1、ASIAN DEVELOPMENT BANK PRIVATE SECTOR OPERATIONS About the Asian Development Bank ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members49 from t

2、he region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance. For inquiries and clarifications: Tel +63 2 8632 6540 E-mail newbusinessadb.org Creative Commons Attribution 3.0 IGO license (CC B

3、Y 3.0 IGO) 2020 ADB. The CC license does not apply to non-ADB copyright materials in this publication. https:/www.adb.org/terms-use#openaccess http:/www.adb.org/publications/corrigenda PSN ARM200108-2pubsmarketingadb.org Notes: On the cover: The Asian Development Bank is actively involved in private

4、 sector development projects. All photos are by ADB unless otherwise stated. OUR SECTOR FOCUS Finance and capital markets Providing better access to higher-quality financial services across Asias developing markets Environmental protection Developing sources of renewable energy and encouraging energ

5、y efficiency Sustainable agribusiness Promoting environmentally friendly food production, processing, and distribution Infrastructure Catalyzing economic growth and social equity via energy, waste, water, transport, and telecommunications facilities Education Building human capital through the expan

6、sion of basic and higher education services Health Supporting private providers of high-quality and affordable health care Debt Direct loans at market-based rates, B loans, and unfunded risk participations Guarantees Protection against political and credit risks equity investments Direct investments

7、 in common shares, preferred stock, or convertibles; investments in private equity funds technical assistance anD concessional capital Collaborative support for project implementation, institutional capacity building, economic stability, and inclusive growth; attractively priced and structured finan

8、cing from third-party sources for specific industries or geographic areas Poverty reduction through inclusive, sustainable, and socially responsible economic growth led by the private sector OUR MAIN GOAL Wide network of strategic partnerships with leading market players, financial and research inst

9、itutions, and civil society, formed over ADBs 50 years of successful development assistance in diverse operating contexts Multifaceted approach to service delivery, encompassing not only finance but also intellectual capital and other proprietary resources Mitigated risk financing through rigorous c

10、redit analysis and targeted risk reduction and management, offering attractive risk-adjusted returns Organizational and staff presence in 31 regional, subregional, and country offices worldwide, allowing closer and sustained engagement with clients and direct involvement in country strategy planning

11、, project administration, and risk management Credibility with host governments, private investors, and project developers, based on ADBs AAA rating, reputation for prudent underwriting, and proven safeguard policies Highly qualified team of banking and industry specialists drawn from the private se

12、ctor THE PSOD ADVANTAGE: OUR VALUE ADDITION The Private Sector Operations Department (PSOD) of the Asian Development Bank (ADB) catalyzes, structures, and provides financing to privately held and state-sponsored companies across a wide range of industry sectors throughout developing Asia. The emphas

13、is is on commercially viable transactions that generate attractive financial returns while also delivering on ADBs organization-wide mission to promote environmentally sustainable and inclusive economic growth. WHO WE ARE Finance private sector companies, banks, and projects in infrastructure, finan

14、cial services, clean energy, agribusiness, and other core sectors via debt and equity investments Mobilize third-party capital via credit enhancement products, risk transfer agreements, and mobilization of donor funds Invest in private equity and other structured funds and manage institutional capit

15、al in such funds on behalf of clients Actively manage our portfolio to ensure strong financial performance, high development impact, and strong compliance with environmental, social, and governance safeguards WHAT WE DOOUR PRODUCTS AND SERVICES Debt Direct loans at market-based rates, B loans, and u

16、nfunded risk participations Guarantees Protection against political and credit risks equity investments Direct investments in common shares, preferred stock, or convertibles; investments in private equity funds technical assistance anD concessional capital Collaborative support for project implement

17、ation, institutional capacity building, economic stability, and inclusive growth; attractively priced and structured financing from third-party sources for specific industries or geographic areas Poverty reduction through inclusive, sustainable, and socially responsible economic growth led by the pr

18、ivate sector OUR MAIN GOAL Wide network of strategic partnerships with leading market players, financial and research institutions, and civil society, formed over ADBs 50 years of successful development assistance in diverse operating contexts Multifaceted approach to service delivery, encompassing

19、not only finance but also intellectual capital and other proprietary resources Mitigated risk financing through rigorous credit analysis and targeted risk reduction and management, offering attractive risk-adjusted returns Organizational and staff presence in 31 regional, subregional, and country of

