Chair’s Summary - Enhanced Faster Approach to Small Nonsovereign Transactions

This document summarizes the discussion of the meeting of the ADB Board of Directors held on 26 May 2022 discussing the Enhanced Faster Approach to Small Nonsovereign Transactions.

The Board of Directors of the Asian Development Bank (ADB) approved the recommendation of the policy paper on the Enhanced Faster Approach to Small Nonsovereign Transactions (Enhanced FAST) framework. Enhanced FAST is the successor of the Faster Approach to Small Nonsovereign Transactions (FAST), a pilot framework approved by the Board in March 2015.