Private sector investment is widely recognized as the engine of economic growth. The Asian Development Bank's (ADB) long-term strategic framework 2008-2020 (Strategy 2020) identifies private sector development and private sector operations as one of five drivers of change to pursue its vision and agenda. ADB's private sector operations aim to promote broad-based and inclusive growth in Asia and the Pacific region by catalyzing and encouraging private investment. In particular, through support for innovative and replicable projects in the private sector ADB maximizes the development impact of such assistance. This report is the first of an annual series reviewing how private sector operations have fared in promoting ADB's overall development effectiveness agenda. The report offers an opportunity to reflect on the value addition of ADB's private sector operations, to highlight performance trends and to identify actions required to improve results.

The Development Effectiveness Review Report is the annual corporate performance report of the Asian Development Bank (ADB). It assesses progress in implementing ADB's long-term strategic framework 2008-2020 (Strategy 2020) using specific performance indicators, baselines, and targets presented in ADB's results framework. The review measures ADB's contribution to development in Asia and the Pacific and performance as an organization. It pinpoints areas where ADB has been successful, where challenges remain, and where corrective action is required.

'The Annual Review of Development Effectiveness 2009' presents evidence on the World Bank s efforts in two areas. Part I tracks the outcomes of Bank projects and country programs and the evolution of monitoring and evaluation (M and E). Part II examines the Bank s support for environmentally sustainable development compatible with economic growth and poverty reduction. The Bank s project performance rebounded in 2008, allaying concerns about the weakened performance in 2007. As previous ARDEs have shown, project performance has been improving gradually for 15 years according to the traditional measure percent of projects with satisfactory (versus unsatisfactory) outcomes. But IEG ratings of M and E quality for completed projects indicate considerable room for progress. Information to assess impacts continues to be lacking although preliminary data suggests improvements in baseline data collection. Bank support for the environment has recovered since 2002 due to new sources of concessional finance. The outcomes of environment projects have improved in recent years. A growing number of regional projects are addressing the shared use of water resources. New global partnerships are deepening the Bank s involvement in climate change issues. But M and E remains weak: three-quarters of environment-related projects those managed by sectors other than environment lack reporting of environmental outcomes.

The private sector is regarded as a major contributor to economic growth through investments, new technologies, knowledge transfer, and enhanced productivity, as well as through the creation of jobs and income. This is particularly true in Asia and the Pacific, where much of the recent success in reducing poverty has been due to robust economic growth stimulated by the private sector. The Private Sector Operations Department of the Asian Development Bank (ADB) promotes growth by providing direct assistance to the private sector. This report reviews how the Private Sector Operations Department has fared in promoting ADB's overall development agenda. The report features the direct and indirect impact of ADB's private sector investments. It reflects on the value added of ADB's assistance, highlighting performance trends and identifying actions required to improve results.

The Development Effectiveness Review is the annual corporate performance report of the Asian Development Bank (ADB). It assesses progress in implementing ADB's long-term strategic framework 2008-2020 (Strategy 2020) using the performance indicators, baselines, and targets in the ADB results framework. It analyzes performance trends, identifies strengths and weaknesses, and defines corrective actions needed.

The Development Effectiveness Review is the annual corporate performance report of the Asian Development Bank (ADB). It assesses progress in implementing Strategy 2020, ADB's long-term strategic framework, using the performance indicators, baselines, and targets in the ADB results framework. It analyzes performance trends, identifies strengths and weaknesses, and defines corrective actions.

The 2012 Development Effectiveness Review (DEfR) is the sixth annual corporate performance report of the Asian Development Bank (ADB). The review found that the development effectiveness review process introduced in 2008 has successfully propagated a results culture across ADB. This has led to improved performance in most areas of the results framework measuring ADB’s operational and organizational effectiveness. As a result, ADB has been able to meet an increasing proportion of its targets. It has also expanded ADB’s contributions to development outcomes in the region. Compared with 2008, the report's findings include: ADB operations are more focused on Strategy 2020 priorities, including gender mainstreaming; the quality at entry (QAE) of country partnership strategies and sovereign operations is consistently high and the QAE of nonsovereign operations has improved significantly; project start-up is more efficient; cofinancing has increased considerably; ADB coordinates more closely with other development partners and shares knowledge more effectively; ADB has more staff to support operations, and almost half of them work in resident missions to increase responsiveness to clients; resident missions are more empowered; ADB staff are more engaged and motivated; and the gender balance at ADB has improved significantly. The DEfR also highlighted areas requiring further improvement. Actions to strengthen project readiness and implementation supervision need reinforcing to raise project success and outcome achievement rates—two of the areas where performance improved but targets were not reached.