Financial Regulation and Governance Program

In general, it is proposed that program loans should either not include highly complex and far-reaching policy reforms or build on enhanced policy dialogue, comprehensive technical assistance, and intensive monitoring and review by ADB. Lack of technical understanding on the part of political decision makers requires support for comprehensive and consistent advisory technical assistance throughout the drafting and approval process of new legislation. Corrective action regarding the scope and implementation arrangements of a program should be considered at an early stage if implementation falls behind schedule and/or government capacity, ownership, and commitment shows signs of receding.