The Asian Development Bank Annual Report 2004 outlines ADB's efforts to become a more effective, transparent public institution by improving the management of its resources and the impact of its operations to make it a more effective, dynamic development partner. The main instruments for providing help to developing members are policy dialogue, loans, technical assistance, grants, guarantees, and equity investments. The 2004 Annual Report of the Board of Directors to the Board of Governors reviews ADB's operations, projects, internal administration, financial management, and funding. The report also contains chapters on regional highlights, economic developments and, occasionally, special themes of particular interest or topicality. The report includes the complete financial statements and opinions of the independent auditors, a statistical annex, and appendixes.