ADB Injects Capital Into ASEAN SME Growth Fund

The Asian Development Bank has announced it will invest as much as USD25 million in a fund promoting the growth of small and medium-sized enterprises in China and member countries of the Association of Southeast Asian Nations. The ASEAN China Investment Fund II covers companies that will benefit from regional trade and require capital to fund expansions, acquisitions, joint ventures and restructuring, according to an ADB news release.

About the author

  • Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.