ADB private sector financing exceeds $8.3 bn in 2016, up 15% year on year

[rooster59]

ADB private sector financing exceeds $8.3 bn in 2016, up 15% year on year

By THE NATION

 

The Asian Development Bank (ADB) approved US$2.5 billion (Bt88 billion) in new private sector financing in 2016. Together with co-financing, ADB mobilised $8.3 billion for private sector projects in the region, a 15 per cent increase over last year and a new record for the multilateral.

 

“The private sector has a fundamental role to play to help developing Asia create good jobs, build high quality infrastructure, and alleviate poverty. ADB’s 2016 financing – including a record level of co-financing – shows the importance of bridging the public and private sectors in the region,” said Diwakar Gupta, ADB vice-president for private sector and co-financing operations. 

 

“We will continue to expand our activities in 2017, providing access to more financial solutions and trade facilitation tools while sharing knowledge and expertise to ensure Asia’s development is sustainable and inclusive,” Gupta added.

 

Full story: http://www.nationmultimedia.com/news/business/EconomyAndTourism/30305653

 

 

-- © Copyright The Nation 2017-02-04

[Srikcir]

21 hours ago, rooster59 said:

a 15 per cent increase over last year and a new record for the multilateral.

For Thailand there's no guarantee how much investment is directed towards it. If prioirtized to emerging country GDP growth, Thailand might be ADB's lowest priority.