Midterm Evaluation of Strategy 2030: Achieving a Prosperous, Inclusive, Resilient, and Sustainable Asia and the Pacific

Evaluation Document | 23 February 2024
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Midterm Evaluation of Strategy 2030: Achieving a Prosperous, Inclusive, Resilient, and Sustainable Asia and the Pacific

Strategy 2030 is the corporate plan of the Asian Development Bank (ADB) that aims to meet the evolving needs of its developing member countries. The strategy focuses on three approaches: flexibility, integrated solutions, and country focus, and introduces seven operational priorities and four institutional reforms. 

This evaluation focuses on the major institutional aspects of the strategy. It assesses the guidance that Strategy 2030 provides and how it has affected ADB. It analyzes the quality, relevance, and consequences of the guidance, using qualitative and quantitative methods. Strategy 2030 takes a broad approach and the evaluation focuses on issues that are likely relevant for the midterm review with its findings intended to inform further implementation of Strategy 2030,

The evaluation addresses three questions. The overarching evaluation question is: Did Strategy 2030 increase ADB’s relevance as a development partner in Asia and the Pacific region? This is supported by two subsidiary questions: To what extent did Strategy 2030 facilitate ADB’s response to the region’s changing development challenges? And What constraints does ADB face in implementing Strategy 2030?

Strategy 2030 achieved some notable successes and innovations, such as: increasing its lending capacity, attracting substantial cofinancing, developing creative partnerships, participating in the International Financing Facility for Education, pioneering a guarantee program for climate change financing, and seeking international certification of its knowledge management system.

Strategy 2030 needs to address the future issues and risks posed by the COVID-19 pandemic, climate change, and uncertainty in the region. It also needs to improve its strategic planning, clarify its priorities, scale up its impact, bolster its country focus, and monitor its reforms. The evaluation provides five recommendations to support these objectives.