How ADB is adapting to a changing Asia

Michael Barrow, head of the ADB's private sector unit, explains how the multilateral lender is switching course to mobilise private sector capital to help build the region's infrastructure.

The Asian Development Bank is putting the private sector front and centre as it reappraises its strategy after more than half a century of providing loans, technical assistance, grants and equity investments to developing Asian countries to push economic growth and reduce poverty.

Under a new strategy announced on July 26, the 52 year old bank has adjusted its priorities for the coming decade to reflect the growing need for a more balanced approach to investment in the region

One of the critical adjustments amongst a host of others for the Manila-based multilateral lender is the increased focus on the private sector.

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