Role of Artificial Intelligence in Asia's Growth and Development (ADB-58354-001)

Countries
  • Armenia
  • Azerbaijan
  • Bangladesh
  • Cambodia
  • China
  • Georgia
  • India
  • Indonesia
  • Kazakhstan
  • Kyrgyzstan
  • Laos
  • Malaysia
  • Mongolia
  • Nepal
  • Pakistan
  • Philippines
  • Sri Lanka
  • Tajikistan
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam
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
Sep 18, 2024
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.
Borrower
Regional - Asian Development Bank
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Communications
  • Energy
  • Industry and Trade
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.23 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.
Project Cost (USD)
$ 0.23 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 Mar 25, 2025

Disclosed by Bank Sep 19, 2024

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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 the Bank’s website, the knowledge and support small-scale technical assistance (TA) will carry out new research and produce knowledge products that will assess the role of artificial intelligence (AI) in developing Asia's economic growth and development. AI, which leverages and builds upon digital technology, has emerged as a transformative technology that could fundamentally reshape the global economy and society. In particular, there are growing hopes that the recent advent of generative AI can lift productivity growth and promote inclusive and sustainable development. The outputs are the following: (1) assessment of DMCs' readiness for AI adoption conducted; (2) analysis of AI's contribution to economic growth and development prepared; and (3) policy recommendations and knowledge sharing promoted.

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

Technical Assistance Special Fund (grant): US$ 225,000.00


Contact Information
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No contacts available at the time of disclosure.

ACCESS TO INFORMATION

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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.

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