Philippines, May 27 -- The Asian Development Bank (ADB) committed a record 58 private sector transactions in 2024-up 45% from the previous year, with $2.6 billion of financing, according to its 2024 Private Sector Operations Report on Development Effectiveness. The total volume of commitments including programs, projects, and cofinancing reached an unprecedented $8 billion-underscoring ADB's growing role in driving private sector-led development and innovation across Asia and the Pacific. Long-term cofinancing with private partners reached $3.6 billion in 2024-$3.4 billion from project cofinancing, $0.2 billion from long-term cofinancing from the Microfinance Program, and $7.4 million from ADB Ventures. An additional $2.1 billion cofinancin...