Asian Development Bank (ADB) and the Multilateral
Investment Guarantee Agency (MIGA) agreed to expand
Development Finance in Asia and Pacific to increase the flow of private sector
investment.
They signed a Cooperation Agreement which will
be effective for 3 years from signing.
This was signed in line with the 2030
Sustainable Development Goals(SDGs).
The main aim is to encourage more private
investment in developing countries.
About
MIGA:
Headquarters: Washington DC, US
Founded: 1988
Parent
Organization: World Bank
Membership: 181 countries
Executive
Vice President: Keiko Honda
About
ADB:
Headquarters: Mandaluyong, Manila, Philippines
President: Takehiko Nakao
Founded: 19 December 1966
Membership: 68 countries
