Strategy aims at strengthening the role of the private sector as the engine of growth in Asia.
Long-term, rapid growth is necessary to sustain ADB's overarching goal of poverty reduction. The PSD strategy consists of a systematic and coherent framework that will guide ADB's activities to promote private sector development across the region. By properly regulating private utilities to ensure the poor have access to services at lower prices By linking privatization and divestiture to poverty reduction. ADB's recently approved New Pacific Strategy will also focus on helping member countries in the Pacific streamline their public sectors and boost private sector investment that will create more jobs and raise incomes and the quality of life. It aims to reduce risks in doing business in the Pacific, support maintenance of macroeconomic stability and develop policy framework where they are needed.