the significance of SOEs in Asia and the Pacific, the role of SOE reform in ADB’s strategy, and related requirements for nonsovereign and One ADB projects. Nonsovereign financing for SOEs can help reduce the burden of sovereign debt and mobilize new funding for vital investments, including climate change mitigation. Designed to guide ADB staff in their work with SOEs through sovereign projects, policy-based loans, and technical assistance, this publication may also be of use to DMC officials and SOE boards and management.


  • Introduction
  • ADB’s Strategy for Commercial Lending to State-Owned Enterprises
  • What Are State-Owned Enterprises?
  • Challenges and Access to Commercial Finance of State-Owned Enterprises
  • ADB’s Nonsovereign Operations with State-Owned Enterprises
  • Broader Reforms and Risk Factors for Commercial Finance of State-Owned Enterprises
  • One ADB Projects with State-Owned Enterprises
  • Conclusion
  • Appendix: Criteria for Nonsovereign Operations with State-Owned Enterprises

Additional Details

  • Governance and public sector management
  • State-owned enterprises
  • Private sector development
  • 42
  • 8.5 x 11
  • TIM220502
  • 978-92-9269-822-5 (print)
  • 978-92-9269-823-2 (electronic)
  • 978-92-9269-824-9 (ebook)

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