Dhaka, May 6 -- The Asian Development Bank (ADB) has signed an agreement with ten leading global insurers to mobilize up to $2.75 billion of private capital to support ADB's lending for sustainable growth in Asia and the Pacific.

The Master Framework Agreement for Sustainable Infrastructure facilitates the growth of the private sector in the region and will allow ADB to increase its lending capacity to projects through the use of credit insurance, reports BSS.

The partnership was signed with the following highly rated insurers: Tokio Marine Group, Chubb, AXA XL, Liberty Specialty Markets, Coface, Swiss Re, Everest, AXIS Capital, The Hartford, and Allianz Trade.

These insurers will help derisk a portion of ADB's loans to sustainable inf...