Title: Kenneth Reidbord
1- Presented by
- Kenneth Reidbord
- Senior Commercial Officer/Director
- US Commercial Service Liaison Office to the ADB
2US Commercial Service Liaison Office to the ADB
- GOAL US fair share of ADB market opportunities
- Risk Mitigation
- Works directly with U.S. firms/sponsors/private
projects developers - Provides
- Advocacy/Commercial Diplomacy
- Information
- Procurement Alerts/ Market Briefs
- Market Advice
- Business Facilitation
3US Commercial Service Liaison Office to the ADB
- Major Distinction
- REGIONAL RESPONSIBILITY
- Regional market generated from ADB grants and
lending - 38 countries
- Many active sectors
- Consulting, professional services procurement
4The Asian Development Bank
- Multilateral development financial institution
- Helps improve the standard of living in
Developing Member Countries
5The Asian Development Bank
6The Asian Development Bank
- How ADB helps
- Policy dialogue
- Loans
- Technical assistance
- Grants
- Guarantees
- Equity investments
c
7The Asian Development Bank
- Projects and Programs Focus
- Economic growth
- Human development
- Gender and development
- Good governance
- Environmental protection
- Private sector development
- Regional cooperation
8ADB-Funded Activities by Category
- Loans
- Technical Assistance Grants
- Co-financing/Private Sector
9ADB Main Activities Business Opportunities
- Business Opportunities for
- Suppliers of goods and equipment
- Contractors
- Consultants
10US Shareholding and Voting Power(as of Dec 2005)
US Shares 552,210 (15.63 of total shares)
Votes 565,597 (12.80 of total membership,
36.43 of total nonregional membership)
Paid-in capital subscription 553
million Overall Capital subscription 7.89
billion
11US Contract Awards - 2006
- TOTAL 276 million
- Goods and related services, Civil works
- 230 million
- Consulting Services
- 45 million
- Development Finance Institutions
- 79 thousand
12ADB and the Private Sector
- Focal sectors
- Financial banks, non-bank financial
institutions, SMEs, micro enterprise - Infrastructure energy, water supply,
telecommunications
13ADB and the Private Sector
- ADB assistance
- Equity investment
- not to exceed 25 of the total share capital or
75 million - ADB cannot be the largest single investor in an
enterprise. - ADB does not assume responsibility for managing
an enterprise.
14ADB and the Private Sector
- Project Evaluation Criteria
- Financially viable
- Reasonable cost
- Preference for infrastructure projects awarded
thru competitive bidding
15Private Sector Financing
16Private Sector Development
- ADBs 2000 PRIVATE SECTOR
DEVELOPMENT STRATEGY - PSOD to engage in selected transactions
- Public sector seeks out private sector
regulatory reforms - Public sector looks for private sector
opportunities in public sector projects
17Private Sector Development
- ADBs 2000 Private Sector Development Strategy
- PSOD does discrete transactions
- The PSOD has been Very Successful at a Time When
- Private Sector Banks Are Struggling
- Banking System Is Flush With Liquidity
- Capital markets are dis-intermediating banks
- WHY?
-
18Private Sector Development
- ADB is an attractive partner in transactions
- Catalytic Effect
- If ADB is in, we are in if ADB is out
we are out - Lighthouse effect
- The first dollar is the hardest to get ADB
is often the needed catalyst
19Private Sector Development
- Why does the private sector come to ADB?
-
- Not low cost money market terms
- Not better credit terms
- Not an easier/short approval process
- In short - no preferred terms!
20Private Sector Development
- Important Factors
- Asian institution
- One stop shopping
- Decision making in region
- THESE ARE NOT UNIQUE ADVANTAGES
21Private Sector Development
- WHAT IS PSODs REAL PRODUCT?
- NOT MONEY!
- 4 - 7 Trillion in Surplus Funds
- Strengthening of the Capital Markets
- Saving rates are higher in DMCs than
- in developed countries.
22Private Sector Development
- WHAT IS PSODs REAL PRODUCT?
- Risk Mitigation
- Regulatory Dialogue
- Knowledge Transfer expertise
- ADB is uniquely positioned in these products!
-
23Private Sector Development
CORE OPERATIONS
- Financial Services
- Trade Finance
- Housing
- SME Finance
- Restructuring
- Banking System
- Infrastructure
- Power
- Water
- Telecom
- Ports
- Roads
- SOEs
24Private Sector Development
- PSOD projects helped by ADB regulatory reform
- India India Mortgage Guarantee Corp.
- PRC Chengdu Water Supply Project
- Vietnam FSPL II
- Bangladesh Lafarge Surma Cement Project
- PSOD projects originated by Public Sector
- Mongolia Trade and Development Bank
- India Dahej Liquified Natural Gas Terminal
- India Tala Delhi Transmission Project
- Pakistan SME Guarantee Facility
- Bangladesh AES Meghnaghat Power Project
- PRC Chendu Water Supply Project
- India LNG Petronet
25Private Sector Development
PRIVATE SECTOR On the Ground Experience
Public-Private Partnership Is The Key!
26Private Sector Development
Support DMC governments in creating enabling
conditions for business
Fight Poverty In Asia
Catalyze private investments
Generate business opportunities in ADB financed
public sector projects
- Source Private Sector Development Strategy,
March 2000.
27Important Contacts
- Advocacy Center Liaison Office to the ADB
- Name Kenneth Reidbord, kenneth.reidbord_at_mail
.doc.gov - Cecile Santos, cecile.santos_at_mail.doc.gov
- Address American Business Center
- 25th Floor, Ayala Life FGU Center
- 6811 Ayala Avenue, Makati City 1226, Metro
Manila - Tel. (63-2) 887-1345 887-1346
- Fax (63-2) 887-1164
- Websites www.buyusa.gov/adb, www.adb.org