20、fices worldwide, allowing closer and sustained engagement with clients and direct involvement in country strategy planning, project administration, and risk management Credibility with host governments, private investors, and project developers, based on ADBs AAA rating, reputation for prudent under

21、writing, and proven safeguard policies Highly qualified team of banking and industry specialists drawn from the private sector THE PSOD ADVANTAGE: OUR VALUE ADDITION The Private Sector Operations Department (PSOD) of the Asian Development Bank (ADB) catalyzes, structures, and provides financing to p

22、rivately held and state-sponsored companies across a wide range of industry sectors throughout developing Asia. The emphasis is on commercially viable transactions that generate attractive financial returns while also delivering on ADBs organization-wide mission to promote environmentally sustainabl

23、e and inclusive economic growth. WHO WE ARE Finance private sector companies, banks, and projects in infrastructure, financial services, clean energy, agribusiness, and other core sectors via debt and equity investments Mobilize third-party capital via credit enhancement products, risk transfer agre

24、ements, and mobilization of donor funds Invest in private equity and other structured funds and manage institutional capital in such funds on behalf of clients Actively manage our portfolio to ensure strong financial performance, high development impact, and strong compliance with environmental, soc

25、ial, and governance safeguards WHAT WE DOOUR PRODUCTS AND SERVICES OUR SECTOR FOCUS Finance and capital markets Providing better access to higher-quality financial services across Asias developing markets Environmental protection Developing sources of renewable energy and encouraging energy efficien

26、cy Sustainable agribusiness Promoting environmentally friendly food production, processing, and distribution Infrastructure Catalyzing economic growth and social equity via energy, waste, water, transport, and telecommunications facilities Education Building human capital through the expansion of ba

27、sic and higher education services Health Supporting private providers of high-quality and affordable health care Publication date: April 2020 For inquiries and clarifications: Tel +63 2 8632 6540 newbusinessadb.org Notes: (i) $ = United States dollar. (ii) Numbers may not sum precisely because of ro

28、unding. PSODs Current Portfolio, by Industry Sector, 2019 ($ million) As of 31 December 2019 PSODs Current Portfolio, by Geography, 2019 ($ million) PSODs Direct Value-Added Cofinancing, 2019 ($ million) As of 31 December 2019 As of 31 December 2019 East Asia Central and West Asia South Asia Regiona

29、l Southeast Asia billion Trade Finance Supply Chain Finance Parallel Loans B Loans Risk Transfer Arrangements Parallel Equity billion Agribusiness Environment-related Finance Infrastructure Health billion Education PSOD Activities in 2019 Indonesia Expanding Access to Credit for Women (Kashf Foundat

30、ion) Pakistan Second PRAN Agribusiness Project Bangladesh Baikonyr Solar Power Project Total Eren Access M-KAT Solar Power Project KazakhstanPeoples Republic of China India Regional Armenia Viet Nam Integrated and Sustainable Livestock Value Chain Project Eco-Industrial Park Waste-to-Energy Project

31、Health Care Finance in Underdeveloped Provinces (Far East Horizon Limited) Maxwealth Financial Leasing Co., Ltd., for Industrial and Municipal Wastewater Treatment Project Equity Investment in CDH VGC Fund II, L.P. Myingyan Natural Gas Power Project Nationwide Data Connectivity Project Myanmar Foste

32、ring Womens Empowerment Through Financial Inclusion in Confl ict-Impacted and Lagging Provinces Project Philippines Floating Solar Energy Project High-Value Coconut Processing Project Riau Natural Gas Power Project Yerevan Gas-Fired Combined-Cycle Power Project Inclusive Beverage Production and Dist

33、ribution Project AC Energy Green Bond Project Tertiary Education Project Capital Contribution to the Credit Guarantee and Investment Facility Asia-Pacifi c Remote Broadband Internet Satellite Project Everbridge Partners Fund I, L.P. Kaizen Private Equity II Pte. Ltd. Avaada Solar Project Expanding M

34、icro, Small, Medium-Sized Enterprise Lending Project Supporting Access to Finance for Women in Rural Areas Project Tata Capital Growth Fund II Highway Equipment Finance Project Railways Track Electrifi cation Project Georgia Low-Income Housing Finance Hospital Bond Project Kandahar Solar Power Proje

