Direction and Action Plan , 2013-2015

Supporting Finance++ at ADB

The Asian Development Bank has made "knowledge solutions" an integral part of its long-term mission. From its Long-Term Strategic Framework, 2000-2015, which marked ADB's initial commitment to become a learning organization, to the Knowledge Management Action Plan, 2009-2011, which ended its implementation to considerable success, the bank has striven to use its plethora of knowledge tools, techniques, and approaches to drive change and development in the region. (Read brief history of knowledge management in ADB).

For 2013-2015, ADB intends to raise the bar by offering "finance++" - superior combinations of attractive financing, strategic partnerships, and high-quality knowledge to maximize and accelerate development effectiveness. The Knowledge Management Directions and Action Plan, 2013-2015: Supporting "Finance++" at the Asian Development Bank, approved in March 2013, commits ADB to 4 goals:

Goal 1: Prioritize and implement knowledge solutions

ADB's knowledge solutions must embed 4 key attributes:

  • be a clear response to priority development challenges facing developing member countries
  • assist DMCs to identify and understand the nature of their current and future challenges
  • assist DMCs to identify and apply more advanced and feasible approaches to address the challenges
  • contribute toward the development of DMC capacity for knowledge solutions

To prioritize and implement knowledge solutions, ADB will:

Provide corporate-wide strategic guidance for planning knowledge solutions
Strengthen the contribution of ADB’s knowledge solutions for greater and accelerated development effectiveness
Establish ADB's operations cycle in DMCs as the principal context and basis for planning and implementing ADB's knowledge solutions

Goal 2: Enrich the quality of ADB and DMC knowledge capabilities for development effectiveness

The knowledge capabilities of ADB staff, and the knowledge solutions they help spur, must be at the forefront of economic, social, technological, and policy innovation, processes, and practices that make development work in DMCs.

To make this happen, ADB will:

Strengthen the roles and contributions of ADB's sector and thematic communities of practice
Develop knowledge solutions through partnerships with centers of excellence and knowledge hubs
Expand ADB operations for innovation and pilot-testing
Provide ADB-wide knowledge sharing and support services
Define, measure, and report the performance of ADB's knowledge solutions

Goal 3: Advance ADB's knowledge assets, information systems, and communications

New technology is enabling unprecedented opportunities for cost-effective connectivity and collaboration to generate, capture, share, and apply knowledge for development.

To tap and optimize the potential of this technology, ADB will:

Foster a vibrant "virtual" international community of development practitioners;
Invest in up-to-date and integrated databases on economic and social development in DMCs, and on ADB operations;
Modernize and make more strategic ADB’s practices for communicating its
knowledge solutions; and
 
 
Design and apply new ICT architecture to support knowledge solutions where ADB staff are both a contributor to and user of the content and services.

Goal 4: Empower and resource high-quality knowledge solutions

The previous goals will help build an environment where ADB can use its improved capabilities in managing knowledge, alone or in partnerships, to foster development in DMCs.

To complete and nurture this environment, ADB will:

Create a more demanding and favorable organizational environment for knowledge solutions at ADB; and
Improve resource utilization and strengthen financial support for knowledge solutions.