His Excellency Dr. KAO Thach, Chairman of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) and Royal Government Delegate in Charge as Chief Executive Officer of the Agricultural and Rural Development Bank (ARDB), presides over and delivers Opening Remarks at the Regional Roundtable Discussion on “Blended Finance: In Search of Effective Solutions”
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His Excellency. Dr. KAO Thach, Chairman of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) and Royal Government Delegate in Charge as Chief Executive Officer of the Agricultural and Rural Development Bank (ARDB), presided over and delivered the opening remarks at the regional roundtable discussion entitled “Blended Finance: In Search of Effective Solutions.”
The event was held virtually on the afternoon of Friday, 29 May 2026, and was jointly organized by State Development Corporation VEB.RF and ADFIAP. The discussion brought together senior representatives from State Development Bank Corporation VEB.RF, PT Sarana Multi Infrastruktur (Indonesia), Convergence, Development Bank of Oman, ARDB, the Development Bank of Japan, the Japan Economic Research Institute (JERI), and several key ADFIAP member institutions.
In the opening remarks, H.E. Dr. KAO Thach highlighted that achieving the Sustainable Development Goals (SDGs) globally requires approximately USD 4.3 trillion, of which the Asia-Pacific region alone requires around USD 1.5 trillion. However, a substantial sustainable development financing gap continues to persist. Addressing this gap will require greater participation from the private sector and development partners through the effective use of blended finance mechanisms.
On this occasion, H.E. Dr. also invited representatives of ARDB to share the bank’s experiences and lessons learned in implementing blended finance initiatives as part of the discussion.
