Regional: Policies to Meet Global Economic Challenges—Asia's Perspective

Sovereign Project | 45202-001

Summary

This technical assistance (TA) will increase the capacity of Asia's policy makers (and their constituents) to contribute to and participate constructively in international dialogue on the policies needed to meet global economic challenges. The TA will provide Asia's policy makers and the public with expert analysis and proposals on critical issues challenging economies at the global, regional, and national level. These analyses and proposals, crafted from a regional perspective, will focus on issues pertaining specifically to the needs of Asian economies, while at the same time considering the region's increasing links with the global economy. The TA will provide inputs to forum discussions such as the Group of Twenty (G-20), Association of Southeast Asian Nations (ASEAN), ASEAN+3, East Asia Summit, and Asia-Pacific Economic Cooperation (APEC), as well as to country-level discussions in developing member countries of the Asian Development Bank (ADB).

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Project Name Policies to Meet Global Economic Challenges—Asia's Perspective
Project Number 45202-001
Country Regional
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7876-REG: Policies to Meet Global Economic Challenges - Asia's Perspective
Technical Assistance Special Fund US$ 1.25 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Regional integration
Drivers of Change
Sector / Subsector

Energy - Energy efficiency and conservation

Finance - Finance sector development

Industry and trade - Industry and trade sector development

Public sector management - Economic affairs management

Gender Equity and Mainstreaming No gender elements
Description This technical assistance (TA) will increase the capacity of Asia's policy makers (and their constituents) to contribute to and participate constructively in international dialogue on the policies needed to meet global economic challenges. The TA will provide Asia's policy makers and the public with expert analysis and proposals on critical issues challenging economies at the global, regional, and national level. These analyses and proposals, crafted from a regional perspective, will focus on issues pertaining specifically to the needs of Asian economies, while at the same time considering the region's increasing links with the global economy. The TA will provide inputs to forum discussions such as the Group of Twenty (G-20), Association of Southeast Asian Nations (ASEAN), ASEAN+3, East Asia Summit, and Asia-Pacific Economic Cooperation (APEC), as well as to country-level discussions in developing member countries of the Asian Development Bank (ADB). It will also provide Asia with policy proposals for collective action, thus promoting regional cooperation. By assembling a broad and diverse group of experts steered by a prominent research institute, the TA will be able to foster intellectual dialogue and debate on policies to meet critical global economic challenges, and therefore better inform policy makers and the public.
Project Rationale and Linkage to Country/Regional Strategy Developing Asia led the world recovery from the 2008/2009 global financial crisis. Asia's economic growth rebounded strongly and has remained robust since 2010. In contrast, the sluggish economic recovery and problems faced in advanced economies--earthquake-ravaged Japan, the fiscal conundrum in the United States, and the worsening eurozone sovereign debt crisis--have unsettled markets and increased uncertainty over the economic prognosis in the medium term. Moreover, on its current trajectory Asia's growth could result in Asia generating more than half of global output by 2050 and boosting current living standards in Asia six-fold. In short, as the economic focus shifts toward Asia, so too will global voice and influence. Asia must assume greater responsibility in helping to manage change in a new world economic order. To do this, and to sustain economic growth and development both globally and regionally, Asia needs to define, clarify, and substantiate its position on a multitude of issues on the international policy agenda.
Impact Enhanced contribution of Asia's policy makers to global policymaking by increasing the region's stakeholders' awareness and understanding of critical issues that challenge the global economy, and the impacts they have on individual Asian economies
Project Outcome
Description of Outcome Enhanced policy discussions on critical issues challenging the economy at the global, regional and national levels to sustain economic growth and development in Asia
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Commissioned policy background papers and a group report based on the outcome of the annual meetings

Meetings of the IPAG

IPAG website, containing meeting information, reports, background papers and other related materials

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 1 firm, 12 international consultants (1 Executive Secretary of IPAG and Economist, 9 Economists and Members of IPAG, 1 Economist and Editor, 1 Copy Editor), 4 national consultants (1 Research Associate, 1 Events Coordinator, 1 Web Designer, 1 Typesetter) and 10 Resource persons.
Procurement To be determined.
Responsible ADB Officer James Villafuerte
Responsible ADB Department Economic Research and Regional Cooperation Department
Responsible ADB Division Office of the Chief Economist, ERD
Executing Agencies
Asian Development Bank6 ADB Avenue, Mandaluyong
Metro Manila, Philippines
P.O. Box 789, 1099 Manila,
Philippines
Timetable
Concept Clearance 10 Aug 2011
Fact Finding 04 Aug 2011 to 04 Aug 2011
MRM -
Approval 03 Oct 2011
Last Review Mission -
Last PDS Update 10 Aug 2011

TA 7876-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
03 Oct 2011 - 03 Oct 2011 31 Mar 2014 31 Dec 2015 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,245,000.00 0.00 0.00 0.00 0.00 0.00 1,245,000.00 03 Oct 2011 474,963.23

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