Policy on Performance-based Allocation for Asian Development Fund Resources

Abstract

The sustainability of development is an issue at the heart of the recent decision of the Asian Development Bank (ADB) to adopt poverty reduction as its overarching goal, and to base its strategy for poverty reduction on three key pillars, namely, pro-poor economic growth, social development, and good governance. With the adoption of the poverty reduction strategy, ADB took a key step in transforming itself from a project-oriented organization into a broad-based development institution.