Private Sector Development Strategy

Abstract

Support for private sector development (PSD) is an integral part of the Poverty Reduction Strategy1 recently adopted by Asian Development Bank (ADB). Development of a strong and dynamic private sector is crucial to long-term, rapid conomic growth, a necessary condition for sustained poverty reduction. ADB now needs to articulate a strategy to define how it can more effectively promote private sector-led growth in support of its vision of an Asian and Pacific region free of poverty.