Original disclosure @ ADB website
Updated in EWS Dec 25, 2022
Disclosed by Bank Dec 13, 2022
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According to the Bank’s website, the knowledge and support technical assistance (TA) program will address interest expressed by the governments of the Asian Development Bank (ADB) developing member countries (DMCs) of Central and West Asia in leveraging private capital to address gaps in the financing of the Sustainable Development Goals (SDGs) using innovative financing modalities. The TA will focus on advising and assisting sovereign institutions - and their stakeholders - on strengthening their institutional capabilities to (i) develop a better understanding of various innovative financing modalities being implemented globally to correct specific market failures, realize opportunities, and overcome institutional limitations; (ii) validate the use of complex financing modalities and de-risking mechanisms to tap new sources of private financing for SDG financing gaps; (iii) strengthen the role of sovereign institutions in enabling the flow of private institutional capital for economic additionality, such as high social impact investments; (iv) facilitate novel partnership and contracting arrangements with the private sector, such as outcome-based financing; (v) explore innovative financing instruments to transfer disaster risks at the central and regional levels; and (vi) explore approaches and modalities that encourage the blending of other sources of capital (official development assistance, and private and other similar sources) with traditional forms of ADB financing, such as sovereign loans funded by ordinary capital resources and/or grants.
No contact information provided at the time of the disclosure.
ACCESS TO INFORMATION
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ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.