ADB's Medium-Term Strategic Framework (MTSF) identified policy support, capacity building, investment financing, and regional cooperation as key medium-term operating objectives of the Bank. The Bank's ability to promote and encourage policy reform is a key distinctive feature and comparative strength vis-à-vis commercial sources of funds, and program lending is an important operational instrument of the Bank for promoting policy reform. These developments call for a thorough assessment of the performance and effectiveness of program lending in the past, and of its continued relevance for the Bank's DMCs in the present environment.
- Overview of program lending since inception
- Performance assessment
- Sector development programs
- Design and procedures
- Conclusion and recommendations