Asian development bank mail

The office is expected to open in the second half of this year and will be a "lean and focused" outfit with 12 staff, including several from the ADB's Private Sector Operations Department and Office of Public-Private Partnership, an MOF statement said. To meet this need, governments will need to work with multilateral development banks to make projects bankable and investable, in order to draw in private capital, Mr Heng said. Mr Nakao said that Singapore is well-suited to support the expansion of ADB's private sector operations as it is one of the world's leading financial and commercial hubs. The ADB traditionally worked with governments of member countries to deliver development projects.

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Strengthening the Asian Development Bank in 21st century Asia

The pace of change in Asia and new and more flexible sources of finance mean that the Asian Development Bank needs to continue to demonstrate its relevance to donors and borrowers. Despite rapid economic growth and increased prosperity across the Asian region, there is widespread poverty and deep inequality. The Asian Development Bank serves the Asia-Pacific region by providing local and regional public goods, particularly physical infrastructure. In all its dealings, the Bank brings good safeguards and its AAA credit rating.
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Trade war, Brexit could slow developing Asia's 2019, 2020 growth - ADB

The heads of the leading multilateral development banks MDBs meeting at the Global Infrastructure Forum GI Forum today expressed their condolences following the tragic loss of lives and livelihoods in Sulawesi, Indonesia and reaffirmed their commitment to work together to deliver infrastructure that is resilient, inclusive, and sustainable. The forum comprised two opening sessions. The first looked at how technology, such as solar energy systems, blockchain, and big data, can be used to make infrastructure more sustainable. The second discussed how to increase private infrastructure finance.
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The meeting preceded the signing of an agreement aimed at expanding the partnership between the two institutions. Prince Amyn Aga Khan expressed confidence that the agreement will enable an intensification of the collaboration between the two institutions, thereby helping to transform the lives of many. The agreement signed today reinforces the need for cooperation in sectors such as infrastructure, economic development, and human capacity building. It expresses the joint commitment of both institutions to local and regional ownership of development policies and programmes, long-term approaches to sustainable development, and investments which connect the poor to growth opportunities.
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