Regional: Nowcasting and Disasters: Impact-Based Forecasting and Socioeconomic Monitoring
The knowledge and support technical assistance (TA) will establish a monitoring platform to assess in near-real time the economic impacts of disasters, and to trace social, environmental, and other indicators of relevance.
Economic Research and Regional Cooperation Department
Request for information
- Public sector management
|Project Name||Nowcasting and Disasters: Impact-Based Forecasting and Socioeconomic Monitoring|
|Country / Economy||Regional
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Environmentally sustainable growth
Inclusive economic growth
|Drivers of Change||Gender Equity and Mainstreaming
Governance and capacity development
|Sector / Subsector||
Public sector management / Economic affairs management
|Gender Equity and Mainstreaming||Some gender elements|
|Description||The knowledge and support technical assistance (TA) will establish a monitoring platform to assess in near-real time the economic impacts of disasters, and to trace social, environmental, and other indicators of relevance.|
|Project Rationale and Linkage to Country/Regional Strategy||Analysts and policymakers wanting to assess the socioeconomic impacts of extreme events such as disasters and economic crisis typically lack access to timely, current information. For example, there was a dearth of currently observable data upon which to assess the coronavirus disease 2019 (COVID-19) pandemic's impacts during the first weeks and months upon its appearance, other than the recorded numbers of clinically-confirmed cases and fatalities. This added to uncertainty and socioeconomic costs associated with the outbreak and stunted the effectiveness of early policy response. The same is true for disasters such as floods, droughts, and earthquakes, whose impacts are usually not assessed until long after the event, or remain entirely unknown. Also in normal times, ADB''s DMCs often have limited capacity to monitor current economic activity. ADB has been active in providing nowcasting solutions, especially to countries where gross domestic product and other core economic indicators become available only on a yearly basis, hampering timely policy interventions. This TA will enhance these efforts by establishing a data collection and monitoring platform for nowcasting and impact-based forecasting to rapidly assess socioeconomic impacts of disasters as well as baseline performance during normal times. It will also set up analytical frameworks to more accurately measure disaster impacts retrospectively.|
|Impact||Climate and disaster resilience, economic and social monitoring, and policy formulation in ADB's DMCs improved|
|Description of Outcome||Disaster impact assessments and socioeconomic monitoring capacity in ADB''s DMCs strengthened|
|Progress Toward Outcome|
|Description of Project Outputs||
State-of-the-art data collection and nowcasting technologies for contemporaneous impact assessments consolidated
Data and methods combined and calibrated for ready application to the specific circumstances of the DMCs
Retrospective impact assessments and studies accomplished
|Status of Implementation Progress (Outputs, Activities, and Issues)|
|Summary of Environmental and Social Aspects|
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|Consulting Services||ADB will engage the consultants following the ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions Firms may also be recruited, especially if necessary to access proprietary data platforms or modelling techniques and will be selected through either consultant qualification selection or direct contracting method. Since there are only a handful of firms that have highly-specialized expertise in disaster impact assessments and nowcasting using big data, and also considering that recruitment time is critical during a disaster episode, the proposed selection methods are Consultants' qualification selection and direct contracting (single-source selection). Up to 15 individual international consultants will be engaged to prepare retrospective (ex-post) studies that systemically assess the impacts of past disasters and socioeconomic shocks. One national consultant will be hired to assist with coordination on data collection and analysis. For capacity building activities, the TA will engage two or more individual international consultants to support on-site activities. ADB will engage experts, which could include ADB staff, as resource persons to produce knowledge products and facilitate workshops, trainings and conferences.|
|Procurement||The purchase of information communication technology-related equipment, supplies, econometric or statistical programs and/or software, will follow the ADB Procurement Policy (2017, as amended from time to time) and Procurement Regulations for ADB Borrowers (2017, as amended from time to time). The TA team will also consult ADB''s Information Technology Department and Office of Administrative Services in relation to the purchase of information communication technology hardware and software. Where applicable, the TA team will coordinate with ADB''s Procurement, Portfolio and Financial Management Department and Office of the General Counsel before purchasing datasets and signing data use agreements with DMC statistical agencies and third-party database providers. After the TA is completed, the TA team will dispose of any procured equipment in compliance with the project administration instructions on administering grant-financed TA projects. Disbursements under this TA will be made in accordance with ADB's Technical Assistance Disbursement Handbook (2010, as amended from time to time).|
|Responsible ADB Officer||Pundit, Madhavi|
|Responsible ADB Department||Economic Research and Regional Cooperation Department|
|Responsible ADB Division||ERMR|
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
|Concept Clearance||08 Apr 2020|
|Fact Finding||02 Mar 2020 to 02 Mar 2020|
|Approval||10 Jul 2020|
|Last Review Mission||-|
|Last PDS Update||10 Jul 2020|
|Approval||Signing Date||Effectivity Date||Closing|
|10 Jul 2020||-||10 Jul 2020||30 Jun 2023||-||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|0.00||2,000,000.00||0.00||0.00||0.00||0.00||2,000,000.00||17 Jun 2022||400,653.75|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|Title||Document Type||Document Date|
|Nowcasting and Disasters - Impact-Based Forecasting and Socioeconomic Monitoring: Technical Assistance Report||Technical Assistance Reports||Jul 2020|
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
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|Contract Title||Approval Number||Contract Date||Contractor | Address||Executing Agency||Total Contract Amount (US$)||Contract Amount Financed by ADB (US$)|
|Research and Development Technical Assistance||Technical Assistance 6536||18 Nov 2021||World Economic Research Institute (KOREA) | 43, Myeonmok-ro 40-gil, Jungnang-gu, Seoul Korea, Republic of||Asian Development Bank||182,007.00||—|
None currently available.