Bank Group Eligible Expenditures Policy
Categories: Economic & Financial Governance
The Boards of Directors, on March 19, 2008, approved a new policy on expenditures eligibility for Bank Group financing (Board Document ADB/BD/WP/2007/106/Rev.1 and ADF/BD/WP/2007/72/Rev.1). The objective of the new policy is to strengthen the Bank's focus on results through greater (i) alignment of the expenditure eligibility policy on the development priorities of regional member countries (RMC) and (ii) harmonization with other sister institutions particularly the World Bank. The new policy also seeks to tailor expenditure eligibility to the specific context of each RMC through the introduction of Country Financing Parameters (CFPs).