Catalog

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p. 10 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

Innovation and Efficiency Initiative

ADB provides both finance and expertise to its clients. Finance includes debt, equity, and guarantees. Expertise covers sector and thematic areas and is channeled mainly via technical assistance grants. Besides its proximity to the market and sector/thematic knowledge, ADB also maintains a close working relationship with countries in the region.

To package these assets for greater development effectiveness, ADB is streamlining some of its business processes and developing new financing instruments and modalities. The Innovation and Efficiency Initiative has been established for this purpose. It aims to make ADB more client- and results-oriented, and efficient. The initiative covers seven change areas: new financial instruments, including local currency; better country strategies; simplified business processes; improved procurement policies; simplified consulting services; enhanced cost-sharing and expenditure eligibility criteria; and improved safeguard policies.

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