Accountability Mechanism Policy 2012

Abstract

The objectives of the review are to take stock of the ADB experience, draw on the experiences of similar mechanisms at other multilateral financial institutions, and examine the scope for improving the Accountability Mechanism. The review has included wide-ranging public consultations with a broad spectrum of stakeholders through face-to-face meetings, multiple stakeholder workshops, and visits to project sites. To systematically respond to stakeholder comments, ADB has produced a series of review documents: two consultation papers, two working papers, and the final paper. The consultation papers were completed in February and June 2011, and the working papers were considered by the Board in April and October 2011. The working group has sought public comments through a dedicated Accountability Mechanism review website. Appendix 2 summarizes the consultations undertaken as part of the review. This paper presents key findings of the review and proposes changes to strengthen the accessibility, credibility, efficiency, and effectiveness of the Accountability Mechanism.