Asian Development Outlook 2022 (ADB-55278-002)

Regions
  • East Asia and Pacific
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 25, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 1.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 1.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 14, 2023

Disclosed by Bank Nov 25, 2021


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to ADB documents, The TA subproject will support the production of the ADO 2022, one of ADB's flagship publications. It will support the following activities: (i) preparing background analytical papers following the 2-year rolling research plan, (ii) further developing and refining analytical methods, (iii) drafting of ADO content, (iv) editing economic content and manuscripts, (v) preparing and laying out of materials for publication, and (vi) disseminating key results and policy messages.

PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY

The TA subproject will support activities to produce one of ADB s flagship publications, the ADO. The ADO 's comprehensive analysis of evolving macroeconomic advances and emerging development challenges in the region helps ADB strengthen its role as a knowledge institution, and supports the knowledge and operational work of ADB s regional departments. Country chapters monitor the latest economic developments and provide a near-term outlook, which are essential in developing appropriate policy recommendations to ensure macroeconomic stability. The chapters policy challenge sections analyze key obstacles to inclusive economic growth, such as (i) factors preventing productive employment generation, (ii) human development constraints, (iii) gender and other socioeconomic and demographic barriers, (iv) spatial and geographical limitations, (v) institutional and policy weaknesses, and (vi) factors preventing expansion of social protection programs. The thematic chapters examine important development challenges for a transforming Asia and the Pacific.

The capacity of many DMCs to respond to macroeconomic and development challenges is limited by knowledge gaps. The magnitude and nature of the recent shocks hitting these economies have made it extremely hard to track the current state and future trajectory of their economies, making policymaking more difficult. For many policymakers, the issues they face lack precedents that would help them formulate sound responses. Post-COVID, the challenges of ensuring green growth, adequate education, health, and social protection, and addressing inequality also require knowledge solutions. This underscores the need for up-to-date research and comprehensive analyses of macroeconomic issues and development challenges affecting the region such as the ADO. As indicated in ADB's Strategy 2030, ADB's relevance will increasingly depend on its role as a knowledge institution, including its ability to generate solid, policy-relevant research. ADB's knowledge and research is pivotal in raising understanding and awareness about critical areas for action, supporting good policies and reform in DMCs, and in contributing to global development discussions by offering perspectives from the region

IMPACT

Debates and policy research on important development challenges facing Asia and the Pacific deepened

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The TA subproject is estimated to cost $1,000,000 which will be financed on a grant basis by ADB’s Technical Assistance Special Fund (TASF-7 for $500,000 and TASF-other sources for $500,000).


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Responsible ADB Officer Abiad, Abdul D.
Responsible ADB Department Economic Research and Regional Cooperation Department
Responsible ADB Division ERMR
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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.

How it works

How it works