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p. 16 of 27 BACK | NEXT Executive Summary I. Background II. The Government's Development Priorities and Outlook III. Strategies and Programs of Other International Funding Agencies IV. ADB's Development Experience A. Summary of ADB Assistance B. Portfolio Status C. Evaluation of the Previous Country Strategy and Program D. Implications for the COS V. ADB's Strategy VI. Risks, Performance, and Monitoring

Country Operational Strategy Studies - Indonesia : IV. ADB's Development Experience

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B. Portfolio Status

107. There were 71 ongoing loans (including 4 program loans) in 67 projects in ADB’s loan portfolio in Indonesia as of 31 December 2000. They comprised a total commitment (net of cancellations) of $7.2 billion. The ratio of undisbursed loan balances to total net commitments stood at 50 percent, slightly above the ADB average of 48.5 percent. Absorption of program assistance in recent years has been slower than expected due to problems of implementing difficult reforms in a period of crisis and political transition.

108. As of 31 December 2000, 23 of 67 (34.3 percent) projects had less than satisfactory performance ratings. Of these, 20 (including 3 program loans) experienced implementation problems. Among the total, nine projects failed to meet development objectives. Overall postevaluation performance of the Indonesia portfolio is marginally better compared with the broader ADB portfolio.²⁶

109. There are noteworthy variations at the sector level. All six unsuccessful projects are in the agriculture and natural resources sector. Overall, however, the performance of agriculture is still about average for ADB’s developing member countries (DMCs). Social infrastructure projects have performed better: 69 percent were rated generally successful compared with the ADB average of 50.5 percent. All the transport projects were rated generally successful compared with the 82 percent success rate for ADB’s transport sector portfolio. The finance and industry portfolios performed below ADB average, while the energy sector was about average. (The lessons learned from this experience are summarized in para. 115.)

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