Regional : Accelerating Environmental, Social, and Governance-Focused Private Sector Market Development in the Central and West Asia Region

1. This technical assistance (TA) program seeks to promote transformational private sector development (PSD) by tackling hurdles that are impeding private sector investment related to environmental, social, and governance (ESG) growth in underserved markets. These interventions will bridge the gap between upstream policy reforms and downstream client-specific interventions. The TA will support innovative and transformational interventions that have a high demonstration effect. The TA will also deliver outputs that support and align with the ongoing upstream PSD reforms, policy actions, and other ESG-related Asian Development Bank (ADB) programs.2. The TA is designed to support projects that will have a strong ESG impact for the targeted Central and West Asia developing member countries (DMCs) and will align with ESG-related interventions for focus areas of ADB's private sector financing.3. The TA is aligned with ADB's ambition for systematic expansion of support for PSD and is aligned with ADB's Strategy 2030 and the ESG-related sections of target DMCs' country partnership strategies (CPSs). It will also contribute to the PSD shift under ADB's new operating model. To support Central and West Asia DMCs in realizing their development potential, ADB, in line with the new operating model and Strategy 2030, intends to be a catalyst for PSD.