Asian Development Bank (ADB) says that adopting joint investment policies is crucial for developing countries including Afghanistan

The Asian Development Bank (ADB) is encouraging joint investment in developing countries including Afghanistan, saying that such projects will be implemented efficiently.  Addressing a session on the sidelines of the ADB annual meeting in Manila, Philippines, on Wednesday 2 May 2018, ADB officials said that the implementation of a joint investment policy is important for attracting investment and building infrastructure in developing countries including the Islamic Republic of Afghanistan. Participants at the meeting said that the Philippines was a leading country in implementing its joint investment policy between government and the private sector. “Bringing in the private sector is a way to help fund projects, and also sometimes the private sector can do it much faster, it is more efficient and sometimes they do it a bit more cost effectively,” said Kelly Bird the country director of ADB in the Philippines.