35、ct Afghanistan Gender Inclusive Dairy Value Chain Project Sermsang Khushig Khundii Solar Project XacBank LLC for MSME Financing Project Mongolia Equity Investment in Kina Securities Limited for Supporting Inclusive Finance through the Development of Private Sector Banking Papua New Guinea Nepal Uppe

36、r Trishuli-1 Hydropower Project Thailand Energy Absolute Green Bond for Wind Power Project Eastern Economic Corridor Independent Power Project Bangkok Mass Rapid Transit Project (Pink and Yellow Lines) Private Equity Water Transport Agribusiness Energy Renewable Energy Other Education Financial Inst

37、itutions Health Information, Communication, Telecommunication This map was produced by the cartography unit of the Asian Development Bank. The boundaries, colors, denominations, and any other information shown on this map do not imply, on the part of the Asian Development Bank, any judgment on the l

38、egal status of any territory, or any endorsement or acceptance of such boundaries, colors, denominations, or information. 2019 CASE STUDIES INFRASTRUCTURE Client: Barakat Kandahar Solar Energy (BKSE) ADB Commitment: $4.0 million loan, $3.85 million loan from the Canadian Climate Fund for the Private

39、 Sector in Asia II (CFPS II) Key Features: Afghanistans electricity mix is dominated by electricity imports (85%), which are complemented by domestic hydropower. The country has limited indigenous sources of electricity and a total installed capacity of 568 megawatts (MW). This excessive dependence

40、on imports has immense implications for a country with scarce foreign exchange reserves. The project is part of several initiatives undertaken by the Ministry of Energy and Water to address the countrys chronic power outages and to reduce its dependence on energy imports. It involves the constructio

41、n, operation, and maintenance of a 15 MW solar power plant in Kandahar. Main project components include 55,000 photovoltaic panels and 100 inverters. A 20-year power purchase agreement, under a fixed tariff, was concluded under the project, with the government as sole purchaser of electricity genera

42、ted by the plant. The project is a landmark as it involves ADBs first loan to Afghanistan. It is also the countrys first grid-connected solar project developed by the private sector and the only project so far to undergo competitive bidding and financed by an international development institution. A

43、DBs Value Addition: Mobilize long-term financing, which is otherwise unavailable for a private sector solar power project in Afghanistan. Address lending constraints, including the prohibitive terms and very short tenor of local commercial bank loans (if available). ADBs support, along with its abil

44、ity to mobilize loans from CFPS II, is crucial in meeting a major market gap and establishing project viability. Ensure the adoption of international best practices in environmental and safeguard management. Approval Date: 2 April 2019 Commitment Date: 17 May 2019 AFGHANISTAN: KANDAHAR SOLAR POWER P

45、ROJECT Publication date: April 2020 For inquiries and clarifications: Tel +63 2 8632 6540 newbusinessadb.org Note: $ = United States dollar Actual project site (photo from 77 Group). 2019 CASE STUDIES INFRASTRUCTURE Client: Indian Railways Finance Corporation ADB Commitment: $746 million loan equiva

46、lent in Indian rupees ($500 milion risk transfer) Key Features: The Government of India has placed significant emphasis on investing in infrastructure and has developed a 5-year, $132 billion capital expenditure program to modernize the Indian Railways, which it owns through the Ministry of Railways

47、. Part of the overall master plan is the electrification of railway tracks for faster and more efficient movement of goods and people across the country. Electric trains cost far less to operate and maintain than diesel- powered trains, use renewable energy, and are able to recover energy from train

48、s braking or slowing down. The project involves the electrification of about 3,378 route-kilometers of existing railway tracks spread across 13 states in India. ADBs Value Addition: ADBs 20-year amortizing local currency loan will allow the Indian Railways to match cash flow from assets to loan repa

49、yment with no foreign exchange risk. Help attract private sector insurance companies through unfunded risk transfersan important and new source of mobilization. Provide technical assistance to Indian Railways to help build capacity in environmental and social safeguards systems required to implement the railway electrification subprojects. Approval Date: 10 July 2018 Commitment Date: 16 May 2019 INDIA: RAILWAYS TRACK ELECTRIFICATION PROJECT Publication date: April 2020 For inquiries a