Board of Directors' Report (1998 Annual Report)
This report provides an overview of ADB Board of Directors' activities for 1998 and is produced as part of the ADB Annual Report 1998.
During 1998, the Board of Directors continued to support initiatives that built upon the Bank's assistance rendered in 1997 to crisis-affected economies - Indonesia, Philippines, and Thailand, in particular. The focus of this assistance was to alleviate the plight of the people affected by the Asian financial crisis through the provision of social safety net facilities and to restore economic confidence by providing financial assistance aimed at strengthening financial markets and promoting market stability.
The Board also successfully concluded several significant policy and operational initiatives that are now being implemented.