Inclusion, Resilience, Change: ADB’s Strategy 2020 at Mid-Term
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The midterm review of Strategy 2020 provides the Asian Development Bank (ADB) a precious opportunity to draw on its vast experience over the first 5 years of the strategy's implementation. This evaluation report views the three strategic agendas of inclusive growth, environmental sustainability, and regional integration set out in 2008 as being highly relevant for the second half of Strategy 2020. The thrust of this evaluation is to press on actions and results on the ground - with determination and a reinvigorated sense of urgency - that will make the pursuit of the threefold agenda much more effective going forward.
ADB's Board of Directors requested Independent Evaluation to prepare a report on the implementation performance and continued relevance of Strategy 2020 at its midterm (2014). This report was done in parallel with the Asian Development Bank's (ADB) own midterm review (MTR) of Strategy 2020.
Independent Evaluation concluded that the challenges of social inclusion, environmental care and regional integration in the Asia Pacific Region - Strategy 2020's threefold strategic agenda - are even more urgent today than they were in 2008, when the strategy was initiated. Although the Region has made striking progress in reducing income poverty over recent decades, income disparities have widened and environmental degradation has worsened markedly in many respects. Meanwhile, as regional consultations have confirmed, expectations of countries regarding ADB support for their development have never been higher.
The report finds that, as a premier regional public institution, ADB can and must rise to the challenge of meeting these expectations. ADB should press on actions and results on the ground - with determination and a reinvigorated sense of urgency - that will make the pursuit of the threefold agenda much more effective going forward. The report suggests actions to raise the impact further in seven vital areas: Inclusion, Resilience, Integration, Governance, Synergies, Outcomes, and Teamwork.
The key message is for ADB to go beyond a statement of goals to making them an operational reality.The recommendations so derived are about ways and means for addressing a triple bottom line of fostering simultaneously economic growth, social inclusion and environmental sustainability.
Valuable consultations with governments, development partners, communities of practice, and external peer reviewers, coupled with evaluative lessons provide the basis for this report.