Are the basic internal structures and skills in place to ensure the strategys successful implementation?
ADB will be training staff members and exposing them to the opportunities of dealing with the private sector. Experienced private sector development specialists are already in place, and the core team will continue monitoring the implementation process. A private sector development network is being created to prepare a database on activities, provide advice on opportunities, and implement a private sector scorecard while preparing projects. Will ADB increasingly assume a purely private sector focus and become like the International Finance Corporation? I doubt very much we would emulate IFC, but we might create a separate entity. On hindsight, a wholly subsidized organization similar to the IFC is an option that still should be considered. RELATED DOCUMENTS • ADBs Poverty Reduction Strategy • Private Sector Development Strategy [Publications] • ADB’s New Strategy To Promote Private Sector Development [ News Release] • Strategy for Private Sector Development Approved by the Asian Develo
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