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A Review of the Asian Development Fund I–V Operations
Completed: 2001

The study seeks to answer questions relating to the reasons for establishing the Asian Development Fund; the objectives, policies, and strategies governing its use; its allocation; the performance and development impacts of the projects it funded; as well as lessons and insights for current and future ADB direction and operations.

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Contents

Executive Summary

  1. Introduction
    1. Background and Rationale
    2. Objectives and Scope
    3. Methodology

  2. The Fund
    1. The Special Funds
    2. The Asian Development Fund

  3. Resource Mobilization
    1. Country Contributions
    2. Cofinancing

  4. ADF Lending Objectives, Policies, and Strategies
    1. Eligibility Criteria
    2. Access Priority
    3. General Strategic Thrusts
    4. Operational Strategies

  5. Allocation of ADF Resources
    1. Cumulative Allocation Pattern
    2. Trends in Allocation Pattern
    3. ADF Contribution to Aggregate and Individual DMC's Net Resource Flows
    4. Disbursement Ratio

  6. Project Performance
    1. Cumulative Performance Ratings
    2. Trends in Project Performance Ratings
    3. Factors Affecting Project Performance

  7. Impacts
    1. General Considerations
    2. The Major South Asian Borrowers
    3. The Major Southeast Asian Borrowers
    4. The Pacific DMCs
    5. Other Impacts

  8. Overall Assessment and Conclusions
    1. Overall Assessment
    2. Conclusions

    Appendixes

    1. Comparative Distribution Pattern of All ADF I-V Projects and Projects with PPAR
    2. Selected Development Indicators of ADF I-V DMCs
    3. Country Contributions to ADF I-V
    4. DMCs' Share of Cofinancing (1969-1991)
    5. History of Eligibility Classification of DMCs
    6. Allocation of ADF I-V Resources (Net Loan Amount)
    7. Cumulative ADF Net Loan Amount Per Capita
    8. Aggregate Net Resource Flows from All Sources to Borrower DMCs
    9. ADF Loan Approvals, Disbursements, and Disbursement Ratio
    10. Performance Ratings of Postevaluated ADF I-V Projects (Number of Projects)
    11. Performance Ratings of Postevaluated ADF I-V Projects (Mean Rating)
    12. Factors Affecting Project Performance
    13. Distribution of Projects, Project Costs, and Loan Amounts Under ADF I-V
    14. Impact of ADF I-V Projects on Selected Borrower DMCs