This report assesses ADB’s direct equity investment in the Bank of China. This support was in response to the government’s plan to liberalize the finance sector and to support banking sector reforms in the People’s Republic of China. ADB’s direct participation would also provide an opportunity for Bank of China to undertake transparent privatization process, introduce sound corporate governance and best practices, and strengthen internal controls.

Validates the completion report’s assessment of the program which aims to develop an effective legal, regulatory, and institutional frameworks for savings and credit unions, establish a financially sustainable networks of unions, and improve financial intermediation of commercial banks and provision of credit access in Uzbekistan. IED overall assessment: Less than successful

Validates the completion report’s assessment of the project which aims to support economic growth, reduce poverty through job creation and promotion of labor-intensive exports in Indonesia. IED overall assessment: Unsuccessful

Validates the extended annual review report’s assessment of the project which aims to support the investment plan of China Gas Holdings to fund a series of new natural gas distribution infrastructure projects in municipalities across the People’s Republic of China. The Independent Evaluation Department downgrades the project’s overall assessment rating to successful.