The Financial Sector Development Partnership Special Fund aims to strengthen regional, subregional, and national financial systems in Asia and the Pacific. Established in 2013 by the Asian Development Bank in partnership with the Government of Luxembourg, the multi-donor trust fund has allocated over $27 million for various projects.  It supports finance sector development in accelerating climate financing, mainstreaming the transition to net zero economy, strengthening disaster resilience, and supporting gender and inclusive financing through small and medium-sized enterprises and through the use of digital technology. 
 

Transcript

The economic environment in Asia and the Pacific has been changing rapidly, bringing new challenges and opportunities for developing countries in the region. They continue to face multiple and divergent finance sector development challenges despite past efforts and achievements.

To support developing countries in addressing the gaps, a multi-donor trust fund was established to help the region’s finance sector.

The Financial Sector Development Partnerships Special Fund (FSDPSF) boosts projects that strengthen regional, subregional, and national financial systems.

The Asian Development Bank and its partners are working together to ensure the finance sector’s robust recovery and growth through FSDPSF.

Christine Engstrom
Senior Director
Finance Sector Sectors Group
Asian Development Bank

Under Strategy 2030, ADB is supporting its developing member clients through innovative financing solutions, knowledge products, and technical assistance grants to achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific.

And with the launch of ADB’s new operating model, the finance sector group will support finance sector development in accelerating climate financing mainstreaming the transition to a net zero economy strengthening disaster resilience, and supporting gender inclusive financing through small and medium-sized enterprises and the use of digital technology.

Arsene Jacoby
Director of Multimedia Affairs
Ministry of Finance
Government of Luxembourg
 
The Government of Luxembourg founded and continues to support the fund, with total cumulative donor contributions of over $21 million.

Luxembourg believes in this instrument. We see the added value of this fund in ensuring the resilience of the financial sector in Asia and the Pacific to shocks and global challenges. Our partnership with the Asian Development Bank strengthens our commitment to this mission.

Michiko Suga
Representative
European Representative Office
Asian Development Bank

The fund will continue to provide critical support in making finance more accessible while promoting green and innovative financing. We hope to see additional partners join us in carrying out this mission.

Learn more: www.adb.org/fsdpsf

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