A Graduation Policy for the Bank's DMCs
Asian Development Bank | November 1998
Abstract
Since 1977, the Bank has had a three-tier classification system that forms the basis for determining the eligibility of its developing member countries (DMCs) to borrow from the Asian Development Fund (ADF) and for applicable limits on Bank financing of project costs. DMCs are classified into three groups based on two criteria: (i) per capita gross national product (GNP); and (ii) debt repayment capacity. Group A DMCs are fully eligible for ADF, Group B DMCs (“blend” economies) are eligible for limited amounts of ADF in particular circumstances, and Group C DMCs are not eligible for ADF financing. While per capita GNP has been identified as a criterion, Bank policy is that cutoff points for the various groups should not be rigid. Also, the debt repayment capacity criterion is assessed in a qualitative way. Classification is determined at the time of entry. No borrowing country has been formally graduated from one group to the next to date. Further, no DMC has been formally graduated from Bank assistance, because the current policy does not envisage a stage beyond Group C.
Citation
Asian Development Bank. 1998. A Graduation Policy for the Bank's DMCs. © Asian Development Bank. http://hdl.handle.net/11540/6083.Keywords
Asian Development Bank
Development
Sustainable Development
Urban Area
Urban Areas
Urban Population
Urbanization
Urban Services
Urban Projects
Urban Problems
Urban Poverty
Urban Policy
Urban Planning
Urban Infrastructure
Urban Health
Urban Government
Urban Economic Development
Urban Development Finance
Urban Development
Urban Conditions
Urban Communities
Urban Population
Economic development
Cities
Sustainable growth
Economic development
Urban Plans
Urbanism
Urban agriculture
Rural Urban Migration
Cities
Investment
Sustainable development
Local government
Urban renewal
Urban housing
Urban sociology
Transit systems
Rapid transit
Public transit
Mass transit
Show allCollapse