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Medium-Term Strategy II 2006–2008

Medium-Term Strategy II (MTS II) is the second in a series of medium-term strategies designed to flesh out the approach of the Long-Term Strategic Framework: 2001-2015 for shorter time periods, adjusting operational priorities in response to evolving conditions in each period. To address ADB’s overarching goal of poverty reduction in a dynamic and rapidly changing region, the strategy has identified the following five priorities:

• Catalyzing investment, as a prerequisite for sustaining high growth, employment creation and rising productivity.
• Strengthening inclusiveness and the poverty reducing impact of growth through rural infrastructure development and social development.
• Promoting regional cooperation and integration as a means of reinforcing national level poverty reduction strategies at the regional level.
• Managing the environment to ensure that the pattern of economic growth is also environmentally sustainable.
• Improving governance and preventing corruption, which is key to improving the development effectiveness and poverty reducing impact of ADB operations.

The strategy also introduces certain adjustments in ADB’s business model, including a more selective sector focus. Core sectors identified for future operations include road transport, energy, urban infrastructure, rural infrastructure, education, and the financial sector. The role of ADB in leveraging additional development investment through financing partnerships and cofinancing is emphasized as well as the strengthening of project implementation to achieve development results.

The strategic priorities and business model adjustments of MTS II will further strengthen the poverty reduction impact of ADB’s operations and enable ADB to be more relevant, responsive and effective in the changing context of the region.

The implementation of MTS will be country focused and it will be operationalized through individual country strategy and program documents that will be consolidated in ADB’s Work Program and Budget Framework. Read the Chair's summary of the Board discussion. [ PDF ]

RELATED DOCUMENTS

Medium-Term Strategy (2001-2005) Long-Term Strategic Framework (2001-2015) Reorganization of the Asian Development Bank

TRANSLATED DOCUMENT

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Contents

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1. Introduction
2. Background and Context
1. Major Development Trends and Challenges in the Region
2. The Corporate Planning Context
3. The Strategy
1. The Approach
2. Catalyzing Investment
3. Strengthening Inclusiveness
4. Promoting Regional Cooperation and Integration
5. Managing the Environment
6. Improving Governance and Preventing Corruption
7. Assisting Weakly Performing Countries
4. The Operational Model
1. Strengths and Limitations
2. Selectivity and Core Operational Sectors
3. Realigning the Organization
4. Use of Technical Assistance Resources
5. Use of Financing Partnerships and Cofinancing
6. Product and Process Innovations to Enhance Responsiveness, Flexibility and Efficiency
7. Portfolio Performance, Development Effectiveness, and Results
5. Conclusion

Appendix: List of Medium-Term Strategy II Related Policy and Strategy Papers Recently Completed or Under Preparation