Promoting Good Governance: ADB's Medium-Term Agenda and Action Plan
This paper reviews the evolution of ADB’s policy on governance, analyzes ADB’s experience with governance activities, and proposes a medium-term agenda and action plan.
The Asian Development Bank (ADB) has learned through decades of experience that sustainable development depends on the quality of decisions made toward development and reform, and, equally, on the manner in which these decisions are taken and carried out. In October 1995, ADB members reached a consensus to apply this fundamental lesson in a more systematic way in ADB’s overall operations. Thus, ADB became the first multilateral development bank to have a board-approved policy on governance.
The governance policy became the basic building block for a cluster of good governance policies, which now includes policies on procurement, law and policy reform, participation of civil society, and anticorruption. Good governance has since also been established as one of the three pillars of ADB’s Poverty Reduction Strategy. This paper reviews the evolution of ADB’s policy on governance, analyzes ADB’s experience with governance activities, and proposes a medium-term agenda and action plan.
- Executive Summary
- ADB's Governance Policy
- Implementation of ADB's Governance Policy
- Lessons Learned
- Medium-term Governance Agenda and Action Plan 2000-2004
- Conclusions and Recommendations