On 16 February 2016, ADB's Board of Directors endorsed a new country partnership strategy (CPS) with the People’s Republic of China (PRC) for 2016-2020. The CPS envisages broadening and deepening various aspects of the ADB-PRC partnership, including the lender-borrower relationship for the public and private sectors, knowledge partnership, collaboration in promoting regional and South-South cooperation, and the PRC’s role as a financial contributor to ADB operations.
Knowledge for sustainable development
The PRC needs knowledge-based solutions as it seeks to put its economy on a more sustainable trajectory while dealing with a wide array of complex issues from environmental pollution to creating social safety nets. ADB has put knowledge at the center of its operations in the country by:
- helping to translate innovative ideas into actual projects and programs for implementation;
- supporting transformative and demonstration projects and programs, which can be replicated and scaled up;
- supporting institutional reform efforts; and
- supporting private sector participation through public–private partnerships (PPPs) and ADB’s private sector operations.
In addition, ADB can apply the successful experiences in the PRC to other developing member countries that are facing or will face similar challenges. Augmenting regional and global public goods will be a key consideration of ADB operations in the PRC.
Specifically, ADB’s country strategy will support the government’s reform agenda by focusing on the following strategic priorities: managing climate change and the environment, promoting regional cooperation and integration, supporting inclusive economic growth, fostering knowledge cooperation, and supporting institutional and governance reform. These strategic priorities are aligned with the PRC’s 13th plan, ADB’s Midterm Review of Strategy 2020, and ADB’s approach to supporting upper middle-income countries.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.