The purpose of Long Term Strategies, Medium Term Strategies and Business Plans, Country Strategies, and Budgets is to ensure that the purpose and functions as set forth in Article 1 and 2 of the Establishment Agreement are fully served.
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Long term strategy formulates the BSTDB's mission, vision, values, objectives and goals over the planning period and prioritizes its operational objectives in order to enhance the prospect of achieving them, while maintaining a balance of an appropriate allocation of resources.
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Medium-Term Strategy and Business Plan (MTSBP) details the Long-term strategy’s objectives and goals, and sets specific targets. It is comprised of the strategic, operational and financial plans. Its purpose is to determine financial and operational targets and standards, and monitor performances throughout the BSTDB, thus enabling Management and line managers to control and give direction to both the performance of individual departments, as well as the performance of Divisions and of the entire Bank. It is the key strategic document of BSTDB. MTSBP covers a period of four years.
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The purpose of the Country strategies is to define areas of priority action and identify needs and business opportunities with respect to the mission of the Bank over the planning period. They also include an assessment of past performance, a review of the active portfolio in the country, and an evaluation of the extent to which the targets and objectives of the previous country strategy were met.
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Short-term strategies, operational targets, work programs and financial statements are included in the Budget documentation, and are referred to thereafter as the Budget. Action plans – consisting of operational targets and work programs – detail tasks within agreed timeframes. Budgets are structured on an annual basis for the purpose of financial projections. The process serves the purpose of updating and implementing medium term strategies and reporting financial and operational results of the Bank, as appropriate, to Management, to the Board of Directors, to the Board of Governors and if required third parties.
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