Malaysia: Validation of Country Assistance Program Review, 2011–2026</h1> <article> <h1>Malaysia: Validation of Country Assistance Program Review, 2011–2026</h1> <p>2026-11-02</p> <p>This report by the Independent Evaluation Department (IED) validates the performance of the Asian Development Bank (ADB) program in Malaysia from 2011 to 2026. During this period, operations were initially guided by an interim country partnership strategy (CPS), 2011–2012 (later extended to 2014) and subsequently by a series of arrangements of cooperation (AOCs). These AOCs helped maintain the institutional partnership and enable recent nonsovereign operations (NSO), but also created gaps in strategy and results measurement.</p> </article> <article> <h1>Project Performance Evaluation Report for Loan and Grants to the Republic of Kiribati Road Rehabilitation Project (Loan 2718 and Grants 0470 and 0527)</h1> <p>2026-10-29</p> <p>South Tarawa, home to almost half of Kiribati’s population, depends on a single road corridor connecting communities to jobs, markets, schools, health facilities, and other essential services. Before the Road Rehabilitation Project, severe road deterioration led to slow, unreliable travel, higher transport costs, and disruptions to service delivery. </p> </article> <article> <h1>Country Assistance Program Evaluation for Cambodia</h1> <p>2026-10-21</p> <p><strong>ONGOING EVALUATION. </strong>The Independent Evaluation Department (IED) is undertaking a country assistance program evaluation (CAPE) of the Asian Development Bank’s (ADB) engagement in Cambodia. The evaluation will provide an independent assessment of ADB’s country strategies, operations, and knowledge support during 2014–2025, a period of significant economic and social change as Cambodia continued its development transition and prepared for graduation from least developed country status. </p> </article> <article> <h1>Nepal: Electricity Transmission Expansion and Supply Improvement Project</h1> <p>2026-10-15</p> <p>The project was aimed at increasing access to reliable grid-based electricity in Nepal by expanding transmission capacity, upgrading distribution networks and substations, rehabilitating selected small hydropower plants, and strengthening project management.</p><p>This report validates the completion report's assessment of the project. IED's overall assessment is less than successful.<br> </p> </article> <article> <h1>Corporate Evaluation: ADB's Support for Private Equity Fund Investments, 2010– 2025</h1> <p>2026-10-14</p> <p>The Independent Evaluation Department (IED) of the Asian Development Bank’s (ADB) evaluated ADB's support to private equity funds (PE Funds or PEFs) in Asia and the Pacific. The portfolio considered for this evaluation will comprise nonsovereign operations (NSO) PE Funds committed and under implementation between 2010–2025.</p> </article> <article> <h1>Understanding Disaster Displacement in Asia and the Pacific</h1> <p>2026-10-14</p> <p>The objective of the technical assistance (TA) was to assist Asian Development Bank (ADB) developing member countries (DMCs) in preparing for and responding to disasters by enhancing their understanding of disaster displacement.</p><p>This report validates the completion report's assessment of the TA.</p><p>IED's overall assessment is less than successful.</p><p> </p> </article> <article> <h1>ADB Evaluation Calls for Stronger Evidence of Development Impact from Private Equity Funds</h1> <p>2026-10-14</p> <p>An evaluation by the Independent Evaluation Department of ADB finds that ADB's private equity fund investments remain a relevant instrument for mobilizing private capital and supporting private sector development, but the report calls for a clearer strategic framework, stronger articulation of ADB's additionality, and more consistent evidence of results.</p> </article> <article> <h1>Project Performance Evaluation Report for the Jiangxi Sustainable Forest Ecosystem Development Project</h1> <p>2026-10-08</p> <p>The Jiangxi Sustainable Forest Ecosystem Development Project was implemented from 2011 to 2017 in 18 counties in the mountainous areas of Jiangxi Province in the country’s southeast. The Jiangxi Provincial Government implemented the project through its Forestry Department. The project comprised a $40 million Asian Development Bank (ADB) loan to finance forest plantation development through long-term subloans to 466 forest beneficiaries.