Bruno Carrasco

Bruno Carrasco

Director General
Climate Change and Sustainable Development Department (CCSD)

Bruno Carrasco is Director General concurrently Chief Compliance Officer, Sustainable Development and Climate Change Department of Asian Development Bank.

Mr. Carrasco leads ADB-wide knowledge, innovation, policies and strategies in all thematic and sector operation areas and ensures compliance with environment and social safeguards policies. He oversees the administration of trust funds and global funding initiatives and provides advice to Management on strategic and policy matters, work plans, and major operational matters.

Mr. Carrasco has worked at ADB for more than 23 years and has served in countries across all of its regional departments. An expert in governance, public sector management, and economics, he was most recently Chief of ADB’s Governance Thematic Group, where he defined and sharpened ADB’s work on domestic resource mobilization, infrastructure governance, state-owned enterprise reforms, and fiscal decentralization. Mr. Carrasco has also worked at the United Nations Office for Project Services, the United Nations Development Program, and the European Central Bank.

Mr. Carrasco, a national of Spain, holds a doctorate degree in economics from the University of Essex, a master’s degree in economics from the University of British Columbia, and a bachelor’s degree in economics from the University of Montreal.


  • | Reports

    Greening the Financial System: Climate Financial Risks and How ADB Can Help

    This report outlines the opportunities for ADB and other multilateral development banks to help make financial markets in Asia and the Pacific more resilient to climate risk and support the transition to a low carbon economy.
  • | Brochures and Flyers | Sustainable Development Working Papers

    The Role of Geography in Shaping Governance Performance

    This paper demonstrates that good governance in one country can influence governance improvements in neighboring countries and highlights that regional political and economic cooperation can benefit institutional development across borders.

  • | Reports

    Strengthening India's Intergovernmental Fiscal Transfers: Learnings from the Asian Experience

    This publication assesses India’s fiscal federalism framework and recommends improvements based on learnings from the experiences of Australia, Indonesia, Japan, the People’s Republic of China, and the Republic of Korea.

  • | Papers and Briefs | South Asia Working Papers

    Fiscal Responsibility and Budget Management Act in India: A Review and Recommendations for Reform

    The paper assesses India’s experience with fiscal consolidation and performance under the Fiscal Responsibility and Budget Management (FRBM) Act.

  • | Guides | South Asia Operational Knowledge Working Papers

    A Review of Governance e-Solution Investments, 2004-2012

    This paper explains how information and communication technology applications in ADB's development projects in South Asia helped improve governance in the region while highlighting the key lessons learned from these projects.

  • | Papers and Briefs | Economics Working Papers

    Reserve Bank of India’s Policy Dilemmas: Reconciling Policy Goals in Times of Turbulence

    This paper examines some of the more critical policy dilemmas facing the Reserve Bank of India in its pursuit of stabilizing inflation and sustaining high growth.

  • | Papers and Briefs | South Asia Working Papers

    Food Price Escalation in South Asia - A Serious and Growing Concern

    South Asia is arguably the most vulnerable region to increasing food inflation given the large segment of the population living below or near the poverty line. This paper deals with the problems related to food price inflation in South Asia in a comprehensive manner. It presents an in-depth empirical analysis of the possible factors that could explain the increase in food inflation, and discusses the impact of food price inflation on poverty and macroeconomic stability in South Asia.

  • | Papers and Briefs | South Asia Working Papers

    The Global Financial Crisis: Impact on Asia and Emerging Consensus

    The financial crisis, initially traced to subprime mortgage market in the United States (US) and the resulting deleveraging process by global financial institutions involved in highly complex financial transactions, marks the first global financial crisis of the 21st century. Few countries linked to the global financial markets and international trade were spared from the sudden downturn as the financial system imploded in September 2008.

  • | Papers and Briefs | South Asia Working Papers

    The Impact of the Global Crisis on South Asia

    In South Asia, India and Sri Lanka were affected most by the global economic crisis. They initially responded to the supply shock by a combination of fiscal and monetary policies to mitigate the impact and support economic growth. Bangladesh and Sri Lanka took narrower targeted fiscal stimulus measures, but India adopted more across-the-board fiscal stimulus to support economic growth. The differences in the fiscal and monetary policy stance reflect the impact of the crisis, the assessment of the downturn, and the availability of fiscal space.

  • | Papers and Briefs | Economics Working Papers

    An Assessment of Cross-country Fiscal Consolidation

    This paper analyzes fiscal adjustment by reviewing the cross-country experience of the Organization for Economic Cooperation and Development (OECD) or mature economies, and the emerging market economies during 1970-2002.