Governance: Sound Development Management

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Policies and Strategies

WP1-95
Publication Date: August 1995
In stock

ADB recognizes the importance of governance, and the way it affects economic growth and development. Hence, ADB became the first multilateral development bank to adopt a special policy on governance.

ADB’s governance policy

defines governance in terms of ADB’s operations and activities
identifies four elements that define the focus of ADB’s governance initiatives:
- accountability
- participation
- predictability
- transparency
explains the factors that intensified ADB’s concern with governance issues
discusses the general considerations affecting ADB’s approach to governance
relates the elements of good governance to ADB operations
indicates specific ways for ADB to address governance issues and promote the elements of good governance in the DMCs

ADB has recently reviewed its implementation of the Governance Policy.

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