124. Donors supported the ambitious medium-term agenda and the Action Plan for ADB’s
governance activities (Appendix 6), and viewed favorably ADB’s emphasis on poverty reduction
as the overarching objective of governance reforms. Donors requested ADB to submit the
Action Plan for approval by the Board of Directors before the effectivity of ADF VIII and to report
on progress on implementation of the Action Plan at the time of the ADF VIII Mid-Term Review.