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p. 5 of 39 BACK | NEXT The Record Chairman’s Message Board of Directors' Report New and Revised Policies and Procedures Reforming to Remain Relevant Managing for Development Results Results in Country Strategies and Programs Project Performance Management Systems Global Agenda Innovation and Efficiency Initiative New Instruments and Modalities Other Policies and Strategies Performance-Based Allocation Policy Internal Initiatives Governing Structure Financing Operations 2005 in Figures Management Board of Directors Operations in 2005 East and Central Asia Mekong The Pacific South Asia Southeast Asia

New and Revised Policies and Procedures

Reforming to Remain Relevant

The year 2005 was very much a year of transition for ADB: a new president in February, the final year of the current medium-term strategy, and many changes implemented through its Reform Agenda.

To remain responsive and relevant in the complex and fast-changing environment and to help ensure that economic growth lifts as many lives as possible, ADB has been reforming its processes, policies, and programs. Many changes are being put in place under the plan known as the Reform Agenda, adopted in 2004, which is making ADB more effective in delivering country-level development outcomes and its goal of poverty reduction.

The agenda consists of 19 ADB-wide reform initiatives to deliver five broad outcomes related to internal changes and realignment: improving operational policies, strategies, and approaches; mainstreaming Managing for Development Results; refining organizational process and structure; reinforcing knowledge management; and improving human resources management and staff incentives.

Major milestones were reached on many of the Reform Agenda’s 19 initiatives in 2005, including adoption of three change proposals under the Innovation and Efficiency Initiative on new financing instruments and modalities, local currency loan product, and cost sharing and expenditure eligibility; adoption of a revised design and monitoring framework for the project performance management systems; establishment of an independent Risk Management Unit and the Office of Regional Economic Integration; adoption of a new Public Communications Policy; and adoption of a new performance management system under the human resources strategy.

Running like a thread through the organization, ADB is deepening its application of results-based systems for planning, monitoring, reporting, and evaluating its actions to better manage for development results.

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