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ADB's Inspection Policy: A Guidebook : II. Inspection Procedures
Scope of the Policy
The Policy is intended to ensure that the Bank's operational policies and procedures are followed in the formulation, processing and implementation of Bank-financed projects.
For purposes of the Policy, "operational policies and procedures" are defined as the Bank Policies and Operational Procedures set forth in the Bank's Operations Manual (the OM) and, to the extent applicable, corresponding sections in earlier editions of the OM (see para. 17). They also include Staff Instructions that relate to the formulation, processing or implementation of Bank projects (but that have not yet been incorporated in the OM).
For purposes of the Policy, a "Bank-financed project" or "project" is defined as any public sector loan, guarantee or technical assistance grant financed or to be financed in whole or in part from Bank resources, or administered or to be administered by the Bank; private sector loans and investments are excluded from the scope of the Policy.
Both proposed and ongoing projects are within the scope of the Policy. A "proposed" project refers to a project under preparation that has not yet been approved by the Board (or a technical assistance project to be approved by the President within the President's delegated authority); an "ongoing" project refers to a project that has been approved and is not yet substantially completed. A project is considered "substantially completed" when 95 percent or more of the relevant Bank financing has been disbursed and/or canceled or when the closing date for withdrawals or disbursements under the relevant legal documents has passed.
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