Regional: Strengthening Economic Assessment Capacity for Asia and the Pacific Region

Sovereign Project | 45158-001

Summary

Guided by Strategy 2020, the Asian Development Bank (ADB) focuses on three critical strategic agendas inclusive economic growth, environmentally sustainable growth, and regional integration to serve as a partner and agent for change in Asia and the Pacific. ADB has expanded its role as a knowledge bank, providing more advice to its member countries on critical economic issues and policies.

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Project Name Strengthening Economic Assessment Capacity for Asia and the Pacific Region
Project Number 45158-001
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7905-REG: Strengthening Economic Assessment Capacity for Asia and the Pacific Region
Technical Assistance Special Fund US$ 650,000.00
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Sector / Subsector Public sector management - Economic affairs management
Gender Equity and Mainstreaming No gender elements
Description

Guided by Strategy 2020, the Asian Development Bank (ADB) focuses on three critical strategic agendas inclusive economic growth, environmentally sustainable growth, and regional integration to serve as a partner and agent for change in Asia and the Pacific. ADB has expanded its role as a knowledge bank, providing more advice to its member countries on critical economic issues and policies.

ADB has the unique ability to contribute and apply development knowledge in developing Asia. Since early 2000s, it has taken a series of initiatives to strengthen economic assessment capacity. These include establishment of the Regional Economic Outlook Task Force in lat 2008, and macroeconomic modeling for a nmber of countries including the People's Republic of China, Pakistan, and the Philippines. With the remarkable progress in the development of economic assessment tools particularly since mid-1990s, it is time for ADB and the region's policy makers to improve its tools for short- to medium-term projections and policy evaluations. Strengthening ADB's economic assessment capacity is essential to improving the quality of ADB's flagship publication (the ADO and its update) and policy analyses, and help elevate the public's perception of ADB as a prime knowledge bank within and outside developing Asia.

This research and development technical assistance (TA) will provide ADB with robust economic assessment tools and better understanding of the short- to medium-term key macroeconomic components of the regional economy to facilitate strategic decisions that affects a wide range of economic policies.

Project Rationale and Linkage to Country/Regional Strategy An important impact of this RDTA is more effective policy advice based on tailor made projections for the developing Asian region, and hence influence the intellectual environment within which policy formulation occurs and promote ADB's reputation as an authoritative and independent source of knowledge about the region.
Impact

More effective policy advice based on enhanced economic assessment tools and tailor-made projections for developing countries in Asia and the Pacific.

Influence the intellectual environment in which policy formulation occurs and promote ADB as an authoritative and independent source of knowledge about the region.

Project Outcome
Description of Outcome Stronger economic assessment capacity of DMC officials and relevant ADB staff, and better understanding of the short- to medium-term key macroeconomic components of the regional economy to facilitate strategic decisions that affect a wide range of economic policies.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs Workshops to strengthen economic assessment capacity and development of tools for economic assessment
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 The TA will require 5 person-months of international consulting. One lead consultant (an economist) will be hired for 1 person-month to coordinate the technical aspects from conceptualization of the projection to evaluation of the economic assessments. Four consultants (economists) will be hired for 1 person-month each to conceptualize, design, and build economic assessment tools. A national consultant will be hired for 12 person-months to help with the logistics and organizational matters, and to provide research assistance.
Procurement To be determined.
Responsible ADB Officer Akiko Terada-Hagiwara
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 25 Jul 2011
Fact Finding -
MRM -
Approval 04 Nov 2011
Last Review Mission -
Last PDS Update 11 Nov 2011

TA 7905-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
04 Nov 2011 - 04 Nov 2011 30 Jun 2013 31 Mar 2015 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
650,000.00 0.00 0.00 0.00 0.00 0.00 650,000.00 04 Nov 2011 500,720.98

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Safeguard Documents

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Evaluation Documents

See also: Independent Evaluation

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