Closing Remarks at the Second ADF XI Replenishment Meeting

Speech | 6 December 2011

Closing Remarks by Mr. Haruhiko Kuroda, President, Asian Development Bank at The Second ADF XI Replenishment Meeting, 6 December, 2011, Pan Pacific Sonargaon Hotel, Dhaka, Bangladesh

Your Excellency Dr. Rahman, Madame Chair, Ladies and Gentlemen,

We have had a very fruitful second ADF XI Replenishment Meeting. The rich discussions over the past two days reflect our strong commitment to fighting poverty in our region, and a true spirit of partnership. We have listened carefully to all of your points. Your valuable comments and suggestions will guide our progress during the ADF XI replenishment and beyond.

Let me now make a few observations about our discussions.

We started the discussion with the IED study. This session, and subsequent sessions, showed that ADF has been effectively utilized to support poverty reduction in recipient countries. At the same time, analyses and discussions identified a number of areas where further efforts for improvement are needed. I particularly noted your views on the need for further strengthening project outcomes, approaches for inclusive growth and gender equality, and support for good governance.

As I said yesterday, strengthening development effectiveness of our operations, and reforming our institution for that purpose are top priorities for me and my senior management team. As we discussed, we will share with you a paper that pulls together all the current and planned efforts.

I also noted your request for more clarity around the process leading to the review of the ADF results framework, and areas for strengthened measurement before we conclude the ADF XI replenishment discussions. As indicted by Madame Chair in her summary, we will provide you with a road map for the review process and key areas for improvement.

On the question of replenishment size and financing, I noted a consensus view around the huge poverty reduction challenges for ADF countries and continuous need for strong ADF support for these countries. It is a challenge for all of us to realize an ADF XI replenishment that corresponds to such needs in ADF countries.

Several donors indicated serious challenges they are facing at home, while some others expressed a willingness to overcome difficulties to contribute more generously. We also discussed the desirability of stronger support from emerging donors from the region. We will continue making efforts in this regard.

As Madame Chair indicated in her summary, in the coming weeks, we will consult all of you in the process of developing a proposal that would reflect the needs of ADF countries and capacity of each donor to contribute at this time.

Taking this opportunity, let me thank again

  • the Government of Bangladesh for its excellent hosting of this meeting and warm hospitality;
  • the Honorable Finance Minster for sharing with us Bangladesh's experience in poverty reduction and use of ADF;
  • the Honorable Adviser to the Prime Minister for Economic Affairs for his closing remarks;
  • Madame Chair for very effective and efficient steering of the discussions;
  • each and every one of our donors for your strong support of ADB and the Asian Development Fund; and finally
  • all of you for sharing your views.

I look forward to seeing you in our next meeting in Manila in March 2012, and I wish all of you a safe and pleasant trip back home. My best wishes for the upcoming holiday season and the New Year.

Thank you.