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p. 4 of 18 BACK | NEXT Executive Summary I. Introduction II. Long-Term Vision and Strategy for ADF III. Operational Priorites A. Areas of Emphasis B. Effectiveness of ADF IV. Use of ADF VII Resources to Date V. Financial Management VI. Conclusions

Asian Development Fund VII: Progress Report (1999)

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III. OPERATIONAL PRIORITIES

13. ADF VI and the General Capital Increase (GCI) IV resulted in a fundamental reorientation of the Bank's strategic objectives and operational priorities, with the Bank placing greater emphasis on targeted investments in the social sectors and in poverty reduction, in parallel with efforts to stimulate broad-based economic growth that enhanced the role of the private sector. In their report, the ADF VII donors endorsed the continued validity of these operational priorities and recommended that ADF VII should build on the policy agenda and institutional strengths built up during ADF VI and GCI IV, and provide a bridge to a longer term strategic time horizon for ADF.

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