The Partnership Brief series, compiled by the Asian Development Bank’s Office of Cofinancing Operations, presents key details of cofinancing with ADB’s main development partners.

ADB supports financial institution and market infrastructure development, and promotes good governance and the financial system’s capability to ensure sustainable private sector–led growth

The Japan Fund for Poverty Reduction was set up in May 2000 to provide grants for innovative poverty reduction activities in ADBʹs . developing member countries Grants from the Fund are not for technical assistance but for direct relief that also builds capacity for self‐help and income generation. They finance small investments linked to ADB loans to pilot‐test approaches that can later be expanded ...

This evaluation update finds that ADB's program loan modality in support of financial intermediation for private sector development has generally been successful and should therefore continue.

Having achieved a measure of success, ADB must now lead the GMS program to move to the next level of maturity where its members take on more responsibilities.Further adding value to the GMS program must be done gradually in consultation with member countries, taking into account their differing capacities and aspirations, and providing support where necessary to build the national capacities needed ...

New participatory approaches to rural development include beneficiary consultation and participatory planning, community development support, engagement of nongovernment organizations, local government involvement, and private sector participation. Do they offer an effective solution to the conventional problems of project relevance and sustainability?

Although inappropriate exchange rate policies are not a root cause of the financial crisis in East and Southeast Asian countries (Indonesia, Republic of Korea, Malaysia, Philippines, and Thailand) such policies have contributed to the crisis. By the early 1980s, all of the affected countries had moved away from the old policy of pegging to the US dollar toward more flexible exchange rate regimes of ...

As long as the yen's depreciation relative to other major cur-rencies remains less than the recent depreciations of other regional currencies, the effects on trade may be relatively mild. Moreover, the brief analysis above indicates that the yen depreciation will be likely to have greater trade-related (negative) effects on the economies of the Republic of Korea and Taipei,China, and lesser effects ...

The importance of banks is premised on the ground that banks are the main channels of savings and the allocators of credit in an economy. The efficiency of banks therefore affects the financial system and the entire economy. Their failures can erode public wealth and confidence in the economy. Bank failures or sys¬temic banking crises occur almost invariably due to distorted management incentives, ...

Since 2006, the Government of Sri Lanka has been implementing a $66.7 million Local Government Infrastructure Improvement Project (LGIIP), including a $50 million loan from the Asian Development Bank (ADB). Conceptually, the LGIIP conforms to government policies regarding decentralization of powers and aims to further strengthen the local authorities (LAs) in the country through institutional ...