• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Managing Editor: Ms. Shira. W. Lu
    • Abstracting/ Indexing:  Crossref, Electronic Journals Library , EBSCO
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HOME > Archive > 2024 > Volume 15 Number 1 (2024) >
IJTEF 2024 Vol.15(1): 20-29
DOI: 10.18178/ijtef.2024.15.1.765

Performance Evaluation of Asian Development Bank Loan Project in Indonesia

Yanhong Chen* and Maya Karina
Xiamen University of Technology, Xiamen, Fujian, China, 361024
Email: amber@126.com(Y.H.C.); mk036056@gmail.com(M.K.)
*Corresponding author

Manuscript received May 17, 2023, revised September 29, 2023, accepted October 20, 2023; published February 20, 2024

Abstract—The Asian Development Bank is an international development financial institution initiated and established by developed countries, and its development experience does not necessarily suit the history and reality of developing countries. As a developing member country (DMC), Indonesia, as a beneficiary country, needs to study the specific performance of the loan projects financed by the Asian Development Bank by itself. This study adjusts the performance evaluation system of the Asian Development Bank from the perspective of the projects funded by ADB. Specifically, 20 experts are invited to give weight to the evaluation indicators by using the Analytic Hierarchy Process (AHP) and the Fuzzy Analytic Hierarchy Process (FAHP). And at the same time, changed rating value and rating number in the assessment scale, allowing a new assessment system to be constructed. Then, 102 respondents (project users) from Indonesia were asked to use this adjusted evaluation system to rate Project A and Project B from different industries respectively, and the comprehensive evaluation score of the two projects was calculated by the Fuzzy Comprehensive Evaluation method. Finally, this study compares and discusses the similarities and differences of the two evaluation processes of AHP and FAHP and compares the different results of the two projects in the evaluation process and summarizes the significance of the above results to the project (company) and the industry development of the beneficiary country. The evaluation process in this study is described by qualitative methods and quantitative methods as results, based on the percentage of Asian Development Bank's evaluation options, to provide more specific and richer research results for the project evaluations conducted.

Keywords—performance evaluation, Asian Development Bank, analytic hierarchy process, FAHP, fuzzy comprehensive evaluation, Indonesia

Cite: Yanhong Chen and Maya Karina, " Performance Evaluation of Asian Development Bank Loan Project in Indonesia," International Journal of Trade, Economics and Finance vol.15, no.1, pp. 20-29, 2024.


Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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