Catalog

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p. 13 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

Performance-Based Allocation Policy

ADB’s Performance-Based Allocation Policy governs the allocation of resources under the ADF, which provides loans and grants to poorer countries on highly concessional terms. The policy and its implementation was a central theme of ADF IX negotiations. ADB began implementation of its revised Performance-Based Allocation Policy after Board approval in December 2004.

In 2005, ADB took a number of steps to strengthen implementation and increase transparency of the policy, and to further harmonize performance-based operations with those of development partners.

A focal point was established in ADB’s Strategy and Policy Department. The First Multilateral Development Banks’ Technical Meeting on Performance-Based Allocation, jointly planned by the African Development Bank, ADB, and the International Development Association of the World Bank Group, was hosted in Manila in January 2005.

In April, ADB organized regional technical workshops in Suva, Fiji Islands, and in Bangkok, Thailand, to explain the objectives of the new policy to officials from DMCs and civil society organizations.

In line with the revised policy, the World Bank’s Country Policy and Institutional Assessment questionnaire was adopted to conduct the 2005 country performance assessments, and the two organizations coordinated to ensure consistency in the conduct of assessments exercises.

The first country performance assessments under the revised policy were carried out in 2005 to determine ADF allocations for 2007–2008. The assessments covered five areas: macroeconomic management, structural policies, social inclusion/equity, governance, and portfolio management.

Recently, ADB reached an important milestone in implementing the revised Performance-Based Allocation Policy, with numerical ratings being released for the first time in the public domain.

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