The Asian Development Bank's Annual Report 2005 takes a fresh approach to presenting the year's activities. As part of ADB's efforts to become a more effective and transparent public institution, the report focuses on results and provides examples of the ways ADB is improving lives in Asia and the Pacific. The 2005 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 and economic developments. The report includes the complete financial statements and opinions of the independent auditors, a statistical annex, and appendixes.