</p> </article> <article> <h1>Pacific Urban Development Investment Planning and Capacity Development Facility</h1> <p>2026-10-01</p> <p>The objective of the regional transaction technical assistance (TRTA) facility was to prepare a series of sustainable urban development projects in Pacific developing member countries (DMCs) and facilitate knowledge exchange and cross-learning among them.</p><p>This report validates the completion report's assessment of the TRTA facility.</p><p>IED's overall assessment is successful.</p> </article> <article> <h1>Improving Access and Strengthening Innovations for Water, Sanitation, and Hygiene in Selected Central Asia Regional Economic Cooperation Countries and the Caucasus</h1> <p>2026-09-30</p> <p>The objective of the technical assistance (TA) was to (i) expand access to safe hygiene services in communities, schools, and health facilities; (ii) strengthen the policy, financing, and institutional foundations for sustainable water, sanitation, and hygiene (WASH) delivery; and (iii) incubate climate-resilient WASH solutions for scale-up through investment projects in selected Central Asia Regional Economic Cooperation (CAREC) countries, supported by regional knowledge exchange through the CAREC Virtual WASH Centre.</p> </article> <article> <h1>Cambodia: Strengthening Public Financial Management Program (Subprogram 2)</h1> <p>2026-09-23</p> <p>The program was aimed at improving the efficiency, effectiveness, and accountability of public expenditure and revenue management through reforms in budgeting, revenue administration, public investment planning, debt management, financial information systems, and internal and external oversight. It was also aimed at strengthening the capacity of government institutions to implement public financial management reforms and support more effective public service delivery and inclusive growth.</p> </article> <article> <h1>Cook Islands: COVID-19 Active Response and Economic Support Program</h1> <p>2026-09-23</p> <p>The program was designed to support the government’s immediate priorities to limit the impact of the pandemic on the economy and livelihoods, particularly for the poor and vulnerable. The anticipated program outcome was to reduce adverse impacts of COVID-19 restrictions on the population and businesses. Three outputs were specified in the DMF: (i) the health-care system’s COVID-19 response measures strengthened, (ii) livelihoods protected by compensating for economic losses, and (iii) economic relief for affected businesses delivered.</p> </article> <article> <h1>People’s Republic of China: Eco-Compensation Mechanism for Protected Areas with a Focus on National Parks Project</h1> <p>2026-09-19</p> <p>The objective of the technical assistance (TA) was to support the preparation of the first eco-compensation framework for protected areas in the People’s Republic of China (PRC). The framework was aimed at establishing a performance-based financing system that mobilizes public and private resources to protect biodiversity and ecosystem services, while supporting rural livelihoods and the operating costs of a national parks system.</p><p>This report validates the completion report's assessment of the TA.</p><p>IED's overall assessment is successful.</p> </article> <article> <h1>Thailand: Climate Change Adaptation in Agriculture for Enhanced Recovery and Sustainability of Highlands</h1> <p>2026-09-19</p> <p>The technical assistance (TA) aimed to reduce climate change vulnerability and enhance the adaptive capacity of highland communities and ecosystems in Thailand to cope with current and projected climate change impacts, improve household livelihoods and food and nutritional security, and boost rural employment and support.</p><p>This report validates the completion report's assessment of the TA.</p><p>IED's overall assessment is successful.</p> </article> <article> <h1>Mongolia: Supporting Development of a Resilient and Well-Functioning Money Market and Macroprudential Policy Framework</h1> <p>2026-09-18</p> <p>The technical assistance (TA) aimed to strengthen Mongolia’s policies and institutional capacity to develop a resilient, well-functioning money market and an effective macroprudential policy framework, thereby improving monetary policy transmission and financial system stability.</p><p>This report validates the completion report's assessment of the TA.</p><p>IED's overall assessment is successful.</p> </article> <article> <h1>Sustainable Tourism Development in the Central Asia Regional Economic Cooperation Region</h1> <p>2026-09-18</p> <p>The objective of the technical assistance (TA) was to support the implementation of the Central Asia Regional Economic Cooperation (CAREC) 2030 Strategy. The TA’s target outcome was increased cooperation among CAREC countries to position the region as an attractive global tourism destination.