Asian Development Bank

Review of ADB's Poverty Reduction Strategy
Updated: 10 February 2005

ADB completed a review of its Poverty Reduction Strategy (PRS) and was approved by the Board in July 2004. The Review of ADB's Poverty Reduction Strategy highlights several measures to enhance the PRS and its implementation:

• improving quality of country strategies and programs (CSPs) and enhancing their results orientation
• intensifying dialogue with developing member countries on attaining the Millennium Development Goals
• establishing a more results-oriented monitoring and evaluation system for effective management of the PRS
• strengthening ADB's capacity to deliver the PRS

The review has confirmed that the basic PRS framework consisting of the three pillars (pro-poor sustainable economic growth, inclusive social development, and good governance) will continue to serve as the basis for meeting the goal of poverty reduction.

Capacity development has been added as a new thematic priority, adding to the existing four thematic priorities:

• private sector development
• gender and development
• environmental sustainability
• regional cooperation