The Asian Development Bank (ADB) committed a record 58 private sector transactions in 2024, up 45% from the previous year, with $2.6 billion of financing, according to its 2024 Private Sector Operations Report on Development Effectiveness.
The report highlights that the total volume of commitments — including programmes, projects, and co-financing — reached an unprecedented $8 billion, underscoring ADB's expanding role in driving private sector-led development and innovation across Asia and the Pacific.
Long-term co-financing with private partners amounted to $3.6 billion in 2024, comprising $3.4 billion from project co-financing, $0.2 billion from long-term co-financing through the Microfinance Programme, and $7.4 million from ADB Ventures. An additional $2.1 billion co-financing was provided for the Office of Markets Development and Public-Private Partnership.
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