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SPOTLIGHT
Slowdown in Growth, Difficult Year Ahead for Developing Asia, says ADB
 Economic growth in developing Asia will slow to 5.8% in 2009, down from a likely 6.9% in 2008 and 9% in 2007, as the impact of the global financial crisis spreads to emerging markets, says a new report from the ADB. With the global economy facing a major downturn, the region's economic resilience will be tested by weakening exports and a sharp slowdown of private capital flows, according to the December issue of Asia Economic Monitor (AEM) and a special note. "2009 is likely to be a difficult year for developing Asia but it will be manageable if countries respond decisively and collectively," says Jong-Wha Lee, Head of ADB's Office of Regional Economic Integration (OREI). Read the news release.
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President Kuroda Opens 27th Field Office in Armenia
On November 18, the President officially opened the newest resident mission in Yerevan, Armenia. The opening was attended by the Prime Minister Tigran Sargsyan and ADB Governor/Minister of Economy. Read the President's speech. Read the news release. On ADB and Armenia.
ADB Commences Future Carbon Fund
 ADB has received financing commitments of over $100 million for a new post-2012 carbon fund and will commence its operations in January. In addition to its founding public sector partners, the ADB is seeking further participation from private businesses. The ADB-administered Future Carbon Fund aims to provide up to $200 million to help finance renewable energy, energy efficiency and other greenhouse gas (GHG) mitigation projects undertaken in its developing member countries.
At present, the Kyoto Protocol provides an international framework for reducing GHG emissions and for the trading of carbon credits. However, the current commitment period expires in December 2012, creating a cloud of uncertainty over future investments. By making upfront payments to developers at the outset of a project for carbon credits generated after 2012, the Fund will help reduce the initial heavy capital constraints involved in projects and stimulate new investment. Read the news release.
Departmental realignments
ADB management has approved the establishment of a Climate Change Program Coordination Unit in RSDD and its link to the realigned work units within RSDD; realignment of divisions in CWRD and in SERD for improved focus and support to Strategy 2020 and for more balanced division size and workloads; and establishment of a Private Sector Operations Coordination Division, which will address challenges in interdepartmental coordination and support, development effectiveness, and quality control. Several division names will be changed to improve clarity and better reflect the work performed. All changes are effective 1 January 2009.
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Recent Events
School visits;
December 3
Hosei University (Special Lecture)
 RDG, JRO Kuniki Nakamori visited Hosei University* to give a presentation on ADB and Asia at a special lecture to promote understanding and knowledge on ADB's activities in the Asia and the Pacific region for students.
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December 10
Meiji University (Seminar on Working at International Organizations)
JRO's liaison Specialist Shunichi Hinata visited Meiji University* to give a presentation on ADB with its organization, role and recruitment system for students who are interested in working at international organizations.
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 December 13
Kwansei Gakuin University Career Forum 2008 (Hyogo)
JRO's liaison Specialist Shunichi Hinata visited Kwansei Gakuin University* among other international organizations to attend the career forum which was the fourth time. At the seminar*, he gave a presentation on ADB for students, parents and people in local community in order to improve the profile of ADB.
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 December 20-21
One World Festival (Osaka)
JRO staff joined the One World Festival* which was held at the International House in the central Osaka. JRO, in collaboration with the IMF Office and the World Bank Office in Tokyo, made a presentation and discussion as a career seminar to many passionate Osakans and other local people of neighbouring prefectures.
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 In a remote commune of Chhouk Sar, some 65 kilometers north of Phnom Penh, 14-year-old Lach Chat takes his place among other students in one of five classrooms housed inside a brand new school building. The new school, called Chhouk Sar Lower Secondary School, built as part of the Second Education Sector Development Project supported by a US$25 million soft loan from the ADF, is helping keep these children in school so that they can fulfill their dreams. This is one of 215 lower secondary schools built under the project, which began in 2005.
"Before we built this school, students dropped out after they finished primary school because the nearest lower secondary school was about eight kilometers from their homes. So they just stopped studying," said an official of the district education office of Kampong Chhnang. With few families in the 14-village commune able to afford bicycles for their children, up to 60% to 70% of students dropped out after primary school. "After this new school was built, nearly 100% of the students continue in lower secondary school. The people here do not want their children to go very far from their homes because they want to keep them close to them. It is traditional among the people," he said.
 Cambodia's rapidly growing urban economy coupled with the continuing dominance of agriculture as the country's primary employer creates a dual challenge for the government in meeting the emerging demand for a qualified, skilled, and competitive work force while bridging disparities in access to education. Despite improvements in education sector in the last decade, problems persist stemming mainly from lack of facilities in the poorest and most remote areas. The project,
which ends in 2010, aims to improve access to formal education for some 4.2 million children and provide skills training to a projected 3.3 million underemployed youths.
At the same time, however, Chean Socheat, second deputy commune chief of Chhouk Sar, remains acutely aware of what remains to be done. "Next year there will be more (students) and that will cause a lot of problems. With 2008 comes a new academic year, and we hope that donors like ADB will help push through with another school building to meet demand."
Learn more about this project.
Learn more about ADB office in this country. |
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Urban Development Experience and Visions - India and the People's Republic of China
This report summarizes the discussions that took place in November 2007 at the workshop held in the People's Republic of China on Urban Development Experience of the PRC and India with Private Sector Participation. At the workshop, which was sponsored by ADB, high-level officials of central, state, and municipal governments from India shared the vision and experience of the two countries. Particular emphasis was given to the role of the private sector in the provision of urban infrastructure and services.
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Other ADB Publications
- For further inquiries about ADB publications, please e-mail to Keiko Kawazu at JRO: kkawazu@adb.org
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