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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

  • 4 June 2021 ADB wins infrastructure awards for private sector deals

    A total of 11 ADB private sector projects were selected winners for the 2021 Triple A Infrastructure Award by The Asset, a leading Asian financial magazine. The global awards were given to significant deals defining the infrastructure sector, which showed a global trend in transition towards cleaner forms of energy.  

  • 1 June 2021 ADB supports Uzbekistan in achieving green and sustainable power through public-private partnerships

    VP Ashok Lavasa on 1 June 2021 met virtually with the President of Uzbekistan Shavkat Mirziyoyev during his visit to the site of the Sherabad Solar Project supported by ADB. United Arab Emirates’ Energy and Infrastructure Minister Suhail Mohamed Al Mazrouei and representatives from the Abu Dhabi Future Energy (Masdar), the project awarded company, also joined the meeting. VP Lavasa highlighted Uzbekistan’s progress over the last two years in public-private partnership development and expanding renewable energy and commended on the record-breaking tariff achieved by the Sherabad project, which will be the largest solar project in Central Asia with 457 megawatts of green, affordable, and sustainable power. The President of Uzbekistan thanked ADB for the constructive and trusted cooperation and emphasized the importance of the partnership. 

  • 1 June 2021 ADB signs loan agreement with JSCB Hamkorbank to benefit MSMEs in Uzbekistan

    On 1 June 2021, ADB’s Private Sector Financial Institutions Division Director Christine Engstrom on behalf of ADB signed a loan for $20 million equivalent in Uzbek sum with JSCB Hamkorbank, the largest private sector commercial bank in Uzbekistan, to expand access to credit for micro-, small-, and medium-sized enterprises (MSMEs) and agricultural borrowers. The loan will help JSCB Hamkorbank develop the country’s finance sector, as a local currency bond will be issued to fund the transaction. It will be ADB’s first local currency funding and first private sector financial institutions transaction since 2012 in Uzbekistan. Read the news release.

  • 1 June 2021 ADB participates in DFI Roundtable for Private Sector Operations

    VP Ashok Lavasa and Private Sector Operations Department Director General Suzanne Gaboury participated in a virtual DFI Roundtable for Private Sector Operations hosted by IFC on 1 June 2021 to discuss greater cooperation in DFIs’ COVID-19 response and in collectively moving toward alignment with the Paris Agreement.

  • 28 May 2021 ADB, Singapore discuss private sector financing, public-private partnerships, COVID-19 response, climate change

    VP Ashok Lavasa on 28 May 2021 met virtually with Singapore Minister Indranee Rajah of the Prime Minister’s Office, who is also Second Minister for Finance and Second Minister for National Development. The discussion included updates on ADB private sector and public-private partnership activities and an exchange of views on a wide range of topics including the 2020 achievements of the ADB Singapore Office, ADB’s COVID-19 response, and initiatives in climate change and sustainable infrastructure. VP Lavasa identified areas of mutual interest for ADB and Singapore for future collaboration, including new technologies in renewable energy, developments in healthcare, and sustainable cities.

  • 27 May 2021 ADB signs green loan for 144MW wind farms in Viet Nam

    ADB on 27 May 2021 signed ADB’s $116 million green loan to build and operate three 48-megawatt (MW) wind farms, totaling 144 MW. It is ADB’s first financing of a wind power project in Viet Nam and will increase Viet Nam’s wind power capacity by 30%. As the mandated lead arranger and bookrunner, ADB arranged and syndicated the $173 million debt package with commercial banks, Japan International Cooperation Agency, and Export Finance Australia. Among those who joined the virtual signing ceremony from ADB were VP Ashok Lavasa and Private Sector Operations Department Director General Suzanne Gaboury. Read the news release.

  • 11 May 2021 President Asakawa meets with Citigroup officials

    President Masatsugu Asakawa on 11 May 2021 met with the Citigroup Vice Chairman of Banking, Capital Markets, and Advisory Jay Collins to discuss a wide range of issues including the economic and vaccine outlook, ADB's response to the COVID-19 pandemic, climate change, and ADB-Citi collaboration. The President thanked Citi for being a reliable and consistent long-standing partner of ADB in the capital markets. He noted increasing opportunities for collaboration, particularly in climate change and environmental infrastructure and supply chain financing, in supporting Asia's green, resilient, and inclusive recovery.

  • 4 May 2021 ADB webinar spotlights venture capital's role in pandemic recovery

    Private Sector Operations Department Director General Suzanne Gaboury on 4 May 2021 chaired a webinar on unlocking risk capital for a robust, green, and inclusive recovery. New technologies hold potential to promote growth and sustainable development. However, mobilizing capital to scale them in Asia and the Pacific will require a concerted strategy to improve enabling policy environments, crowd investors into relevant markets, and build entrepreneurial ecosystems. Panelists included the Republic of Korea’s Ministry of SMEs and Startups Deputy Minister Cha Jung-Hoon, venture capital investors from Ankur Capital and Plug and Play, and technology entrepreneurs from Ather Energy and Skycatch Inc. Watch the video recording.

  • 23 April 2021 ADB signs microfinance project for rural areas in the People's Republic of China

    VP Ashok Lavasa and Private Sector Operations Department Director General Suzanne Gaboury participated in a virtual ceremony on 23 April 2021 in Beijing. Private Sector Financial Institutions Division Director Christine Engstrom signed a $40 million loan with CD Finance Management to fund microloans for farmers and rural microentrepreneurs in the People's Republic of China. At least 60% of the loan is targeted for women borrowers and is expected to benefit at least 30,000 women. The company will implement a gender action plan, which includes measures to improve female borrowers’ skills to access microloans and staff capacity to respond to female clients. Read the news release.

  • 8 April 2021 Trade and Supply Chain Finance Program hosts supply chain finance webinar in Uzbekistan

    More than 200 banking professionals from Uzbekistan participated in a webinar on supply chain finance products, strategies, and global trends on 8-9 April 2021. This was jointly hosted by the ADB Private Sector Operations Department's Trade and Supply Chain Finance Program (TSCFP) and the Uzbekistan Banking Association. Factors Chain International shared expertise on factoring and reverse factoring, supply chain finance technology and legal considerations, while IndusInd Bank shared their journey in building and expanding a supply chain finance program in India. Uzbekistan Resident Mission delivered the closing remarks. TSCFP works with 9 banks in Uzbekistan and has supported 645 transactions valued at $1.78 billion (60% cofinanced by private sector) in trade as of February 2021. Visit the TSCFP website to view the recorded webinar.