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Private Sector (Nonsovereign) Financing

ADB focuses on projects that help promote private investments in the region that will have significant development impact and will lead to accelerated, sustainable, and inclusive growth.

ADB's Work in the Private Sector
Private Sector Operations Department: Meet Our People
Frequently Asked Questions

In the Spotlight

Video

How Private Sector Financing is Making a Difference in Asia and the Pacific

Through its private sector operations department, ADB helps private companies to empower communities through better jobs, higher incomes, and improved access to energy, health and education. All while ensuring profitability and commercial sustainability for its clients.

Publication

Public–Private Partnership Monitor (Second Edition)

This publication presents information on the status of the public–private partnership (PPP) environment in 12 ADB member countries.

Article

A bigger fish: ADB's private sector investment

The expansion of ADB’s Private Sector Operations Department (PSOD) has transformed the bank’s role in the region’s capital markets. IFR Asia, a leading capital markets magazine, interviewed PSOD Director General Mike Barrow and Director of Infrastructure Finance for East Asia, Southeast Asia and the Pacific, Jackie Surtani.

ADB's Trade Finance Program

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Trade Finance Program

ADB's Trade Finance Program fills market gaps for trade finance by providing guarantees and loans to banks to support trade. Backed by a AAA credit rating, it works with over 200 partner banks to provide companies with the financial support they need to engage in import and export activities in Asia's most challenging markets.

What's New

Making a Difference

Private investment is key to Asia’s prosperity. ADB works with private sector clients to empower communities in many ways—like building the infrastructure they need, boosting farmer incomes, and delivering clean energy supplies.

Article

Scaling-up Investment in Agribusiness is Helping Transform Asia and the Pacific

Agribusiness is a potent way for countries to achieve almost all of their SDGs. ADB is working with private sector partners to have transformational impact on agribusiness in Asia and the Pacific.

Data Story

Boosting Public Private Partnerships for Development

Asia badly needs infrastructure, but for cash-strapped governments the key is teaming up with businesses, says an ADB publication that examines the best way of sharing risk and proposes optimal ways of financing such deals.

Brochures

Commercial Cofinancing

ADB assists developing member country governments and private sector borrowers in securing debt financing on commercial terms for ADB projects through engagement with commercial financial institutions.

Microfinance Risk Participation

ADB's Microfinance Risk Participation and Guarantee Program is a credit enhancement program designed to address a market gap by sharing risks to promote local currency lending to microfinance institutions. Because of its risk-sharing nature, the program encourages private sector participation.

Infrastructure

In infrastructure and project finance, ADB is focusing on energy, transport, telecommunications, water, and urban infrastructure.

Financial Sectors and Capital Markets

ADB supports the development of financial sectors and capital markets to facilitate the mobilization of foreign and domestic capital to productive sectors of the economy.

Agribusiness

ADB supports agribusiness projects and companies across the entire food and agriculture value chain, including farm input providers, crop and livestock producers, agri-processors, packaged food producers, storage and logistics providers, and food distributors.

Health and Education

Building human capital by expanding access to high quality and affordable schools and healthcare services and facilities.

Financial Products

ADB's nonsovereign operations comprise the provision of any loan, guarantee, equity investment, or other financing arrangement to privately held, state-owned, or subsovereign entities.

Loan/Debt Security

ADB offers hard currency loans, both senior and subordinated, as well as mezzanine financing. We also offer local currency loans in selective markets on a case to case basis. Interest rates and other terms vary, depending on a company's or project's needs and risks.

Equity Investments

ADB may invest directly in an enterprise. It offers financing through equity investments, including direct equity investments in the form of common shares, preferred stock, or convertibles.

Guarantees

ADB provides guarantees that can be used to cover political risks, and more comprehensively, both political and credit risks.

Project Approval Process More on the project approval process

1. Concept clearance

ADB carries out preliminary fact finding on the project and the sponsors using the information provided by the sponsors.

2. Due diligence

A project team from ADB conducts due diligence on the project, including a visit to the project site, offices of the sponsors, relevant government agencies and any proposed co-financiers.

3. Term sheet

During due diligence, the ADB project team discusses and negotiates the terms and conditions of ADB assistance.

4. Final review

The project team prepares the appraisal report and other internal documentation, for presentation to the Investment Committee for the Final Review.

