... & conservative financial policy The ADB adopt a Board approved policy on governance. This affirms the direct relevance of governance to development performance and pursues the principle of participation, transparency, predictability and accountability. It also identifies specific areas of Bank support, through its Technical Assistance Special Fund, such as strengthening of public sector management, establishment of transparent and accountable policy and regulatory frameworks conducive to private sector development, improving tax and fiscal management, and fostering participatory development. The Bank has also adopted an anti-corruption policy and intends to play an important role helping countries in the region to put in place measures to tackle corruption in both the public and private sectors. The ADB is financially conservative - traditionally maintaining proportionately higher levels of reserves than the other Multilateral Development Banks (MDBs). This enables it to borrow almost as cheaply from the markets as the World Bank, with which it shares an ...

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