ADB, Japan launch $20m trust fund

The Asian Development Bank (ADB) and Japan have initiated a new trust fund to support private sector development in Asia and the Pacific by mobilising private capital and fostering long-term investment ecosystems, as per an official statement on Sunday.

The ADB Market Acceleration Platform for Asia and the Pacific (AMAP) was established with a $20 million contribution from Japan during ADB’s 58th Annual Meeting in Milan.

AMAP will provide support for policy reforms, capacity building, investment pipeline development, and de-risking structures to attract private sector participation in infrastructure, clean energy, financial services, and digital transformation.

“AMAP will help promote the business environment by providing policy advice to strengthen regulations and institutions,” said Katō during Catalysing Private Sector Development in Asia and the Pacific: What Role for MDBs seminar.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser