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Annual Report 2002 : Operational Priorities and Performance : Thematic priorities

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Economics

Two knowledge departments of ADB—the Economics and Research Department (ERD) and the Regional Economic Monitoring Unit (REMU)—in collaboration with the regional departments, continued in 2002 to provide the analyses and understanding of economic issues necessary for developing quality projects and programs. For more information on the products of ERD and REMU, see the Knowledge and Support Activities chapter.

To further support ADB’s economics work, the Economics Committee and Network formed in early 2002 addressed issues relating to interdepartmental coordination in developing economics knowledge products, provision of economics services and collaboration, and maintenance of ADB-wide consistency in economic products and services.

In 2002, the Committee mainly provided independent assessment of, and feedback on, interregional knowledge products from ADB’s knowledge departments; checked for overlap and duplication of products; facilitated collaboration among regions addressing similar functions; and promoted consistent analytical approaches. The Committee evaluated the macroeconomic reporting being done against expected macroeconomic reporting needs. The role of the Committee is to be expanded to provide oversight of the ADB-wide 3-year rolling plan for economics knowledge products, ensuring consistency between the plan and economics knowledge product development, and to identify issues for interdepartmental discussion. Although most of the 2002 seminars on economics issues were arranged by ERD, the Economics Network also hosted seminars, including the Doha Development Round (see http://www.adb.org/Economics/pdf/doha/J_Michael_Finger.pdf).

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