At program appraisal, limited access to medium-term credit constrained the growth of small and medium enterprises (SMEs) in Kazakhstan. To help address the challenge, the Asian Development Bank (ADB) approved a $500 million multitranche financing facility (MFF) for the Small and Medium Enterprise Investment Program, in September 2010.
In October 2014, the Asian Development Bank (ADB) approved a $500 million multitranche financing facility (MFF) for the Clean Energy Finance Investment Program for India. The MFF was to be extended to a financial intermediary, the Indian Renewable Energy Development Agency Limited (IREDA), categorized by the Reserve Bank of India as a non-deposit-taking systemically important nonbanking financ
Mongolia’s economy is heavily dependent on mining and vulnerable to shocks. It experienced a rapid downturn in 2016 due to the declining commodity prices and decelerating growth in the People’s Republic of China, the country’s neighbor and largest trading partner. These and other factors precipitated a steady decline in gross domestic product growth, from 17.5% in 2011 to only 1% in 2016.
The Philippine Development Plan (PDP), 2011–2016 called for real gross domestic product (GDP) to grow by an average of 7%–8% per year, investment ratios to reach 22% by 2016, and a corresponding 17% reduction in extreme poverty. Recognizing the role played by investment in meeting the broader goals of inclusive economic growth and poverty reduction, the PDP targeted public infrastructure spend
Since the collapse of the Soviet Union, the Kyrgyz Republic has made significant progress in adopting market-based reforms, with private sector development as the key engine of growth. Nevertheless, growth has occurred largely from natural resource exploitation and remittances-backed private consumption.