Publications

	Table of Contents
p. 18 of 27 BACK | NEXT Executive Summary I. Introduction II. The Performance-Based Allocation Policy III. Lessons, Issues, and Directions IV. Enhancements to the Policy A. Principles to Guide Revisions B. Country Performance Criteria C. Country Ratings D. Proposed Allocation Formula E. Extra-Formula Allocations F. Disclosure G. Monitoring the Policy H. Summary V. Implementation VI. Recommendation Appendixes

Review of the Asian Development Bank's Policy on the Performance-Based Allocation of Asian Development Fund Resources : IV. Enhancements to the Policy

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F. Disclosure

87. Greater disclosure of information about the PBA would promote improved public accountability for the use of shareholders funds, deepen client involvement in the PBA process and, through greater public scrutiny, help improve the quality of assessments. From the perspective of clients, greater disclosure should help focus and improve the quality of dialogue, strategies and operational assistance. At a broader level, ratings disclosure would serve the public interest in monitoring country results and progress toward internationally agreed development policy objectives. CPAs would also provide an important new resource to the policy research community.

88. It is proposed that full public disclosure of numerical performance ratings starts with the 2005 CPA exercise. An annual report on the CPA would also be produced. The misinterpretation or the misuse of CPA information should be monitored. A vehicle for clients to comment publicly on ratings will be provided. Consistent with the forthcoming Public Communication Policy, internal documents, including CPA narratives, and aide memoires would remain confidential.

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