Monday, April 26, 2010


IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor----------------------
Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau


Asian Development Bank (ADB)




[full-text, 110 pages]


Press Release 22 April 2010

ADB 2009 Performance on Track, Says Report


MANILA, PHILIPPINES - The Asian Development Bank (ADB) was on track in its performance in 2009 to deliver output targets in the core sectors of infrastructure, education and finance in the region, says an ADB report released yesterday.


The Development Effectiveness Review 2009 shows that reform measures introduced by ADB in recent years are yielding results. ADB is becoming more efficient in processing loans and grants and in disbursing funds to its public sector clients. ADB's key stakeholders in its member countries also have positive perceptions about ADB's efforts to help reduce poverty among the people in the region, says the report.


At the same time, the report highlights that more progress is required in areas such as cofinancing, support for education, and success rates of completed projects, along with more efforts to raise the staffing level and budget resources within ADB to better support its expanding operations.


“We are pleased that the review overall shows we are continuing to deliver substantial benefits to the region. It also underscores the need for us to give more attention to areas such as project quality and more timely use of resources for this purpose,” said Haruhiko Kuroda, President of ADB.


In response to the findings, ADB is already taking a number of remedial measures, with specific time-frames. Among others, ADB's Work Program and Budget Framework for 2010-2012 has been drawn up, which provides for a phased increase in budget funds and staff numbers. ADB has also introduced a pilot scheme to increase cofinancing, education assistance, and projects promoting gender mainstreaming.


“After three years of implementation, the review process is now solidly integrated into ADB’s corporate management process. We will continue to use the latest findings, as we have done before, as an internally-driven strategy to deliver strong benefits to our developing member countries,” said Rajat M. Nag, Managing Director General of ADB.


An annual self-assessment tool by ADB management, this report is the third to be released by ADB since 2008. ADB remains the only multilateral development bank to publish such a comprehensive results-based report by management, delivering added-value to clients and providing greater accountability to stakeholders.


The Development Effectiveness Review uses a scorecard system to enable ADB to pinpoint where it has been successful, where challenges remain, and where remedial action is required.


This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       



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