This publication describes how state-owned enterprises (SOEs) can access finance on commercial terms, without sovereign guarantees. Doing so can create fiscal space for governments and new sources of finance for needed investment. Under Strategy 2030, the Asian Development Bank is committed to SOE reform that supports access to commercial finance in its developing member countries. The publication confirms the rise of commercial finance for SOEs and details steps to enhance the bankability of SOEs. This includes practical guidance on how to improve governance and increase financial viability. The publication also explains how the risks of such borrowing, including defaults and moral hazards created by implicit guarantees, can be managed.

This publication describes how state-owned enterprises (SOEs) can access finance on commercial terms, without sovereign guarantees. Doing so can create fiscal space for governments and new sources of finance for important investments. ADB is committed to SOE reform that supports access to commercial finance in its developing member countries, as also emphasized in Strategy 2030. With the rise of commercial finance for SOEs, this publication details the steps to enhance the bankability of SOEs. It also explains how the risks of such borrowing, including defaults and moral hazards created by implicit guarantees, can be managed.

Under Strategy 2030, the Asian Development Bank (ADB) is committed to state-owned enterprise (SOE) reform in its developing member countries (DMCs). The publication reviews the significance of SOEs in Asia and the Pacific, the role of SOE reform in ADB's strategy, and related requirements for nonsovereign and One ADB projects. Nonsovereign financing for SOEs can help reduce the burden of sovereign debt and mobilize new funding for vital investments, including climate change mitigation. Designed to guide ADB staff in their work with SOEs through sovereign projects, policy-based loans, and technical assistance, this publication may also be of use to DMC officials and SOE boards and management.

The volume on China: The Bankable State rejects neoliberal consensus and focuses on crucial contributions of the Chinese state in shaping Chinese economy. This book makes crucial theoretical contributions to the study of local political economy of China. This book engages with Chinese state responses to challenges China faces in the processes of reform, transition and development of both commercial and non-commercial banks. This book explores Chinese economic growth and development policy processes and its uniqueness in the wider world economy. The book examines Chinese financial policy praxis and offers an insightful account of its successes for the wider resurgence of alternative political economy of local development. Additionally, this book also showcases state led entrepreneurship in China.

Refer review of this policy book in 'Journal of International Development, vol. 10, 7, 1998. pp.841-855.

Strategy 2030 underscores the commitment of the Asian Development Bank (ADB) to support state-owned enterprise (SOE) reform in developing member countries (DMCs). This guidance note provides an overview of SOEs and explains the significance of reforms in implementing ADB’s corporate strategy for its operations in DMCs. It discusses the requirements for SOE reform and provides guidance on challenges that need to be addressed and areas to focus on relative to different sector needs. Designed to help ADB staff in their work with SOEs, this guidance note is also a useful resource for officials from DMCs, and SOE board and management members.

State-owned enterprises (SOEs) can play a key transformative role in the green transition needed to tackle climate change and biodiversity loss. This report explores how these SOEs can develop and deploy sustainable financial instruments to aid in this transition. To accelerate the successful adoption of green finance tools, the report examines how SOEs can resolve governance and capacity gaps to make better use of green capital markets, enabling a healthier environment and a more resilient future.