Feature
East Asia's Growth Set to Increase to 7.2% in 2006: ADB Report
Emerging East Asia's economic growth is expected to pick up next year, helped by a turnaround in the global demand for IT products, a recovery in Japan's domestic demand, and continued strong growth in the People's Republic of China.
For more information, visit:
http://adb.org/Media/Articles/2005/9009_East_Asia_growth/default.asp
For the full report, visit:
http://aric.adb.org/aem/dec05/completereportdec05.pdf
For a copy of the report, visit:
http://adb.org/Media/Articles/2005/8997_Pakistan_assistance/default.asp
Financial & Economic News
The Region
East Asia's Economic Growth set for 7.2% in 2006: ADB December Report
http://aric.adb.org/aem/dec05/completereportdec05.pdf
Koizumi upbeat as East Asia Meet Closes
http://www.asahi.com/english/Herald-asahi/TKY200512150154.html
What Asia's Economic Powerhouses Want
http://www.nst.com.my/Current_News/NST/Tuesday/Frontpage/
20051213083843/Article/indexb_html
China, People's Republic of
China Restates Yuan to Rise Gradually
http://news.xinhuanet.com/english/2005-12/13/content_3913420.htm
Investment Surge Raises Wen Stakes
http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=7991&sid=5930396&con_type=1&d_str=20051216
China Reports Another Human Bird Flu Case
http://today.reuters.co.uk/news/newsArticle.aspx?type=globalNews
&storyID=2005-12-15T175036Z_01_SIB556676_RTRUKOC_0_US-BIRDFLU-CHINA.xml
Increase in Trade Surplus Inevitable, claims Official
http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=7709&sid=5879691&con_type=1&d_str=20051213
India
GDP Set to Grow at 7.6% in FY06
http://economictimes.indiatimes.com/articleshow/1331125.cms
France Woos More Indian Investors
http://www.thehindubusinessline.com/2005/12/19/stories/2005121902530300.htm
ADB to Lend $2.6 bn to India in '08
http://economictimes.indiatimes.com/articleshow/1332981.cms
Indonesia
Economic Growth Rate Projected at 6% in 2006
http://www.antara.co.id/en/seenws/index.php?id=7643
Carmakers Expect Sluggish Indonesia Market
http://news.xinhuanet.com/english/2005-12/13/content_3914776.htm
Indonesia to Cooperate with UN to Eliminate Bird Flu
http://news.xinhuanet.com/english/2005-12/14/content_3921462.htm
Philippines
Peso World's Best Performing Currency in 2005, says BSP
http://money.inq7.net/topstories/view_topstories.php
?yyyy=2005&mon=12&dd=16&file=3
Foreign Investments Jump 69% to 812M
http://money.inq7.net/topstories/view_topstories.php
?yyyy=2005&mon=12&dd=14&file=1
Teves: Can't Say if Moody's will Raise Rating Outlook
http://money.inq7.net/topstories/view_topstories.php
?yyyy=2005&mon=12&dd=13&file=3
Sri Lanka
Iran Ready to Expand Economic Ties with Sri Lanka
http://www.colombopage.com/archive/December18134150JV.html
Sri Lanka Exports up 4.3% on Year at $607 Million
http://www.thebusinessonline.com/DJStory.aspx?DJStoryID=20051214DN002555
Inside ADB
ADB Seeks Civil Society Feedback on Water Operations
ADB Manila is hosted more than 40 representatives of civil society groups last week for the final consultation of the 2005 Comprehensive Water Policy Implementation Review.
Robert J. Dobias, a Director in ADB's Regional and Sustainable Development Department points to the increasing trend toward civil society participation in ADB operations, "in the mid-1990s, less than one in three loan projects had some level of civil society organization participation. By 2004, that had increased to two in every three loan projects. Civil society organizations have increasingly played key roles in policy dialogues and development, contributing to ADB country strategy and programs as well as loan projects and other business."
For more information, visit:
http://adb.org/Media/Articles/2005/8835_regional_water/default.asp
For information on the review process, visit:
http://www.adb.org/Water/Policy/review-draft-paper.asp
ADB Grant to Help Restore Microenterprises in Tsunami-Hit Aceh and Nias
About 80,000 businesses are estimated to have been lost to the tsunami, leaving not only massive job losses but the supporting financial infrastructure also severely damaged. A grant of $2 million, financed by the government of Japan will help restore microenterprises and support microfinance institutions.
For more information, visit:
http://adb.org/Media/Articles/2005/8951_Indonesia_microenterprise/default.asp
More than $1.3 Billion in Assistance to Pakistan
ADB approved assistance totaling US$1.33 billion, including $300 million in grants and loans for reconstruction of areas worst hit by the October earthquake; up to $770 million for a new financing product and a $3 million loan to promote highway development; $60 million in loans to clean up the urban environment for 1.4 million people in Rawalpindi, Punjab; and a $200 million loan for the second phase of a resource management program in Punjab.
For more information, visit:
http://adb.org/Media/Articles/2005/8997_Pakistan_assistance/default.asp
Project Update
ADB and IFPRI Assess Impact of Natural Resource Public Investments on Rural Livelihoods in the PRC
The loss of critical natural resources - such as land, water, and soil - carries a high cost for countries around the world. These costs carry an even higher price, especially in the rural western section of the People's Republic of China as they threaten not only to diminish environmental conditions but also slow down agricultural growth and heighten rural poverty.
To read the full article, visit:
http://adb.org/Documents/Periodicals/NARO/2ndhalf2005.pdf#page=4
Results Matter: Ideas and Experiences on Managing for Development Results
World Bank's Results Focus in Country Assistance Strategies: A Stock-Taking of Results Based CASs
A results-based CAS is a country assistance strategy that contains a strong orientation towards achieving realistic outcomes and a results-oriented monitoring and evaluation system. This new approach is expected to create a better strategy, with higher chances of success and greater development effectiveness. The results approach is intended to both demonstrate results (since outcomes are defined up front) and improve results (since CAS design allows for monitoring and revisions along the way). CAS results are selected during CAS design, tracked during implementation, and evaluated at the end of the CAS period.
For more information:
http://www-wds.worldbank.org/servlet/WDS_IBank_Servlet?pcont=details&eid=000090341_20050224111625
Feature Publication
Curbing Corruption in Tsunami Relief Operations
In response to the growing concerns about corruption in tsunami relief operations, the ADB/OECD Anti-Corruption Initiative for Asia-Pacific and Transparency International organized an expert's meeting on corruption prevention in tsunami relief operations hosted by the Government of Indonesia held in Jakarta on 7-8 April 2005. The meeting brought together the six worst-hit-countries--India, Indonesia, Malaysia, Maldives, Sri Lanka, and Thailand.
This publication assembles the meeting's issue papers and conclusions, providing a useful resource for the wide range of individuals and organizations working to ensure equitable tsunami assistance.
To download the full publication:
http://www.adb.org/Documents/Books/Curbing-Corruption-Tsunami-Relief/default.asp
Employment
Opportunities
http://www.adb.org/Opportunities/default.asp
Events
In North America
http://www.adb.org/NARO/events.asp
Events In Asia
& The Pacific & Europe
http://www.adb.org/News/calendar.asp
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