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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.

Private Sector Financing Activities

  • 9 August 2022 ADB engages with key regional clients in Singapore

    While at two international events in Singapore, the World Cities Summit and the Asia Infrastructure Forum, VP Ahmed Saeed and VP Ashok Lavasa engaged with key regional and Singapore clients to discuss investment and trends in climate, sustainable finance, global food trade, and food security. The two VPs and Private Sector Operations Department Director General Suzanne Gaboury on 1 August 2022 discussed the Energy Transition Mechanism and blended finance initiatives with the Monetary Authority of Singapore. ADB Executive Director Ambassador Chantale Wong and the ADB Singapore Office team joined the mission meetings.

  • 27 July 2022 ADB, JBIC strengthen collaboration in decarbonization and sustainable infrastructure

    VP Ashok Lavasa and Japan Bank for International Cooperation (JBIC) Resident Executive Officer and Regional Head for Asia and Pacific Noriyasu Matsuda, in a meeting on 27 July 2022 at ADB headquarters, discussed areas for further collaboration in energy transition, resilient supply chains, and social infrastructures, leveraging innovative technologies. Acknowledging the successful cooperation between the two institutions on previous energy projects, VP Lavasa and Mr. Matsuda highlighted the importance of maximizing development impact while preserving the environment. ADB's Office of Public Private Partnership Head Cleo Kawawaki and Private Sector Operations Department Deputy Director General Christopher Thieme joined the meeting.

  • 20 July 2022 ADB gets top recognition at IJ Global Awards 2021 ceremony

    VP Ashok Lavasa and Private Sector Operations Department (PSOD) Director General Suzanne Gaboury accepted two awards at the IJ Global Awards on 20 July 2022 in Singapore. The ADB awards included the IJ Global Development Finance Institution of the Year for overall performance, and the APAC Onshore Renewable Deal of the Year for the Viet Nam: Lotus Wind Power Project. VP Lavasa lauded the accomplishment, noting that it was achieved through PSOD’s successful collaboration with various departments, exemplifying the One ADB spirit. PSOD Deputy Director General Christopher Thieme and Infrastructure Finance Division Director Jackie Surtani joined the ceremony.

  • 30 May 2022 Private Sector Operations in 2021— Report on Development Effectiveness launched

    VP Ashok Lavasa commended ADB's Private Sector Operations Department’s (PSOD) strong performance in a difficult operating environment, making critical contributions to ADB’s overall COVID-19 response at the launch of the Private Sector Operations in 2021: Report on Development Effectiveness held on 30 May 2022 in ADB headquarters. In his remarks, VP Lavasa highlighted the need to remain focused on projects that deliver strong additionality and development impacts while observing risk tolerance limits. He also expressed confidence in PSOD’s ability to meet new challenges and assist clients to mobilize capital and roll out innovations to support regional recovery. Read the news release

  • 9 May 2022 People's Republic of China, ADB present inaugural Private Sector Impact Green Carpet Awards

    VP Ashok Lavasa on 9 May 2022 opened the inaugural ceremony and presented the awards together with People’s Republic of China (PRC) Ministry of Finance Director General Zhijun Cheng. VP Lavasa highlighted the private sector’s significant contribution to environmentally sustainable development, climate change mitigation and adaptation, and health security and aging society in the PRC. The awards recognized 8 projects which effectively promote global public goods, pandemic response, enhanced food safety, inclusive finance and multiplication of development impact through co-financing. Private Sector Operations Department Deputy Director General Christopher Thieme moderated the discussion with chairpersons and CEOs of private sector clients. 

  • 9 March 2022 VP Lavasa discusses ADB's private sector support with Ayala Corporation in the Philippines

    VP Ashok Lavasa on 9 March 2022 met with Ayala Corporation's (AC) President and CEO, Fernando Zobel de Ayala and its subsidiary AC Energy's Senior Management to discuss ADB's private sector support for the Philippines' sustainable and inclusive recovery. VP Lavasa also discussed ADB's on-going collaborations with AC Energy in climate financing across Southeast Asia. ADB was an anchor investor in AC Energy's maiden climate bond issuance, the first Climate Bond Initiative certified climate bond in Southeast Asia. Private Sector Operations Department Director General Suzanne Gaboury, Deputy Director General Christopher Thieme, and Infrastructure Finance Director Jackie Surtani joined the meeting.

  • 28 February 2022 ADB's Private Sector Department management mission strengthens support for clean energy, e-mobility in Thailand

    Private Sector Operations Department’s (PSOD) first management-led mission to a developing member country since March 2020 saw its Deputy Director General Christopher Thieme, Infrastructure Finance Division Director Jackie Surtani, and Thailand Resident Mission staff visit various private sector clients to discuss support for clean energy and sustainable transport in Thailand. During the mission from 24-28 February 2022 in Bangkok, PSOD management met with one of the largest renewable energy operators in Thailand and ADB client, Energy Absolute, to discuss the transition from conventional vehicles to electric vehicles and visited the company’s e-ferries project on the Chao Phraya river. 

  • 21 February 2022 ADB signs loan to boost women's access to affordable green housing in India

    IIFL Home Finance and ADB signed a $68 million loan (in local currency equivalent) at a virtual ceremony on 21 February 2022. Of the total amount, $10 million was earmarked from the Canadian Climate Fund for the Private Sector in Asia (CFPS) to support developers seeking to build green-certified affordable housing units. 80% of the loan will be earmarked for lending to women borrowers or co-borrowers and 20% will be allocated to financing mortgages for women-owned, green-certified homes. VP Ashok Lavasa, Private Sector Operation Department Director General Suzanne Gaboury, and project team members attended the event. Read the news release.

  • 11 February 2022 ADB signs Climate Innovation and Development Fund

    ADB, together with the Bloomberg Family Foundation Inc. and the Goldman Sachs Charitable Gift Fund on 11 February 2022 signed a $25 million grant-based fund to support climate mitigation and adaptation projects in India and Viet Nam. The Climate Innovation and Development Fund (CIDF) is ADB’s first nonsovereign concessional financing facility funded by private philanthropic entities and aims to support sustainable low-carbon economic development by increasing the pace, scale, and ambition of climate solutions, and contribute to the clean energy transition.

  • 9 December 2021 ADB, Bank of Georgia commit to support MSMEs in Georgia

    ADB on 9 December 2021 signed a $100 million loan - or its Lari equivalent - to JSC Bank of Georgia (BOG) to support the growth of micro, small, and medium-sized enterprises (MSMEs), especially those owned by women. The facility comprises a loan of $100 million from ADB’s ordinary capital resources and an ADB-arranged parallel loan of $100 million by the Japan International Cooperation Agency (JICA). ADB will also provide BOG with technical assistance resources to support women-owned MSMEs, which are more vulnerable to the economic impacts of COVID-19. VP Ashok Lavasa said the project contributes to ADB’s goals of greater financial inclusion, further gender equality, job creation, and access to affordable financial services. Private Sector Operations Department Director General Suzanne Gaboury noted the project also incorporates measures to directly address gender equality and women’s empowerment to narrow gender disparities. Private Sector Financial Institutions Director Christine Engstrom signed the documents on behalf of ADB.

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