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
18 March 2021Trade and Supply Chain Finance Program hosts webinar on regulatory change for open account financing in Bangladesh
More than 400 exporters, bankers, and corporate officers from Bangladesh and 19 other countries participated in a webinar jointly hosted by ADB and International Chamber of Commerce on 18 March 2021 on how new open account financing regulation could make trade transactions easier and boost shipments especially of SMEs in Bangladesh.
17 March 2021VP Lavasa announces ADB Ventures first investments
VP Ashok Lavasa on 17 March 2021 announced ADB Ventures' first investments at an online press conference attended by more than 25 journalists and 100 development partner representatives. ADB announced investments in Euler Motors, an electric vehicle manufacturer and fleet operator focused on last-mile commercial logistics in India, and Smart Joules, which provides energy-as-a-service to deliver energy savings for large hospitals and commercial buildings. ADB Ventures is ADB's new venture arm, co-investing with the private sector in early-stage companies for SDG impact. Read the news release.
16 March 2021ADB signs $65 million COVID-19 Liquidity Support Facility with Fiji Airways
ADB Private Sector Operations Department Director-General Suzanne Gaboury on 12 March 2021 joined the virtual signing ceremony in Nadi, Fiji for ADB's $65 million COVID-19 Liquidity Support Facility to help fund Fiji Airways through the international travel downturn due to COVID-19 and support its return to profitability. The facility comprises a $40 million loan from ADB and a $25 million loan from JICA's Leading Asia's Private Infrastructure Fund (LEAP), administered by ADB. This is ADB's first private sector loan in Fiji and its Private Sector Operations Department's first financing to the airline sector. Read the news release.
15 February 2021VP Lavasa signs agreement for COVID-19 testing in India
VP Ashok Lavasa on 15 February 2921 signed an agreement for an Indian rupee 400 million debt financing for Krsnaa Diagnostics Private Limited to support expanded COVID-19 screening and detection in India, and ensure continued essential diagnostic services for other illnesses. The financing will increase availability of RT-PCR machines, test kits, and computed radiography systems for digital X-ray imaging. Krsnaa is India’s largest business-to-business diagnostic company with public-private arrangements for more than 1,000 collection centers and laboratories across 12 states
12 February 2021ADB signs debt financing to support COVID-19 response in India
VP Ashok Lavasa on 12 February 2021 signed a Indian rupee R1 billion debt financing agreement with Global Health Private Limited (Medanta), the leading hospital operator in India. The project will support the purchase of personal protective equipment, basic hygiene products, and patient care equipment such as ventilators and beds. VP Lavasa and Medanta Chairperson and Managing Director Dr. Naresh Trehan visited Medanta-The Medicity in Gurgaon, one of the first hospitals in India treating COVID-19 patients. Read the news release.
11 February 2021ADB signs first green loan in Thailand
ADB Private Sector Operations Department Director-General Suzanne Gaboury on 11 February 2021 signed a 1.5 billion Thai baht investment in a green loan to Energy Absolute PCL to support the long-term financing of its renewable energy and sustainable transport activities, including the rollout of a comprehensive electric vehicle charging network in Thailand. It will be the first Climate Bond Initiative-certified green loan in Thailand. Read the news release.
21 January 2021ADB supports pharmaceutical and vaccine distribution in People's Republic of China
VP Ashok Lavasa on 21 January 2021 opened an online signing ceremony for a $37 million private sector loan to Jointown Pharmaceutical Group. The loan will help Jointown expand its distribution capacity in underserved areas of the People's Republic of China. Jointown is playing a key role in distributing COVID-19 vaccines across the country. The three distribution centers funded by ADB include cold chain warehouses that can be used to store vaccines, and will further strengthen the People's Republic of China's resilience against a future potential pandemic. Christiane Laibach, CEO of the co-financier DEG and Director General of ADB's Private Sector Operations Department Suzanne Gaboury delivered keynote speeches. This is the second cooperation between PSOD and Jointown following a COVID-19 response loan of CNY130 million ($18.6 million) in February 2020. Read the news release.
21 January 2021ADB supports pharmaceutical and vaccine distribution in the People's Republic of China
VP Ashok Lavasa on 21 January 2021 opened an online signing ceremony for a $37 million private sector loan to Jointown Pharmaceutical Group. The loan will help Jointown expand its distribution capacity in underserved areas of the People's Republic of China. Jointown is playing a key role in distributing COVID-19 vaccines across the country. The three distribution centers funded by ADB include cold chain warehouses that can be used to store vaccines, and will further strengthen the People's Republic of China's resilience against a future potential pandemic. Ms. Christiane Laibach, the CEO of the co-financier Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG), and Director General of ADB's Private Sector Operations Department Suzanne Gaboury delivered keynote speeches. Read the news release.
15 January 2021ADB's Trade and Supply Chain Finance Program awarded as best multilateral development bank
The Global Finance Magazine has named ADB ‘Best Development Bank in Trade Finance’. ADB's Trade and Supply Chain Finance Program (TSCFP) increased transactions to over 7,000 in 2020, worth $5.8 billion, and developed knowledge products including a COVID-19 supply chain mapping tool, webinars, online training, and industry-leading initiatives in anti-money laundering, and digitization of trade.
22 December 2020ADB signs loan for first private sector power plant in Uzbekistan
VP Ashok Lavasa on 22 December 2020 spoke at the signing ceremony of 100-megawatt Navoi solar power plant - the first public-private partnership renewable energy project in Uzbekistan. ADB and "Nur Navoi Solar" Foreign Enterprise LLC (a Masdar company) signed project financing loans of $17.5 million. The financing comprises loans from ADB, the ADB-administered Canadian Climate Fund for the Private Sector in Asia II, and the International Finance Corporation. The project will spur further private sector financing support for Uzbekistan's renewable energy sector and help the government achieve its target of generating 5 gigawatts of clean energy by 2030. Read the news release.