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Strategy 2030 of the Asian Development Bank (ADB) recognizes the “increasingly diversified and sophisticated” needs of its clients. The bank commits to “customizing its approach to meet the varying needs of its diverse client base” and “supporting innovative financial products and facilitating a culture of innovation and responsiveness to changing client needs.” ADB Client Perceptions Survey 2020 probes on these evolving needs and whether ADB is meeting them. Respondents represent more than 40 countries in Asia and the Pacific, and more than 20 in other regions. Key findings reveal high level of familiarity with ADB together with a positive trend in the overall usefulness of ADB knowledge products, and services. Conversely, responsiveness and collaboration with developing partners necessitates for improvement.
The ADB Perceptions Survey 2020 seeks to determine whether ADB is meeting the evolving needs of its developing member countries on providing innovative and client-centered financial and knowledge products and services. This publication presents the results gathered from survey respondents representing more than 40 countries in Asia and the Pacific, and more than 20 in other regions. Key findings reveal high level of familiarity with ADB together with a positive trend in the overall usefulness of ADB knowledge products, and services. Conversely, responsiveness and collaboration with developing partners necessitates for improvement.
The 2012 Asian Development Bank (ADB) Perceptions Survey gauges and tracks stakeholders' perceptions of ADB's mission to help reduce poverty and contribute to development in Asia and the Pacific. The survey, the third of its kind since 2006, was carried out among 900 opinion leaders in 31 member countries, drawn from a broad cross section of stakeholders in government, media, civil society, academia, the private sector, and development partners. Key findings of the survey reveal that stakeholders continue to strongly acknowledge ADB's impact on development. Majority of stakeholders also view ADB as a trusted, reliable, and competent organization with excellent knowledge of the region.
The 2013 Development Effectiveness Review (DEfR) is the seventh annual performance review of the Asian Development Bank (ADB) and the first to apply the revised corporate results framework. The DEfR uses the 89 performance indicators of the revised framework to assess progress in implementing Strategy 2020, ADB's long-term strategic framework. It evaluates ADB's strengths and identifies areas where performance needs to be improved. The findings of the 2013 DEfR will inform actions to improve ADB's performance.
Asia proved resilient to the effects of the 2008-2009 global financial crisis, but sustaining rapid growth became more difficult afterward. Development challenges intensified, the global development agenda became more ambitious, and new sources of development finance emerged. This volume shows how the Asian Development Bank (ADB) continued to reform in order to meet these challenges. A new long-term strategic framework, Strategy 2020, was launched in 2008, to respond to the changing needs of the region. A midterm review of Strategy 2020 was released in 2014, further refining and adjusting priorities in order for ADB to remain relevant and responsive to borrowers. Various organizational changes were introduced, internal business processes were improved, and several new instruments were adopted as part of ADB's efforts to become "stronger, better, faster." ADB's lending capacity expanded significantly, with the fifth general capital increase in 2009, followed by the unique and groundbreaking combination of the Asian Development Fund portfolio with the ordinary capital resources balance sheet approved in 2015. Lending reached record levels in 2015 and 2016, exceeding the earlier spike in 2009 when ADB had responded to the needs of countries affected by the global economic crisis. ADB also enhanced its accountability and results orientation, becoming the first multilateral development bank to adopt a corporate results framework in 2008.
After a disappointing 2019, growth prospects in developing Asia have worsened under the impact of the current health crisis. Signs of incipient recovery near the turn of this year were quickly overthrown as COVID-19 broke out in January 2020 in the region’s largest economy and subsequently expanded into a global pandemic. Disruption to regional and global supply chains, trade, and tourism, and the continued spread of the outbreak, leave the region reeling under massive economic shocks and financial turmoil. Across Asia, the authorities are responding with policies to contain the outbreak, facilitate medical interventions, and support vulnerable businesses and households. Assuming that the outbreak is contained this year, growth is expected to recover in 2021. Especially to face down fundamental threats such as the current medical emergency, innovation is critical to growth and development. As some economies in developing Asia challenge the innovation frontier, many others lag. More and better innovation is needed in the region to sustain growth that is more inclusive and environmentally sustainable. Five key drivers of innovation are sound education, productive entrepreneurship, high-quality institutions, efficient financial systems, and dynamic cities that excite knowledge exchange. The journey to creating an innovative society takes long-term commitment and hard work.
Against the backdrop of the global financial crisis and rising food, fuel, and commodity prices, addressing poverty and inequality in the Philippines remains a challenge. The proportion of households living below the official poverty line has declined slowly and unevenly in the past four decades, and poverty reduction has been much slower than in neighboring countries such as the People's Republic of China, Indonesia, Thailand, and Viet Nam. Economic growth has gone through boom and bust cycles, and recent episodes of moderate economic expansion have had limited impact on the poor. Great inequality across income brackets, regions, and sectors, as well as unmanaged population growth, are considered some of the key factors constraining poverty reduction efforts. This publication analyzes the causes of poverty and recommends ways to accelerate poverty reduction and achieve more inclusive growth. it also provides an overview of current government responses, strategies, and achievements in the fight against poverty and identifies and prioritizes future needs and interventions. The analysis is based on current literature and the latest available data, including the 2006 Family Income and Expenditure Survey.
Project economic analysis is a tool used by the Asian Development Bank (ADB) to ensure that ADB operations comply with its Charter. The guidelines in this publication are a revised version of the 1997 edition. The revision responds to the changing development context and ADB operational priorities, and aims to address the recommendations of the ADB Quality-at-Entry Assessments for more methodological work on project economic analysis. The revised guidelines provide general principles for the conduct of project economic analysis, and should be read together with handbooks, technical reports, and other reference materials published by ADB dealing with sector-specific project economic analysis in detail.
This book is a history of the Asian Development Bank (ADB), a multilateral development bank established 50 years ago to serve Asia and the Pacific. Focusing on the region’s economic development, the evolution of the international development agenda, and the story of ADB itself, this book raises several key questions: What are the outstanding features of regional development to which ADB had to respond? How has the bank grown and evolved in changing circumstances? How did ADB’s successive leaders promote reforms while preserving continuity with the efforts of their predecessors? ADB has played an important role in the transformation of Asia and the Pacific the past 50 years. As ADB continues to evolve and adapt to the region’s changing development landscape, the experiences highlighted in this book can provide valuable insight on how best to serve Asia and the Pacific in the future.