Tools and Innovations
Effective Poverty Reduction Requires Special Tools
 After adopting poverty reduction as its overarching goal in 1999 and further specifying its poverty reduction framework, ADB introduced various tools and innovations to more effectively reflect its contribution to pro-poor growth, inclusive social development, and the Millennium Development Goals (MDGs).
- Special poverty funds promote new approaches for further upscaling and mainstreaming in ADB operations.
- Capacity building initiatives support partner countries in formulating strategies to address poverty.
- Poverty impact assessments help in estimating contributions of operations at the country, sector and project level in achieving the overarching goal.
- A project classification system monitors ADB's contributions to sector outcomes, strategic development goals and poverty impact.
- Handbooks on poverty reduction and social development guide staff in preparing projects, sector roadmaps and country strategies.
- A poverty database and assessments on MDG progress (in partnership with ESCAP and UNDP) help oversee development results in the region.
- Annual poverty reduction reports monitor ADB's progress towards effective poverty reduction contributions in Asia and the Pacific.
The EPRS also supports retooling for poverty reduction including organizational realignment, the introduction of a relevant classification system, staff training and personnel development.
| Did you know? Ex-ante poverty and social impact assessment can be used to assist policy makers in formulating strategies using available fiscal resources to buffer the social and economic implications of the crisis, and finding the right balance between acute shock absorption and building up social and economic resilience in the medium term. A paper , prepared for the Hanoi conference on the social impact of the economic crisis, discusses this in detail. |
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