Why reform ADB?
While poverty in Asia and the Pacific region has decreased in the last decade, it remains a major challenge. The needs of the developing member countries have changed rapidly, resulting in more challenges and new opportunities for ADB. The global development community has collectively launched common development goals and frameworks, such as the Millennium Development Goals. To meet the emerging challenges and opportunities, ADB reviewed the poverty reduction strategy in 2004 to obtain feedback and examine its relevance to major regional and global changes. The review recommended internal changes to enhance ADB’s organizational capabilities. Thus, on 25 August 2004, ADB adopted a comprehensive and ambitious Reform Agenda to enhance its development effectiveness. ADB President Haruhiko Kuroda stressed the organization’s firm commitment to delivering the agenda. He emphasized that the accelerated implementation of the agenda is crucial. ADB will continue to strengthen its focus and prior
