Providing the right development aid is not only about the size of the loan or the number of roads or schools built. It is about knowing the loan is improving people’s lives in a sustainable way.
It is about ensuring that the school educates children with skills to support a country’s economic future, or that when a new highway is built, it not only spurs growth and fosters trade but also brings tangible benefits to surrounding communities.
ADB is committed to ensuring that its resources are used to help countries achieve sustainable development and reduce poverty. It does this by focusing on results management in its operations, improving the capacities of its developing member countries, and contributing to the global agenda on aid effectiveness.
Along with other development partners, ADB endorsed the Paris Declaration on Aid Effectiveness in 2005 and its follow-up agreement, the Accra Agenda for Action in 2008. They are both founded on five core principles:
Central to the entire aid effectiveness agenda is managing for development results (MfDR), an approach focused on development outcomes throughout the management cycle. The goal of MfDR is tangible and sustainable development.
MfDR promotes informed decision making by integrating a results focus across the four core management functions:
Regular reporting to stakeholders to increase accountability and promote learning is intrinsic to effective MfDR.