ADB and MIGA planned to expand Development Finance in Asia and Pacific to increase the flow of private sector investment

Asian Development Bank (ADB) and the Multilateral Investment Guarantee Agency (MIGA) agreed to expand Development Finance in Asia and Pacific to increase the flow of private sector investment.
They signed a Cooperation Agreement which will be effective for 3 years from signing.
This was signed in line with the 2030 Sustainable Development Goals(SDGs).
The main aim is to encourage more private investment in developing countries.

About MIGA: 
Headquarters: Washington DC, US
Founded: 1988
Parent Organization: World Bank
Membership: 181 countries
Executive Vice President: Keiko Honda

About ADB: 
Headquarters: Mandaluyong, Manila, Philippines
President: Takehiko Nakao
Founded: 19 December 1966
Membership: 68 countries