5. Board consideration

Following endorsement from the Investment Committee, the proposed ADB assistance is presented to the ADB Board of Directors.

6. Financial close

Following Board approval, the documentation for project is finalized and signed.

Project Results and Case Studies

Project Result / Case Study

Indonesia: Muara Laboh Geothermal Power

This project involves a $70 million loan from ADB with $19.25 million Clean Technology Fund (CTF) concessional financing and a $20 million parallel loan funded through Leading Asia's Private Sector Infrastructure (LEAP) Fund.

Project Result / Case Study

People's Republic of China (PRC): Sustainable Dairy Farming and Milk Safety

ADB will provide a $62.5 million yuan loan to Inner Mongolia Saikexing Breeding and Biotechnology Group (SKX) and will act as the lender of record for the participation of selected commercial banks of up to $62.5 million equivalent in yuan.

Project Result / Case Study

Azerbaijan: Shah Deniz Gas Field Expansion

This project involves a $500 million direct nonsovereign loan and a $500 million partial credit guarantee with a sovereign guarantee that would help the government to continue the development of one of its largest revenue-generating assets in challenging times globally for oil and gas investments.

Management

Michael BARROW
Michael BARROW
Director General
  E-mail

Christopher THIEME
Christopher THIEME
Deputy Director General
  E-mail

Craig ROBERTS
Craig ROBERTS
Senior Advisor
  E-mail

General Inquiries

Private Sector Operations Department
Asian Development Bank
6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines
  Tel +632 8632 5280
Request information

Microfinance Risk Participation Program
Anshukant TANEJA (Mr)
Principal Investment Specialist
  E-mail
More on ADB's Microfinance Program

Trade Finance Program
Trade Finance Unit
Private Sector Operations Department
  Tel +632 8632 6401
  Tel +632 8636 2448
  E-mail
See Trade Finance Unit contacts
See TFP Relationship Management Team

Supply Chain Finance Program
Sunil MASCARENHAS (Mr)
  E-mail
For inquiries, send an email to:
[email protected]
More on ADB's Supply Chain Finance Program

Join our Team

Staff from the Private Sector Operations Department discuss what drew them to this dynamic area of ADB's work, how they like living in Manila, and what they enjoy away from the office.

Private Sector Unit Focal Points

Transaction Teams

Shantanu CHAKRABORTY
Shantanu CHAKRABORTY
Director, Infrastructure Finance Division 1 (Central and West Asia, South Asia)
  E-mail

Jackie Surtani
Jackie SURTANI
Director, Infrastructure Finance Division 2 (East Asia, Southeast Asia, The Pacific)
  E-mail

Christine ENGSTROM
Christine ENGSTROM
Director, Financial Institution Division
  E-mail

Janette HALL
Janette HALL
Director, Investment Funds and Special Initiatives Division
  E-mail

Steven BECK
Steven BECK
Advisor and Head of Trade and Supply Chain Finance
  E-mail

Martin LEMOINE
Martin LEMOINE
Unit Head, Food and Agribusiness Investment Team
  E-mail

Sherwin PU
Sherwin PU
Unit Head, Business Development Team
  E-mail

Aniruddha PATIL
Aniruddha PATIL
Unit Head, Health and Education Investments
  E-mail
Craig ROBERTS
Craig ROBERTS
Officer-in-Charge, Portfolio Management Division
  E-mail
Timo TEINILA
Timo TEINILA
Advisor, Office of the Director General and Head, Risk Analytics Unit
  E-mail
Mark KUNZER
Mark KUNZER
Director, Transaction Support Division
  E-mail
Bart RAEMAEKERS
Bart RAEMAEKERS
Advisor, Private Sector Operations Department and Head, Guarantees and Syndications Unit
  E-mail

Private Sector Country Focal Points

ADB Location

You may contact private sector operations focal points in specific countries by selecting a country from the dropdown

