Finance Sector Development
In the Spotlight
Reforms that will expand the use of moveable property, such as vehicles and crops, as collateral could transform the way small businesses and lenders operate in Papua New Guinea.
ADB approved a $40 million loan and a $600,000 technical assistance grant to help Cambodia strengthen its financial sector and promote financial inclusion within the country's unbanked population.
Outside Georgia's main cities, opportunities for business are limited. ADB is working with Georgian banks to train entrepreneurs and provide loans to small businesses so they can grow.
The Government of Timor-Leste and ADB officiated the launch of Banco Nacional de Comércio de Timor-Leste’s (BNCTL) first ever automated teller machines (ATMs).
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.