Regional : Policies to Meet Global Economic Challenges—Asia's Perspective
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).
Project Details
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Project Officer
Villafuerte, James P.
Economic Research and Regional Cooperation Department
Request for information -
Country/Economy
Regional -
Modality
-
Sector
- Public sector management
| Project Name | Policies to Meet Global Economic Challenges—Asia's Perspective | ||||
| Project Number | 45202-001 | ||||
| Country / Economy | Regional |
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| Project Status | Closed | ||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth Regional integration |
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| 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 |
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| Gender | 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 | 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 | 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 | Villafuerte, James P. |
| Responsible ADB Department | Economic Research and Regional Cooperation Department |
| Responsible ADB Division | ERCI |
| Executing Agencies |
Asian Development Bank 6 ADB Avenue, Mandaluyong City 1550, 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 2016 | 30 Aug 2018 |
| 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 | 17 Jun 2022 | 876,523.77 |
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