The private sector contributes to economic development by generating jobs and incomes, as well as through investments, new technologies, knowledge transfer, and enhanced productivity. 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 development challenges and investment needs of the region remain large and diverse. The Asian Development Bank (ADB) helps address these challenges and investment needs by assisting the private sector through the Private Sector Operations Department. This third annual report on the development effectiveness of ADB's private sector operations reviews how the Private Sector Operations Department has contributed to promoting ADB's development effectiveness agenda. The report features the direct and indirect impact of private sector assistance. It considers the value added of this 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 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.

This publication assesses the progress achieved by the Asian Development Bank (ADB) on the 2010 targets of the Paris Declaration and Accra Agenda for Action. It covers ADB's average performance from 2008 to 2010 in 25 developing member countries based on the findings of annual internal monitoring surveys. It also assesses ADB's performance in the Paris Declaration monitoring surveys of the Development Assistance Committee of the Organisation for Economic Co-operation and Development and in several independent evaluations of aid quality conducted by donor countries and external researchers.

This report sets out evidence of progress and challenges in making aid more effective.