ADB develops and applies policies, frameworks and guidelines to support, assess and monitor the adequacy and effectiveness of country-, sector-, program-, and project-related financial management systems. This page lists reference materials on ADB's financial management in projects.
Cash Basis IPSAS for ADB Project Financial Reporting
The course is designed for individuals who have, or plan to have a key role in the preparation of project financial statements for submission to ADB and provides the knowledge and skills to prepare PFS in accordance with the requirements of ADB.
Cost Estimates Preparation
The e-Learning module is a preparatory course for gaining basic understanding of the importance of robust project cost estimates, its guiding principles and detailed components of ADB-financed projects.
To register for these courses, please go to the ADB eLearn page.
Financial Due Diligence: A Methodology Note
The Methodology Note provides the specific guidance and procedures in the conduct of the financial due diligence of ADB projects. It covers four core activities of financial management: (i) financial management assessment, (ii) project cost estimates and financing plan, (iii) financial analysis, and (iv) financial evaluation.
Handbook for Borrowers on the Financial Management and Analysis of Projects
The Handbook is an instructional material to guide borrowers and executing agencies in ensuring that the financial management arrangements of projects meet ADB’s requirements. It provides the application of the policies and procedures to ADB projects that are embodied in the Guidelines and is consistent with ADB’s anti-corruption policy.
Technical Guidance Notes
Financial Analysis and Evaluation: Technical Guidance Note
This document describes ADB’s requirements and good practices for financial analysis and evaluation of sovereign projects. It identifies measures to ensure that ADB-supported investments are financially viable and sustainable.
Financial Due Diligence for Financial Intermediaries: Technical Guidance Note
This technical guidance note describes ADB's requirements and good practices for due diligence on financial intermediation loans.
Technical Guidance Note on Financial Management Assessment
The technical guidance note provides guidance to Asian Development Bank staff, consultants and executing agencies on ADB requirements and considerations for financial management assessment.
Financial Management Technical Guidance Note on Preparing a Country Audit Strategy
This technical note provides guidance on preparing country audit strategy to support project preparation and administration.
Technical Guidance Note: Project Financial Reporting and Auditing
This Technical Guidance Note describes ADB’s specific requirements on the project’s financial reporting and auditing arrangements, and must be used and interpreted in conjunction with ADB’s Operations Manual, Project Administration Instructions, and the Guidelines.
Technical Guidance Note: Guidance on Using Audited Project Financial Statements (APFS) - Standard Review Checklist
This Technical Guidance Note is an instructional material that provides an itemized discussion of the purpose and primary focus areas in using the Audited Project Financial Statements (APFS) - Standard Review Checklist.
Preparing and Presenting Cost Estimates for Projects and Programs Financed by the Asian Development Bank
The purpose of this note is to provide guidance to executing agencies, consultants, and ADB staff on preparing and maintaining cost estimates, and how cost estimates should be presented in ADB documents. It offers an approach and methodology, based on international good practice, that if consistently applied should lead to the preparation of more robust cost estimates and should facilitate oversight of ADB-financed projects.
Public Financial Management Systems – Bangladesh: Key Elements from a Financial Management Perspective
This report documents Bangladesh’s financial management systems covering budgeting, funds flow, accounting and reporting, and auditing systems.
Public Financial Management Systems – Indonesia: Key Elements from a Financial Management Perspective
This report documents Indonesia’s financial management systems covering budgeting, funds flow, accounting and reporting, and auditing systems.
Good Practice Examples
These good practice examples illustrate the application of ADB's policy and guidelines for project financial due diligence. These examples may be used as guides when preparing project cost estimates and financing plans, conducting financial management assessments, and performing financial evaluation and financial analysis, keeping in mind the unique nature of each project and exercising professional judgment.
Public Financial Management Systems - Sri Lanka: Key Elements from a Financial Management Perspective
This report documents Sri Lanka’s financial management systems covering budgeting, funds flow, accounting and reporting, and auditing systems.
Public Financial Management Systems - Fiji: Key Elements from a Financial Management Perspective
This report documents Fiji’s financial management systems covering budgeting, funds flow, accounting and reporting, and auditing systems.
Public Financial Management Systems - Viet Nam: Key Elements from a Financial Management Perspective
This publication documents Viet Nam's financial management systems covering the areas of budgeting, funds flow, accounting and reporting, and auditing systems.
Funds Flow, Accounting, and Audit in India
This paper provides a handy guide to project officers processing and implementing sovereign projects in India, in the areas of funds flow, accounting, audit, and related matters.
ADB Products and Financing Modalities for Sovereign Guarantees, Loans, and Grants
The ADB Products and Financing Modalities Pamphlet is a quick reference guide on the financial instruments offered by ADB to its developing member countries. The pamphlet summarizes the financing terms and attributes of sovereign (and sovereign-guaranteed) loans, grants, and guarantees. It is a valuable tool for understanding the different modalities during project design, negotiations, and implementation.
Templates and tools
- November 2018 Financial Management Assessment Questionnaire for Knowledge Partnerships
- February 2018 Due Diligence Questionnaire for Advance Payment Facility for TA Projects
- March 2015 Audited Project Financial Statements (APFS) - Standard Review Checklist
- March 2015 Audited Entity Financial Statements (AFS) - Standard Review Checklist
- May 2015 Financial Management Assessment Questionnaire
- March 2016 Top 10 Tips on Financial Due Diligence for ADB Projects
Financial Management Starter Kit
The Financial Management starter kit is a compilation of guidance, tools, and reference materials relevant to preparing and conducting financial due diligence during project processing. The Financial Management kit has been organized and prepared for quick access by ADB staff and consultants, and by executing and implementing agencies. It provides the methodology, key guidance notes, financial due diligence requirements, and examples of cost estimates model and good practice in financial management assessment.
- Technical Guidance Note on Financial Management Assessment
- Operations Manual, Section G2 - Financial Management, Cost Estimates, Financial Analysis and Financial Performance Indicators
- Operations Manual, Section J7 - Project Financial Reporting and Auditing
- Project Administration Instructions, 5.07 - Financial Reporting and Auditing of Loan- and Grant-Financed Projects
- Financial Due Diligence: A Methodology Note
- Financial Management Assessment Questionnaire ( Overview, Questionnaire)
- Preparing and Presenting Cost Estimates for Projects and Programs Financed by the Asian Development Bank
- Good Practice Examples of Cost Estimates and Financing Plans
- Technical Guidance Note on Project Financial Reporting and Auditing
- Examples of Cost Estimates Models ( Overview, Simple model, and Urban Development Project)
- Operations Manual, Section G2 Diagram: Financial Due Diligence Requirements for Sovereign-Guaranteed Investment Projects
- ADB Products and Financing Modalities for Sovereign Guarantees, Loans, and Grants
- Example Terms of Reference (for PPTA Financial Due Diligence) - Financial Management Expert
Guidelines on the Financial Management and Analysis of Projects
The Guidelines is the overarching framework governing the financial due diligence of ADB projects. It describes the policies and procedures on the financial management of ADB projects, and provides guidance on the evaluation of the financial management arrangement of executing and implementing agencies, and the financial analysis of ADB projects during appraisal.