Faster Approach to Small Nonsovereign Transactions: Review of Implementation and Proposed Increase of Aggregate Approval Limit and Extension of Pilot Period
ADB is pilot-testing a streamlined approval process for small nonsovereign transactions to improve operational efficiency.
The Faster Approach to Small Nonsovereign Transactions (FAST) is a 5-year pilot framework to improve operational efficiency and scale up ADB’s assistance to small private sector transactions. This paper reviews the implementation of FAST and proposes an increase of the aggregate framework limit by $100 million to a total of $400 million, amendment of the utilization metric from approvals to commitments, and extension of the pilot period to 31 December 2020.
- Review of Implementation
- Increase of Aggregate Framework Limit, Amendment of Utilization Metric, and Extension of Pilot Period