The Micofinance Development Program will support the development of a market-oriented microfinance to increase access to formal financial services for the poor, especially in rural areas. It will focus on regulatory reforms, supervisory capacity building, institutional development, and financial infrastructure development. Planned regulatory reforms will be anchored by the integration of microfinance into the formal financial market, encouraging investment in microfinance, establishing standard sets of prudential and performance requirements and with fiscal and regulatory incentives. Strenthening operational and supervisory capacities will ensure sustainability and expand outreach of microfinance. State-owned financial institutions engaged in lending to the poor and microenterprises funded by the government budget will be reformed to become sustainable community-based financial institutions operating within market principles.
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Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.