Promoting Good Governance: ADB's Medium-Term Agenda and Action Plan
Asian Development Bank | October 2000
Abstract
The Asian Development Bank (ADB) has learned through decades of experience that sustainable development depends on the quality of decisions made toward development and reform, and, equally, on the manner in which these decisions are taken and carried out. In October 1995, ADB members reached a consensus to apply this fundamental lesson in a more systematic way in ADB’s overall operations. Thus, ADB became the first multilateral development bank to have a board-approved policy on governance. The governance policy became the basic building block for a cluster of good governance policies, which now includes policies on procurement, law and policy reform, participation of civil society, and anticorruption. Good governance has since also been established as one of the three pillars of ADB’s Poverty Reduction Strategy. Without good governance, efforts at reducing poverty will not be effective. Therefore, ADB will introduce a performance-based allocation system, with particular emphasis on good governance, that enables ADB to effectively direct scarce Asian Development Fund (ADF) funds to countries in which they will have the greatest impact. With these additions, policy development in this field is now nearly complete, and ADB’s cluster of good governance policies provides a sound basis for addressing most of the governance problems confronting ADB’s developing member countries (DMCs). ADB will, of course, continue to review and, if needed, revise this policy cluster periodically based on experience.
Citation
Asian Development Bank. 2000. Promoting Good Governance: ADB's Medium-Term Agenda and Action Plan. © Asian Development Bank. http://hdl.handle.net/11540/3554. License: CC BY 3.0 IGO.Keywords
Governance
Good Governance
Governance Approach
Governance Capacity
Governance Models
Governance Quality
Regional Policy
Regional Perspectives
Regional Government
Regional Development
Business Management
Institutional
Framework
Business Ethics
Regional Plans
Project finance
Development Bank
Bureaucracy
Cabinet system
Common good
Executive power
Government
Separation of powers
Transparency in government
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