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Kenneth Reidbord

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PRC: Chendu Water Supply Project. India: LNG Petronet ... Tel.: (63-2) 887-1345; 887-1346; Fax: (63-2) 887-1164. Websites: www.buyusa.gov/adb, www.adb.org ... – PowerPoint PPT presentation

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Title: Kenneth Reidbord


1
  • Presented by
  • Kenneth Reidbord
  • Senior Commercial Officer/Director
  • US Commercial Service Liaison Office to the ADB

2
US 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

3
US 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

4
The Asian Development Bank
  • Multilateral development financial institution
  • Helps improve the standard of living in
    Developing Member Countries

5
The Asian Development Bank
6
The Asian Development Bank
  • How ADB helps
  • Policy dialogue
  • Loans
  • Technical assistance
  • Grants
  • Guarantees
  • Equity investments

c
7
The Asian Development Bank
  • Projects and Programs Focus
  • Economic growth
  • Human development
  • Gender and development
  • Good governance
  • Environmental protection
  • Private sector development
  • Regional cooperation

8
ADB-Funded Activities by Category
  • Loans
  • Technical Assistance Grants
  • Co-financing/Private Sector

9
ADB Main Activities Business Opportunities
  • Business Opportunities for
  • Suppliers of goods and equipment
  • Contractors
  • Consultants

10
US 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
11
US Contract Awards - 2006
  • TOTAL 276 million
  • Goods and related services, Civil works
  • 230 million
  • Consulting Services
  • 45 million
  • Development Finance Institutions
  • 79 thousand

12
ADB and the Private Sector
  • Focal sectors
  • Financial banks, non-bank financial
    institutions, SMEs, micro enterprise
  • Infrastructure energy, water supply,
    telecommunications

13
ADB 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.

14
ADB and the Private Sector
  • Project Evaluation Criteria
  • Financially viable
  • Reasonable cost
  • Preference for infrastructure projects awarded
    thru competitive bidding

15
Private Sector Financing

16
Private 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

17
Private 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?


18
Private 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

19
Private 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!

20
Private Sector Development
  • Important Factors
  • Asian institution
  • One stop shopping
  • Decision making in region
  • THESE ARE NOT UNIQUE ADVANTAGES

21
Private 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.

22
Private Sector Development
  • WHAT IS PSODs REAL PRODUCT?
  • Risk Mitigation
  • Regulatory Dialogue
  • Knowledge Transfer expertise
  • ADB is uniquely positioned in these products!

23
Private Sector Development
CORE OPERATIONS
  • Financial Services
  • Trade Finance
  • Housing
  • SME Finance
  • Restructuring
  • Banking System
  • Infrastructure
  • Power
  • Water
  • Telecom
  • Ports
  • Roads
  • SOEs

24
Private 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

25
Private Sector Development
PRIVATE SECTOR On the Ground Experience
Public-Private Partnership Is The Key!
26
Private 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.

27
Important 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
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