</p><p>This report validates the completion report's assessment of the TA.</p><p>IED's overall assessment is successful.</p><p><br> </p> </article> <article> <h1>India: Maharashtra Rural High-Voltage Distribution System Expansion Program</h1> <p>2026-09-17</p> <p>The program was aimed at reducing the emissions intensity of economic growth, increasing agricultural productivity in rural Maharashtra, and improving the efficiency of electricity distribution. It improved access to efficient, reliable, and high-quality electricity for new agricultural customers in rural areas through the installation of an upgraded electricity distribution network, strengthened utility capacity, and greater awareness of efficient electricity and water use.</p> </article> <article> <h1>Cambodia: Greater Mekong Subregion Southern Economic Corridor Towns Development Project</h1> <p>2026-09-16</p> <p>The project was aimed at developing Battambang, Bavet, Neak Loeung, and Poipet into centers of economic activity along the Southern Economic Corridor (SEC) through improved urban infrastructure, enhanced climate resilience, strategic local economic development planning, priority infrastructure investments, and strengthened institutional capacity.</p><p>This report validates the completion report's assessment of the project. IED's overall assessment is successful.</p> </article> <article> <h1>Bhutan: Fiscal Sustainability and Green Recovery Program (Subprograms 1 and 2)</h1> <p>2026-09-10</p> <p>The program was aimed at sustaining dynamic public sector and private sector-led development in Bhutan, consistent with the objectives of the Thirteenth Five-Year Plan, by fostering a green and resilient economic recovery and a more conducive business environment.</p> </article> <article> <h1>India: Karnataka Integrated and Sustainable Water Resources Management Investment Program (Multitranche Financing Facility and Tranche 2)</h1> <p>2026-09-07</p> <p>The program was aimed at sustainable water security and water use efficiency in selected river basins in Karnataka through integrated water resources management. It was designed to strengthen state and basin institutions, modernize irrigation infrastructure and management, enhance water delivery through water user cooperative societies, and establish effective program management systems.</p><p>This report validates the completion report's assessment of the program. IED's overall assessment is less than successful.</p> </article> <article> <h1>Georgia: COVID-19 Vaccine Support Project under the Asia Pacific Vaccine Access Facility</h1> <p>2026-09-04</p> <p>The project was aimed at supporting the Government of Georgia in procuring and delivering COVID-19 vaccines, strengthening vaccination program implementation capacity, and enabling safe and effective vaccine deployment. It sought to stabilize the COVID-19 pandemic, reduce disease transmission, morbidity, and mortality, restore public confidence, and facilitate the resumption of normal economic and social activities through vaccination of target populations.</p><p>This report validates the completion report's assessment of the project. IED's overall assessment is less than successful.</p> </article> <article> <h1>Papua New Guinea: Civil Aviation Development Investment Program (Multitranche Financing Facility and Tranche 3)</h1> <p>2026-08-31</p> <p>The program was aimed at improving the safety, efficiency, and accessibility of all-weather air transport services in the project area to support economic growth and poverty reduction. It strengthened aviation institutions and regulatory oversight, upgraded airport and airside infrastructure to meet safety and security certification requirements, and improved airport operations and maintenance, including the introduction of runway lighting for safe night landings.</p> </article> <article> <h1>India: Industrial Corridor Development Program (Subprograms 1 and 2)</h1> <p>2026-08-31</p> <p>The program was aimed at boosting manufacturing sector competitiveness for higher growth and job creation by strengthening institutional frameworks for integrated industrial corridor development, improving planning and financing of industrial nodes, enhancing the investment climate and ease of doing business, and promoting sustainable and gender-inclusive industrial development.