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ADF VIII Donor's Report: Fighting Poverty in Asia
XII. Midterm Review of ADF VIII130. Donors agreed that they should meet for a midterm review in ADF VIII to be held immediately preceding ADB’s 2003 Annual Meeting. In that context, Donors requested ADB to provide them with reports on ADF at least one month before the 2003 Annual meeting. These reports should include: (i) report on implementation of ADB’s poverty reduction strategy in ADF borrowers; (ii) a review of the initial testing and application of a performance-based allocation system for ADF resources in 2001 and 2002; (iii) a progress report on implementation of ADB’s Governance Action Plan in ADF borrowers; (iv) a report on progress on policy reviews requested by Donors in the ADF VIII Donors’ Report, and on the planned framework and action plan on core labor standards (CLS); (v) a policy paper on ADB’s role in combating money laundering. This should be submitted to the Board of Directors for approval; (vi) a report on progress on strengthening ADB’s evaluation systems. This should report on the link between evaluation and country-based strategic planning for portfolio management and new operations in ADF borrowers, as well as collaboration with other MDBs on harmonizing evaluation systems; (vii) a study on the impacts and results of ADF operations. This should include explanations of project success and project failure, focusing on operations financed in earlier replenishments; (viii) a progress report on steps taken to strengthen operational business processes, project quality and portfolio management; (ix) a report on the mobilization, allocation and uses of ADF VIII resources in 2001 and 2002, as well as a review of financing TA; (x) a status report on the participation of ADF borrowers in the HIPC Initiative; and (xi) a report on the status of implementing other recommendations, for example, progress on initiatives to improve internal governance in ADB, contained in the ADF VIII Donors’ Report. This report should, if needed, formulate recommendations for strengthening timely implementation of the recommendations in the ADF VIII Donors Report. Where considered appropriate, this report should provide explanations for any revisions to the original timetable in the Donors’ Report.(para. 130)
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