The Program will provide short-term fiscal stimulus to mitigate the economic and social impact of the crisis. The Program will help meet critical public expenditures such as social allowances, employment programs, and food and utilities expenses of social institutions.
The Program is fully in line with the Government's economic stabilization and expenditure management programs. Under the latter, the Government has prioritized specific social and safety net expenditures for the revised 2009 budget. Program proceeds will help meet some of the prioritized public expenditures.
The Program has four special features:
"First, it is anchored fully on the IMF's Poverty Reduction and Growth Facility (PRGF), which sets out the key macroeconomic parameters and identifies priority reform measures.
Latest Project Documents
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.