</p> </article> <article> <h1>Thailand: COVID-19 Active Response and Expenditure Support Program</h1> <p>2026-08-31</p> <p>The program is aimed at supporting the government’s immediate priorities of controlling the spread of COVID-19 and mitigating its economic and social impacts, with a focus on protecting the most vulnerable populations in the Kingdom of Thailand. It was designed to strengthen health sector response capacity, assist affected businesses, and enhance livelihood support for vulnerable groups, while incorporating gender-responsive measures and ensuring that women and disadvantaged sectors were included as beneficiaries.</p> </article> <article> <h1>Evaluation of the Asian Development Fund (ADF) 13 and 14</h1> <p>2026-08-28</p> <p><strong>ONGOING EVALUATION.</strong> The Independent Evaluation Department (IED) is conducting a corporate evaluation of the Asian Development Fund (ADF), ADB’s grant facility for its poorest and most vulnerable developing member countries (DMCs). Since its establishment, ADF has played a central role in supporting countries facing persistent development challenges, including fragility, climate vulnerability, limited access to finance, and heightened exposure to economic and external shocks. </p> </article> <article> <h1>Project Performance Evaluation Report for Secondary Cities Development Project (Loan 3044-VIE)</h1> <p>2026-08-26</p> <p class="xmsonormal">The Secondary Cities Development Project was approved in 2013 with a loan equivalent to $95 million to help improve urban infrastructure, environmental management, and climate resilience in three rapidly growing cities in Viet Nam: Buon Ma Thuot, Ha Tinh, and Tam Kỳ. Through investments in flood protection, solid waste management, and urban roads, the project expanded access to climate-resilient infrastructure, strengthened urban connectivity, and enhanced the quality of urban services for local communities. </p> </article> <article> <h1>India: Clean Energy Finance Investment Program (Multitranche Financing Facility)</h1> <p>2026-08-25</p> <p>The program was aimed to expand renewable energy infrastructure by improving access to long-term financing for clean energy investments and strengthening the institutional capacity of the Indian Renewable Energy Development Agency.</p><p>This report validates the completion report's assessment of the program. IED's overall assessment is less than successful.</p> </article> <article> <h1>Project Performance Evaluation Report for the Gulf Chana Green Company Limited Southern Thailand Waste-to-Energy Project (Thailand)</h1> <p>2026-08-19</p> <p>Thailand’s abundant agricultural resources have long supported its renewable energy ambitions. Under the Alternative Energy Development Plan 2015, the government targeted 5.57 gigawatts (GW) of biomass capacity as part of its 20 GW renewable energy goal by 2036. In 2017, the Asian Development Bank (ADB) approved a B1,109 million loan to Gulf Chana Green Company Limited to support the construction and operation of the 25-megawatt Southern Thailand Waste-to-Energy Project in Songkhla Province.</p> </article> <article> <h1>Pacific Approach: Validation of the Country Assistance Program Review, 2021–2025</h1> <p>2026-08-06</p> <p>This validation assesses ADB’s support under the Pacific Approach, 2021–2025 across 12 Pacific island countries during a period marked by COVID‑19 and repeated disasters. It rates the program successful overall, recognizing ADB’s strong crisis response and support for recovery and resilience. To strengthen the next Pacific Approach, the validation recommends better aligning institutional support with country capacity, improving implementation through more sustained and sequenced engagement, and strengthening the operationalization of differentiated approaches at the country level.</p> </article> <article> <h1>Supporting Finance Sector and Private Sector Development in the Pacific</h1> <p>2026-08-05</p> <p>The technical assistance (TA) aimed to expand the operations of the Asian Development Bank (ADB) in promoting private sector growth in the Pacific developing member countries (DMCs) through the development of the finance sector. It focused on (i) identifying critical structural constraints to finance sector development and private sector growth in the region; (ii) supporting development and processing of new projects that promote financial inclusion, investments, and private sector development; and (iii) facilitating effective engagement by ADB in these sectors.</p> </article> </main></body></html>