Asian Development Bank Annual Report 1995

Abstract

In line with its development objectives and priorities, the Bank adopted a number of new policies in 1995 to further enhance the quality and sustainability of its operations. These included policies on governance to (i) facilitate developing member countries (DMCs) efforts to be more accountable, participatory, predictable and transparent in their development activities; (ii) involuntary resettlement to strengthen the Bank’s approach to the issue of people displaced by Bank projects; and (iii) lnspection function to establish a grievance procedure in case there are allegations of violation of Bank operational policies and procedures in the formulation and implementation of public sector projects. In addition, a new policy was adopted to sharpen the focus of the Bank's private sector-operations. Three-policy, papers, were approved outlining the directions for agricultural and natural resources research, and for the forestry and energy sectors. A new cofinancing and guarantee strategy was endorsed to intensify the Bank’s catalytic role in private resource mobilization.