ADB Re­gional Fo­rum to­day

The Pak Banker - - Front Page -

IS­LAM­ABAD

A two-day Re­gional Fo­rum on “In­vest­ing in In­clu­sive Busi­ness in Asia” will start from Wed­nes­day (to­day) in Philip­pi­ans which will high­light the in­no­va­tive and im­pact­ful in­clu­sive busi­ness models from across the re­gion.

The fo­rum will re­view the grow­ing in­ter­est of pri­vate in­vestors in this mar­ket­place, and dis­cuss the im­por­tant role devel­op­ment fi­nance in­sti­tu­tions (DFIs) can play in ac­cel­er­at­ing the growth and im­pact of this field in the re­gion. The Fo­rum will also dis­cuss the find­ings and rec­om­men­da­tions of var­i­ous in­clu­sive busi­ness mar­ket stud­ies Asian Devel­op­ment Bank (ADB) has done in 10 Asian coun­tries.

The Fo­rum will of­fer ex­pert-led dis­cus­sions for both ex­pe­ri­enced and new in­vestors, in­clu­sive busi­ness prac­ti­tion­ers, thought lead­ers from academia and civil so­ci­ety, as well rep­re­sen­ta­tives of the devel­op­ment as­sis­tance com­mu­nity.

It will also high­light the body of prac­tice from Latin Amer­ica through the par­tic­i­pa­tion of the In­ter-Amer­i­can Devel­op­ment Bank who has played a cat­alytic role in pro­mot­ing im­pact in­vest­ing and in­clu­sive busi­ness devel­op­ment in Latin Amer­ica through suc­cess­fully de­ploy­ing US$260 mil­lion in more than 40 in­vest­ments across the re­gion over the last six years.

Over the past two decades, the Asia and the Pa­cific re­gion has sharply re­duced the share of its pop­u­la­tion liv­ing in poverty to 21 per cent ($1.25 per capita in­come/ex­pen­di­ture at pur­chas­ing power par­ity of 2005) and 47 per cent ($2). Many coun­tries in the re­gion have also broad­ened their ap­proach to­ward eco­nomic devel­op­ment and moved from poverty re­duc­tion to pro­mot­ing in­clu­sive growth strate­gies that can sus­tain­ably ben­e­fit the poor and vul­ner­a­ble. How­ever, the pace and pat­tern of growth has not cre­ated suf­fi­cient op­por­tu­ni­ties for the lower-in­come women and men, and gov­ern­ments’ ef­forts to pro­mote ba­sic ser­vices and in­come op­por­tu­ni­ties re­main of­ten lim­ited in scope, depth, and scale, in­di­cat­ing chal­lenges for pub­lic ac­tion to make eco­nomic growth more in­clu­sive.

While the pri­vate sec­tor has been a key con­trib­u­tor to the eco­nomic boom in Asia, com­mer­cially vi­able mar­ket-based so­lu­tions to cre­ate bet­ter op­por­tu­ni­ties for the lower in­come seg­ments in Asia are get­ting in­creas­ingly vis­i­ble. Fi­nan­cial in­sti­tu­tions – both in the mar­kets as well as gov­ern­ments and devel­op­ment part­ners – also in­creas­ingly en­gage in this “base of the pyra­mid” sec­tor. With the emer­gence of im­pact in­vest­ing and so­cial en­ter­prises, it is timely to have a mean­ing­ful di­a­logue on how best to lever­age th­ese pri­vate sec­tors led op­por­tu­ni­ties for poverty re­duc­tion and in­clu­sive growth through fi­nance, ca­pac­ity build­ing, knowl­edge shar­ing, and strate­gic align­ment.

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