Sofian Khan
The first annual public-private partnership (PPP) projects report of Asian Development Bank (ADB) has been launched. A press release from Manila in Philippines on Thursday by ADB confirmed this.PPP monitor tracks the development of ADB member countries across their PPP business environment. It provides resolution for governments to structure a sound environment on development of PPP. The new PPP project report suggests development of financial markets within countries in Asia and the its Pacific region. Also, the projects are more likely to be secured by diverse financing resources. The first edition of the report was based upon surveys on Bangladesh, the People’s Republic of China (PRC), India, Indonesia, Kazakhstan, Papua New Guinea, the Philippines, Thailand, and Viet Nam. This, in its subsequent will eventually expand and include additional countries. According to the reports, the most developed financial markets are acquired by India, Philippines, and Thailand. Also it is found that the PRC has the most PPP projects. Energy generation is its one of the most successful sectors this year.Also, some challenges do remain for further PPP development. Enhanced development of financial facilities is on the top of all. ADB has been working with a focus to reduce poverty in Asia and the Pacific region through inclusive economic growth. Established in 1966 based in Manila, it is celebrating 50 years of its development partnership.