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Guidelines for the Financial Governance and Management of Investment Projects Financed by ADB

Institutional Document | December 2002

The Guidelines set out ADB’s requirements and procedures for the financial management of ADB-financed projects, such as financial reporting and auditing requirements. They also provide guidance on how to apply these requirements.

The Guidelines describe ADB's policies, procedures, and approach governing the financial management of investment projects it finances. They contain modern business processes, and financial management and financial analysis practices that are in harmony with the practices of other multilateral development banks.

The Guidelines provide ADB management, staff, and borrowers with an understandable, comprehensive, and transparent directory of standards of financial analysis and financial management for the implementation and operation of projects.

The Guidelines aim to enhance the quality of ADB's portfolio by

  • establishing the norms for financial analysis and financial management of revenue-earning and nonrevenue-earning projects for use during the project cycle;
  • defining the financial management requirements for projects and project entities of borrowers, executing agencies, and other organizations responsible for efficient use of funds provided by ADB;
  • explaining to borrowers the project and institutional financial performance requirements of ADB to achieve successful implementation and the sustainability of ongoing operations;
  • providing financial knowledge management for the guidance and training of ADB staff and borrowers; and
  • providing ready access to ADB's project financial management requirements to all interested parties.


  • Foreword
  • Introduction to the Guidelines
  • User Instructions
  • Preparing and Appraising Investment Projects
  • Financial Management of Executing Agencies
  • Reporting and Auditing
  • Financial Institutions (FIs)
  • Knowledge Management
  • Index