The vision should build on the ADB's regional status, which gives it unique position in promoting national ownership, and thus impact and sustainability. The vision must also define the Bank's proper role in an international multilateral context. Good governance is critical to poverty reduction. We see a leading role for the Bank in supporting good governance in borrowing countries. Sound, transparent and accountable public institutions that are not standing in the way, but rather paving the way for pro-poor growth and social progress are indispensable.
Some times there is a thin line between political and economic governance.
Deficiencies in political governance may have a strong bearing on development. We cannot ignore that. We welcome a Bank action plan for promoting good governance. Another area of key importance is the promotion of regional cooperation and integration. Experience has shown that regional initiatives can generate new international and regional trade opportunities, and can be an investment in peace, stability and prosperity.