This project provides funding towards improving procurement procedures for projects in the developing member countries of the Asian Development Bank. Specifically, the money goes toward a special Bank-owned fund intended to assist the developing countries.
DMCs need a procurement approach that will allow them to respond to their changing needs, reflect the growing strengths and range of executing agency capabilities, and better account for wide range of capacities of procuring entities involved in its various projects. This will help DMCs adopt and incorporate the new public procurement concepts and methods increasingly used worldwide. This policy and advisory technical assistance (TA) will enable ADB support DMCs in strengthening their procurement systems by developing and adopting a new ADB procurement framework to be applied under its financed transactions and administered projects.
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ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main