Asian Development Outlook 2022-2024 (ADB-55278-001)

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 22, 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 Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 3.00 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.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 14, 2023

Disclosed by Bank Sep 29, 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 proposed TA cluster will comprise 3 TA subprojects encompassing production of the 2022 to 2024 Asian Development Outlooks (ADO), ADO Updates, and ADO Supplements. These TA subprojects are chronologically sequenced. The cluster TA will support the following activities: (i) preparation of background analytical papers following the two-year rolling research plan, (ii) further development and refinement of analytical methods, (iii) drafting of ADO content, (iv) editing economic content and manuscripts, (v) preparation and laying out of materials for publication, and (vi) dissemination of key results and policy messages. In parallel, the cluster TA will support initiatives to build capacity for macroeconomic modeling and for generating growth projections and monitoring markets. The cluster TA will also undertake activities to evaluate the effectiveness of ADO outreach. ERMR will work with DOC to attempt to capture broader and more useful client feedback.

PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY

The Asian Development Outlook (ADO), one of ADB's flagship publications showcasing ADB s knowledge and expertise about the region, plays an important role in understanding such critical element for inclusive growth. This flagship report includes staff analysis of the macroeconomic prospects for all 45 of ADB s DMCs (henceforth, developing Asia) and provides insights into the current economic issues the region faces. Furthermore, in line with the 2013 staff guidelines to improve mainstreaming of inclusive growth into country partnership strategies, the theme chapters and the country chapter policy challenge sections analyze key obstacles to inclusive economic growth: (i) factors preventing productive employment generation, (ii) human development constraints, (iii) gender and other socioeconomic barriers, (iv) spatial and geographical limitations, (v) institutional and policy weaknesses, and (vi) factors preventing expansion of social protection programs.

As one of the more prominent publications carrying ADB s name, the report is an important vehicle for publicizing ADB s knowledge and expertise about the region. Its content informs Management and underpins operational decisions. Concerted effort to produce high-quality publications every year is vital to ensure its usefulness to policy makers in ADB s DMCs, ADB Management and shareholders, and researchers globally.

In 2011, ERCD (then ERD) undertook new initiatives in response to the growing demand for knowledge solutions from ADB s DMCs, knowledge-related support from within ADB, and an Asian voice in international fora. One such initiative is the formulation of a two-year rolling research plan centered on enhancing the quality of ADB s flagship publications. The extension of the research production process proved to be beneficial for the ADO as it allowed ERMR more time for in-depth analysis and rigorous peer review. The TA cluster approach is more appropriate to ensure that the two-year rolling research work will be continuously supported through timely engagement of experts and other activities.

IMPACT

Environment within which policy formulation occurs in DMCs improved

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 cluster is estimated to cost $3,000,000, which will be financed on a grant basis by ADB’s Technical Assistance Special Fund (TASF 7 for $1,500,000 and TASF-other sources for $1,500,000).


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.

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