Regional: Developing Asia's Pension Systems: Overview and Reform Directions

Sovereign Project | 42326-012

Summary

The TA will help to produce an organized body of knowledge which informs policymakers and the general public about (1) where East and Southeast Asian pension systems are today (2) where they need to go and (3) what they need to do to get there. By creating, organizing and disseminating policy relevant knowledge about the region's pension systems, ADB can assist its DMCs to learn from the experiences of each other, and to build up pension systems which promote the inclusion of a large and growing segment of the population the elderly in the development process. East Asia's demographic realities mean that the political and economic constraints to sustaining rapid economic growth will become overwhelming in the absence of effective pension systems. Therefore, the case for pension reform is as much economic as social.

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Project Name Developing Asia's Pension Systems: Overview and Reform Directions
Project Number 42326-012
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7357-REG: Developing Asia's Pension Systems: Overview and Reform Directions
Technical Assistance Special Fund US$ 400,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector Finance - Insurance and contractual savings
Gender Equity and Mainstreaming No gender elements
Description The TA will help to produce an organized body of knowledge which informs policymakers and the general public about (1) where East and Southeast Asian pension systems are today (2) where they need to go and (3) what they need to do to get there. By creating, organizing and disseminating policy relevant knowledge about the region's pension systems, ADB can assist its DMCs to learn from the experiences of each other, and to build up pension systems which promote the inclusion of a large and growing segment of the population the elderly in the development process. East Asia's demographic realities mean that the political and economic constraints to sustaining rapid economic growth will become overwhelming in the absence of effective pension systems. Therefore, the case for pension reform is as much economic as social.
Project Rationale and Linkage to Country/Regional Strategy Rapid population ageing is bringing out the issue of old age income support to the fore throughout developing Asia. Population ageing is relatively more advanced in East and Southeast Asia than in South Asia. For this reason, the primary focus of this study will be East and Southeast Asia. Although demographic transition toward older populations is by far the most important rationale for pension reform i.e. building up pension systems capable of delivering affordable, adequate and sustainable old age income support there are other rationales as well. In particular, the weakening of informal family based old age income support has strengthened the need for effective pension systems. Broadly speaking, this TA will help to produce an organized body of knowledge which informs policymakers and the general public about (1) where East and Southeast Asian pension systems are today (2) where they need to go and (3) what they need to do to get there. By creating, organizing and disseminating policy relevant knowledge about the region s pension systems, ADB can assist its DMCs to learn from the experiences of each other, and to build up pension systems which promote the inclusion of a large and growing segment of the population the elderly in the development process. Asia s demographic realities mean that the political and economic constraints to sustaining rapid economic growth will become overwhelming in the absence of effective pension systems. Therefore, the case for pension reform is as much economic as social.
Impact Governments in East and Southeast Asian countries implement initiatives toward pension reform at the national and regional levels.
Project Outcome
Description of Outcome

Relevant pension reform lessons and examples of current good practices provided to governments and the public.

Improved understanding of the pension systems of East and Southeast Asian countries.

Progress Toward Outcome
Implementation Progress
Description of Project Outputs

A comprehensive, in-depth, policy-relevant, and high-quality book is published about Asian pensions systems and reforms covering 1) overview of pension systems of East and Southeast Asian countries; 2) country studies of national pension systems; 3) pension modeling study which provides quantitative estimates of the replacement rate; and 4) central messages and reform directions.

Inception and regional research workshops held

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services Consulting services yet to be determined.
Responsible ADB Officer Donghyun Park
Responsible ADB Department Economic Research and Regional Cooperation Department
Responsible ADB Division ERMR
Executing Agencies
Asian Development Bank6 ADB Avenue, Mandaluyong
Metro Manila, Philippines
P.O. Box 789, 1099 Manila,
Philippines
Timetable
Concept Clearance 21 Aug 2008
Fact Finding 11 Mar 2009 to 25 Mar 2009
MRM -
Approval 02 Oct 2009
Last Review Mission -
PDS Creation Date 14 Sep 2009
Last PDS Update 18 Oct 2010

TA 7357-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
02 Oct 2009 - 02 Oct 2009 31 Aug 2011 30 Dec 2012 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
400,000.00 0.00 0.00 0.00 0.00 0.00 400,000.00 02 Oct 2009 350,903.96

Safeguard Documents

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Evaluation Documents

See also: Independent Evaluation

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