Guidelines for the Financial Governance and Management of Investment Projects Financed by Asian Development Bank

Abstract

Financial analysis of ADB projects has been conducted ever since ADB was founded in 1966. To improve the uniformity, approach, and coverage of financial analysis, ADB issued Guidelines for the Preparation and Presentation of Financial Analysis in 1989. ADB has undertaken a review of the Guidelines to ensure that they reflect current ADB policies, rules, and procedures, and developments in financial management and analysis practices. In October 1999, a Bank-wide taskforce was appointed under the chairmanship of Francis B. Narayan, Lead Financial Management Specialist. The taskforce was supported by a consultant. The review process, lasting over a year, was carried out in consultation with all divisions and departments. These revised Guidelines are the result of the review. They describe ADB’s philosophy, policies, and approach to financial management of executing agencies and financial analysis of investment projects. They have been prepared for the benefit of ADB staff and consultants who evaluate financial management practices of executing agencies or undertake financial analysis of investment projects.