Asian Development Bank (ADB) – Project Finance and Funding
ADB is an international development finance institution whose mission is to help its developing member countries reduce poverty and improve the quality of life of their people. ADB’s main partners are governments, the private sector, nongovernment organizations, development agencies, community-based organizations, and foundations. Under Strategy 2020, a long-term strategic framework adopted in 2008, ADB will follow three complementary strategic agendas: inclusive growth, environmentally sustainable growth, and regional integration. ADB’s Private Sector Operations Department (PSOD) is focuses on the following core sectors:
- Energy (e.g. power, generation transmission and distribution, renewable power),
- Transport (e.g. roads, ports, railways, airports),
- Water (e.g. water supply and waste treatment), and
- Urban infrastructure.
Forms of assistance
In pursuing its vision, ADB’s main instruments comprise loans, technical assistance, grants, advice, guarantees (credit-and political risk-based), equity investments and knowledge. Although most lending is in the public sector – and to governments – ADB also provides direct assistance to private enterprises of developing countries through equity investments, guarantees, and loans. In addition, its triple-A credit rating helps mobilize funds for development.