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Canada and ADB Set up Cooperation Fund for Managing for Development Results

MANILA, PHILIPPINES (26 April 2004) - The Government of Canada and the Asian Development Bank (ADB) have agreed to create a cooperation fund in support of managing for development results, through an initial contribution from Canada of C$1 million (about US$750,000).

Open to all of ADB's developing member countries, the fund will help ADB promote results-based management techniques in support of poverty reduction.

It will strengthen the countries as they prepare and carry out results-oriented national development plans, increasing the results orientation of national development plans.

The fund will build capacity on standards and norms of results management, including arranging participation of developing country officials at international seminars and workshops on development results.

It will also increase the results orientation of public sector management efforts and reform programs by applying results-based approaches to planning, budgeting, and implementation.

"In setting up the fund, Canada and ADB recognize that monitoring and managing for development results is a vital undertaking that requires grant support from donor countries as well as sharing of expertise to ensure success," says Philip Erquiaga, Principal Director of ADB's Office of Cofinancing Operations.

The fund covers the following activities:

• Preparing diagnostic assessments of results-based management strategies and systems (i.e., sector road-maps, capacity building) at the central and local levels
• Preparing results-orientated action plans and capacity building plans
• Promoting increased civil society involvement in the design, monitoring and evaluation of results-orientated national and sector strategies
• Conducting training activities for government officials
• Piloting new schemes aimed at better measuring, monitoring and managing for results at the country level
• Aligning cooperation programs with country results
• Harmonizing results reporting and the improvement of statistical systems.

Since adopting poverty reduction as its overarching objective in 1999, ADB has introduced a comprehensive system to measure, monitor, report, and manage development results, in line with approaches adopted by other agencies.

It is also committed to helping its developing member countries achieve the Millennium Development Goals as well as the process through which targets and achievements can be measured, monitored, and managed.

ADB is dedicated to reducing poverty in the Asia and Pacific region through pro-poor sustainable economic growth, social development, and good governance. Established in 1966, it is owned by 63 members - 45 from the region. In 2003, it approved loans and technical assistance amounting to US$6.1 billion and US$177 million, respectively.

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