A Joint Initiative of the Asian Development Bank and the World Bank
BACKGROUND
At a time of great need in developing countries, the Asian Development Bank (ADB) and the World Bank (WB) are working on a Full Mutual Reliance Framework (FMRF) — the first of its kind between Multilateral Development Banks (MDBs).
This initiative is expected to reduce administrative burdens, scale and speed up results for our borrowing countries in Asia and the Pacific. For projects processed under this framework, one of the two institutions will serve as ‘lead lender’ in charge of the preparation and supervision of a co-financed project. The lead lender’s operational policies and procedures will apply. More information is available in this presentation.
STAKEHOLDER ENGAGEMENT
Both institutions will carry out joint stakeholder engagements with borrowers as well as civil society.
- Civil Society can RSVP here to join on 30 October 2024 (Wed) 10:00-11:30 AM Manila time / 29 October 2024 (Tues) 10:00-11:30 PM DC time – fully virtual via Zoom. This session will be conducted in English and a Zoom link will be shared only with those who RSVP.
- If you are unable to join this session, there is another opportunity on 7 November 2024 (Thurs) 10:00-11:00 PM Manila time / 9:00-10:00 AM EDT time. The World Bank is dedicating its monthly CSO call to the proposed ADB-WB FMRF and representatives from both institutions will join this discussion. This virtual meeting is held using WebEx. Please RSVP here.
FEEDBACK PERIOD
Through Wednesday, November 20, this form will be open for any feedback and suggestions on this initiative. Submissions in English, Russian and Chinese are welcome.
For inquiries or issues with registration, please email: adb_wb_fmrf@worldbank.org