According to the bank's website, "With containing COVID-19's impact becoming a top operational priority of the ADB, the proposed TA will strengthen DMCs' research capacity and knowledge on how to utilize social bond to finance disaster management and strengthen disaster resilience via mobilizing private sector resources. This TA will clarify the concept and framework of social bonds, analyze current social bond market practices and identify priority social impacts that are most relevant to developing Asia. The TA's output will serve as startup activities for further research on assessing social impacts and policy solutions for social bond market development. This TA and further studies will help all DMCs enhance their knowledge and capacity on funding their disaster-related expenditures and increase their disaster resilience by mobilizing private sector resources through capital markets."
Responsible ADB Officer Tian, Shu
Responsible ADB Department Economic Research and Regional Cooperation Department
Responsible ADB Division ERMR
Asian Development Bank
6 ADB Avenue, Mandaluyong City 1550, Philippines
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main