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Medium-Term Strategy
IV. The Strategy and the Planning, Programming, and Budget Process50. The priorities of the MTS will be incorporated into ADB’s operational planning framework. Each year, the President’s planning directions will translate the MTS priorities into more specific areas of focus and broad regionwide targets. Guided by the planning directions, operational departments will, in consultation with the DMCs, prepare CSPs/CSP updates, which contain a three-year operational program. The CSPs will include all activities that will deliver the MTS priorities and targets in the DMCs including activities that are a part of regional cooperation initiatives. Taken together, individual DMC CSPs will constitute ADB’s work program and budget framework. Ensuring consistent objectives, targets, and resources throughout this planning sequence will be crucial, from the MTS through the CSPs to the work program and budget framework. Prior to the formulation of the next MTS, which will be prepared in late 2004 to early 2005 to cover 2006-2010, a review of the current MTS will be undertaken.
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