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Annual Report on the Japan Special Fund for 1999

The Japan Special Fund (JSF), established in March 1988, has proved to be an effective instrument in supporting the efforts of the Asian Development Bank (ADB) to promote the social and economic progress of the Asian and Pacific Region. The JSF’s main role is to contribute to the financing of the ADB’s technical assistance (TA) program in its developing member countries (Appendix 1). This role became even more important during 1999 when ADB refocused its goals on poverty reduction. While the region is now beginning to recover from the recent currency crisis, the weakened social infrastructure has increased the need for additional TA to empower the governments of the region to plan, control, and sustain development projects and programs. The JSF has supported ADB’s efforts in this regard.

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Contents

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Abbreviations

A. Background

B. Overview of Operations in 1999

C. Evaluation of JSF-Financed Technical Assistance Projects

D. Contributions from the Government of Japan

E. Balance of Contributions Available for New Commitments

F. Operational Highlights

F. Asian Currency Crisis Support Facility

Financial Statements

Appendixes

• Appendix 1: Members of the Asian Development Bank
• Appendix 2: JSF Grants in 1999 and Implementation Status Report
• Appendix 3: Implementation Progress Report on JSF Grants, 1988-1999
• Appendix 4: Use of the Japan Special Fund for 1988-1999
• Appendix 5: Sectoral Distribution of JSF Grants for 1999 and 1988-1999