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Asian Development Bank-World Bank Regional Consultation With Middle Income Countries

In the context of ADB's work to engage more effectively and efficiently with Middle Income Countries (MICs)¹ , ADB and the World Bank are co-hosting a consultation meeting with senior officials from various Asian MICs.

The objectives of the consultation meeting would be to:

• assess whether the current set of reforms under adoption and implementation by MDBs are sufficient to meet MIC development needs;
• assess the constraints both at the country and MDB levels in implementing the above-mentioned reforms;
• demonstrate to MICs that the relevant MDBs are working in partnership to address their development concerns, including harmonizing their policies and procedures and providing coherent support; and
• underline the fact that stronger partnership among MDBs is the way to scale up the impact of MDBs' support to MICs.

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Agree on an action plan (i.e. specific areas/topics where MDBs should concentrate their efforts) with preliminary timetable.

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View the list of participants. [PDF]

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¹In the context of this discussion, and in the case of ADB and the World Bank, MICs are defined as countries eligible for Ordinary Capital Resources lending and IBRD lending, respectively.