Azim HASHIMI (Mr) Infrastructure Sector   E-mail
Asif CHEEMA (Mr) Financial Sector   E-mail
Tina ROHNER (Ms) Financial Sector   E-mail
Sonali TANG (Ms) Infrastructure Sector   E-mail
Asif CHEEMA (Mr) Financial Sector    E-mail
Tina ROHNER (Ms) Financial Sector   E-mail
Ichiro AOKI (Mr) Infrastructure Sector   E-mail
Asif CHEEMA (Mr) Financial Sector   E-mail
Tina ROHNER (Ms) Financial Sector   E-mail
Sonali TANG (Ms) Infrastructure Sector   E-mail
Susan OLSEN (Ms) Financial Sector   E-mail
Ichiro AOKI (Mr) Infrastructure Sector   E-mail
Susan OLSEN (Ms) Financial Sector   E-mail
Shuji HASHIZUME (Mr) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Hisaka KIMURA (Ms) Infrastructure Sector   E-mail
Biao HUANG (Mr) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Ichiro AOKI (Mr) Infrastructure Sector   E-mail
Asif CHEEMA (Mr) Financial Sector   E-mail
Tina ROHNER (Ms) Financial Sector   E-mail
Mayank CHOUDHARY (Mr) Infrastructure Sector   E-mail
Susan OLSEN (Ms) Financial Sector   E-mail
Apurva KUMAR (Mr) Financial Sector   E-mail
Yuichiro YOI (Mr) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Azim HASHIMI (Mr) Infrastructure Sector   E-mail
Arman SEISSEBAYEV (Mr) Infrastructure Sector   E-mail
Asif CHEEMA (Mr) Financial Sector   E-mail
Tina ROHNER (Ms) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Azim HASHIMI (Mr) Infrastructure Sector   E-mail
Arman SEISSEBAYEV (Mr) Infrastructure Sector   E-mail
Tina ROHNER (Ms) Financial Sector   E-mail
Asif CHEEMA (Mr) Financial Sector   E-mail
Robert LOCKHART (Mr) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Michael GABISCH (Mr) Infrastructure Sector   E-mail
Anshukant TANEJA (Mr) Financial Sector   E-mail
Mayank CHOUDHARY (Mr) Infrastructure Sector   E-mail
Susan OLSEN (Ms) Financial Sector   E-mail
Apurva KUMAR (Mr) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Hisaka KIMURA (Ms) Infrastructure Sector   E-mail
Biao HUANG (Mr) Financial Sector   E-mail
Daniel WIEDMER (Mr) Infrastructure Sector   E-mail
Janet HYDE (Ms) Financial Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Sonali TANG (Ms) Infrastructure Sector   E-mail
Wolfgang POCHEIM (Mr) Infrastructure Sector   E-mail
Susan OLSEN (Ms) Financial Sector   E-mail
Apurva KUMAR (Mr) Financial Sector   E-mail
Azim HASHIMI (Mr) Infrastructure Sector   E-mail
Asif CHEEMA (Mr) Financial Sector   E-mail
Tina ROHNER (Ms) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Kevin MOSS (Mr) Infrastructure Sector   E-mail
Rafael MONTINOLA (Mr) Infrastructure Sector   E-mail
Anshukant TANEJA (Mr) Financial Sector   E-mail
Irene CHUA (Ms) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Mayank CHOUDHARY (Mr) Infrastructure Sector   E-mail
Azim HASHIMI (Mr) Infrastructure Sector   E-mail
Susan OLSEN (Ms) Financial Sector   E-mail
Apurva KUMAR (Mr) Financial Sector   E-mail
Azim HASHIMI (Mr) Infrastructure Sector   E-mail
Tina ROHNER (Ms) Financial Sector   E-mail
Asif CHEEMA (Mr) Financial Sector   E-mail
Won Myong HONG (Mr) Infrastructure Sector   E-mail
Pamela BRACEY (Ms) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Azim HASHIMI (Mr) Infrastructure Sector   E-mail
Tina ROHNER (Ms) Financial Sector   E-mail
Asif CHEEMA (Mr) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Azim HASHIMI (Mr) Infrastructure Sector   E-mail
Rainier HARTEL (Mr) Financial Sector   E-mail
Asif CHEEMA (Mr) Financial Sector   E-mail
Alix BURRELL (Ms) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Gema PEREZ (Ms) Financial Sector   E-mail
Michael GABISCH (Mr) Infrastructure Sector   E-mail
Paul FLEGLER (Mr) Financial Sector   E-mail
Adnan RAFIQ (Mr) Financial Sector   E-mail