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	Table of Contents
p. 15 of 53 BACK | NEXT Executive Summary Summary of Conclusions and Recommendations by ADF Donors ADF VIII: Requests for Midterm Policy Reviews and Reports I. Introduction II. The International Development Goals III. Poverty in Developing Asia IV. ADB and ADF: Vision and Role V. ADB’S Framework for Poverty Reduction A. Pro-Poor Sustainable Economic Growth B. Social Development C. Good Governance VI. Development through Partnership VII. ADF Resources: Portfolio Management and Performance VIII. The Strategy for Implementing ADF VIII IX. Planned Lending in ADF VIII X. Financing Framework for ADF VIII XI. Issues for Policy Review XII. Midterm Review of ADF VIII

ADF VIII Donor's Report: Fighting Poverty in Asia : V. ADB’S Framework for Poverty Reduction

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A. Pro-Poor Sustainable Economic Growth

24. Donors reaffirmed that growth needs to be pro-poor. Pro-poor growth creates jobs, and is accompanied by policies and programs that reduce inequalities and facilitate income generation for the poor. Policies include, in particular,

1. the removal of market-distorting interventions such as overvalued exchange rates, import or export restrictions, credit subsidies, and excessive reliance on state-owned enterprises;

2. development of a conducive environment for the private sector;

3. programs (e.g., microfinance) aimed at increasing income generating opportunities for women and other groups that may be outside the formal labor force;

4. infrastructure development, which can make a considerable contribution to growth through job creation and improvement of access to economic activities and basic social services; and

5. promotion of opportunities for self-employment by the poor.

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