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The private sector challenge for the Asian Development Bank: some reflections

In: The Elgar Companion to the Asian Development Bank

Author

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  • K. A. S. Murshid

Abstract

This chapter argues that ADB could engage on a country-by-country or sub-regional basis to determine what interventions are best suited to improve private sector development (PSD) in a given context, taking into account the state of the market, availability of skills, financial deepening, entrepreneurship, and perhaps most crucially, its political-economic history. However, this will likely require institutional reforms within ADB, not just in member countries. The current incentive regime facing ADB professionals and staff has to be carefully reviewed, and any pressure to blindly pursue quantitative lending goals without adequately recognizing ‘real’ field performance in terms of high-quality projects must be avoided. A possible approach to PSD is discussed here with reference to a particular country, namely Bangladesh. It is also observed that in the wake of COP 26, it is vital that PSD is closely aligned with climate-proofing.

Suggested Citation

  • K. A. S. Murshid, 2024. "The private sector challenge for the Asian Development Bank: some reflections," Chapters, in: M. G. Quibria & Albab Akanda (ed.), The Elgar Companion to the Asian Development Bank, chapter 23, pages 263-274, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20552_23
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    File URL: https://www.elgaronline.com/doi/10.4337/9781800882966.00029
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