The Asian Development Bank’s (ADB) private sector operations reached $3 billion in 2019, lifting the overall portfolio by 11% to $13.6 billion, according to its latest Private Sector Operations in 2019 - Report on Development Effectiveness.

There were a record 38 new private sector projects committed in 2019, up from 32 the previous year. Almost $7 billion of commercial cofinancing complemented ADB’s direct financing, while $125 million was mobilized through transaction advisory services.