Project Name
Asian Development Outlook 2024
Project Number
55278-004
Country / Economy
  • Regional
Project Status
Active
Project Type / Modality of Assistance
  • Technical Assistance
Source of Funding / Amount
TA 10170-REG: Asian Development Outlook 2024
Source Amount
Technical Assistance Special Fund US$ 1.00 million
Operational Priorities
  • OP2: Accelerating progress in gender equality
  • OP5: Promoting rural development and food security
  • OP6: Strengthening governance and institutional capacity
Sector / Subsector
  • Multisector / ADB's corporate management, policy and strategy development

Gender
Some gender elements
Description
The TA subproject will support the production of the ADO 2023, one of ADB's flagship publications. It will support the following activities: (i) preparing background analytical papers following the 2-year rolling research plan, (ii) further developing and refining analytical methods, (iii) drafting of ADO content, (iv) editing economic content and manuscripts, (v) preparing and laying out of materials for publication, and (vi) disseminating key results and policy messages.
Project Rationale and Linkage to Country/Regional Strategy

The TA subproject will support activities to produce one of ADB s flagship publications, the ADO. The ADO 's comprehensive analysis of evolving macroeconomic advances and emerging development challenges in the region helps ADB strengthen its role as a knowledge institution, and supports the knowledge and operational work of ADB s regional departments. Country chapters monitor the latest economic developments and provide a near-term outlook, which are essential in developing appropriate policy recommendations to ensure macroeconomic stability. The chapters policy challenge sections analyze key obstacles to inclusive economic growth, such as (i) factors preventing productive employment generation, (ii) human development constraints, (iii) gender and other socioeconomic and demographic barriers, (iv) spatial and geographical limitations, (v) institutional and policy weaknesses, and (vi) factors preventing expansion of social protection programs. The thematic chapters examine important development challenges for a transforming Asia and the Pacific.

The capacity of many DMCs to respond to macroeconomic and development challenges is limited by knowledge gaps. The magnitude and nature of the recent shocks hitting these economies have made it extremely hard to track the current state and future trajectory of their economies, making policymaking more difficult. For many policymakers, the issues they face lack precedents that would help them formulate sound responses. Post-COVID, the challenges of ensuring green growth, adequate education, health, and social protection, and addressing inequality also require knowledge solutions. This underscores the need for up-to-date research and comprehensive analyses of macroeconomic issues and development challenges affecting the region such as the ADO. As indicated in ADB's Strategy 2030, ADB s relevance will increasingly depend on its role as a knowledge institution, including its ability to generate solid, policy-relevant research. ADB's knowledge and research is pivotal in raising understanding and awareness about critical areas for action, supporting good policies and reform in DMCs, and in contributing to global development discussions by offering perspectives from the region.

Impact

Policy discussions and research on challenges facing developing Asia deepened.

Project Outcome

Description of Outcome

ADO content informs policy discussions by ADB and officials, views of the public, and analysis of researchers

Progress Toward Outcome

Implementation Progress

Description of Project Outputs

ADO reports disseminated in 2024

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Regional

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
Individual consultants and resource persons will be recruited through individual consultant selection or framework agreements wherein shortlisted consultants may be hired as needed for the duration of the agreement (as may be appropriate) to provide international and national consulting. The TA subproject will require international consultancy from economists and sector specialists who will prepare background papers and analyses supporting the ADR or topics related to the outlook. International economic advisory and editing consultants will be required for the economic and technical editing of ADO manuscripts before final publication. National economics consultants and research assistants will be required to assist with data management and to conduct research on a particular topic. ADB will engage resource persons for a maximum of 33 working days to conduct training on macroeconomics and economic forecasting, serve as discussants during workshops, peer review papers, and serve as technical experts on short-term assignments. Contracts for consulting services will consist of output-based, lump-sum, time-based or framework contracts, as appropriate. ADB will engage consultants and resource persons as individuals to ensure that individuals with the requisite experience and qualifications are recruited. The ADO covers a wide range of topics, and highly qualified consultants with expertise relevant to ADO requirements will most likely be associated with various research institutions, think tanks, and universities. Further, the TA subproject will require rapid mobilization of the editorial consultants. The consultants will be engaged following the ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions.
Procurement
ERCD will procure ICT-related equipment and/or supplies, subscriptions to third-party databases, and statistical software under the TA as needed and in coordination with the Information Technology Department and Corporate Services Department. Procurement will follow the ADB Procurement Policy (2017, as amended from time to time). Procurement Plan is accessible from the list of linked documents in Appendix 3. Disbursements under the TA will be made in accordance with ADB's Technical Assistance Disbursement Handbook (2020, as amended from time to time).

Contact

Responsible ADB Officer
Abiad, Abdul D.
Responsible ADB Department
Economic Research and Development Impact Department
Responsible ADB Division
Macroeconomics Research Division (ERMR)
Executing Agencies
Asian Development Bank

Timetable

Concept Clearance
-
Fact Finding
15 Aug 2023 to 15 Aug 2023
MRM
-
Approval
31 Oct 2023
Last Review Mission
-
Last PDS Update
05 Oct 2023

Funding

TA 10170-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
31 Oct 2023 - 31 Oct 2023 31 Dec 2025 - -
Financing Plan/TA Utilization
ADB Cofinancing Counterpart Total
Gov Beneficiaries Project Sponsor Others
1,000,000.00 0.00 0.00 0.00 0.00 0.00 1,000,000.00
Cumulative Disbursements
Date Amount
14 Jun 2024 282,638.65
 
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Source URL: https://www.adb.org/projects/55278-004/main