ADB's Focus on Finance Sector Development
In the Spotlight
ADB has received $12.6 million of funding for 2018 to 2020 from the Women Entrepreneurs Finance Initiative (We-Fi) to generate more resources for Sri Lankan women-led businesses.
ADB's Board of Directors has approved $100 million in additional financing to extend and expand the scope of its Supply Chain Finance Program (SCFP).
Capital markets remain the most viable solution for infrastructure development in Asia and the Pacific, both as an enabler of long-term financing and as a source of financial stability.
Yoma Bank signed an agreement with ADB's Trade Finance Program to provide guarantees of at least $10 million annually to support trade, especially for small and medium-sized enterprises (SMEs), in Myanmar.
The financial system is the lifeline of a country’s economy. It creates prosperity that can be shared throughout society and benefit the poorest and most vulnerable people. Financial sector and capital market development, including microfinance, small and medium-sized enterprises, and regulatory reforms, is vital to decreasing poverty in Asia and the Pacific. Since the Asian financial crisis in 1997-1998, the region’s financial sector has strengthened significantly. However, it still lags substantially behind that of developed economies and room to grow.