Board of Directors' Report (1998 Annual Report)

Date: April 1999
Type: Board Documents
Subject:
ADB administration and governance
Series: Board of Directors' Report

Description

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.