Funding of the Sponsor Funded Staff Programme of Asian Development Bank

Description What is done in the programme or project and why, what results are pursued, who benefits from the activities and who are involved in the implementation.

With this intervention, the Ministry for Foreign Affairs of Finland funds the Sponsor Funded Staff Programme of the Asian Development Bank. The funding will cover the sponsorship of a third Finnish expert in the Asian Development Bank in Manila. The sponsored investment specialist will be placed in the bank's Private Sector Operations Department (PSOD) with the responsibility of building and managing the assigned key accounts and portfolio. With the previous two funding decisions, a private sector expert was funded for the Asian Development Bank's Vietnam country office and an education expert for the Asian Development Bank's headquarters in Manila. The financial specialist to be placed in Manila supports the construction of the private sector investment portfolio, due diligence reports, and the project approval processes.