The Interim Review of ADB's Water Policy Implementation highlighted the need to revise the policy provision for large water resources projects that involve dams. The then prevailing provision called for all stakeholders to agree on the justification for such projects. The review noted that while ADB should continue such projects cautiously, expecting everyone involved to agree is impractical.
Water agencies, NGOs, and other interested stakeholders were invited to send their comments on a proposed revision. The comments received were reviewed, and a revised proposal was submitted for approval to ADB's Management and Board of Directors.
The revision was approved by ADB's Board of Directors on 28 January 2005.