Asia Archive

  • Lack of access to modern energy services is keeping tens of millions of people in poverty and poor health across Asia and the Pacific region, the majority of them women, the United Nations told a regional energy policymakers’ meeting here. As they cope with high international oil prices that led to an increase in poverty in the region last year, Asia-Pacific countries must ensure that national energy policies aim to universalize access to clean and efficient energy services, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said. “Ensuring access to modern energy services, doubling the rate of improvement in energy efficiency and doubling the share of renewable energy can revitalize the regional economy, combat climate change and go a long way toward ensuring equal opportunity for all,” Rae Kwon Chung, Director, Environment and Development Division, ESCAP told the Expert Group Meeting on Sustainable Energy Development […]

    Universal access to clean, efficient energy is vital for poverty reduction,

    Lack of access to modern energy services is keeping tens of millions of people in poverty and poor health across Asia and the Pacific region, the majority of them women, the United Nations told a regional energy policymakers’ meeting here. As they cope with high international oil prices that led to an increase in poverty in the region last year, Asia-Pacific countries must ensure that national energy policies aim to universalize access to clean and efficient energy services, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said. “Ensuring access to modern energy services, doubling the rate of improvement in energy efficiency and doubling the share of renewable energy can revitalize the regional economy, combat climate change and go a long way toward ensuring equal opportunity for all,” Rae Kwon Chung, Director, Environment and Development Division, ESCAP told the Expert Group Meeting on Sustainable Energy Development […]

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  • ADB is helping developing countries shift to low-carbon growth and protect those most vulnerable against the expected impacts of climate change. ADB’s long-term strategic framework for 2008-2020 (Strategy 2020) makes tackling climate change part of our core operations. ADB is supporting a comprehensive program of assistance to developing member countries for climate change mitigation and adaptation measures, and mainstreaming of climate change considerations into ADB operations. http://www.adb.org/Documents/Brochures/InFocus/climate-change.asp

    Climate Change and Asian Development Bank

    ADB is helping developing countries shift to low-carbon growth and protect those most vulnerable against the expected impacts of climate change. ADB’s long-term strategic framework for 2008-2020 (Strategy 2020) makes tackling climate change part of our core operations. ADB is supporting a comprehensive program of assistance to developing member countries for climate change mitigation and adaptation measures, and mainstreaming of climate change considerations into ADB operations. http://www.adb.org/Documents/Brochures/InFocus/climate-change.asp

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  • ADB has begun implementing sweeping new changes to the way it does business to improve the quality and responsiveness of its work. Starting this January, business processes are being streamlined to make them more efficient, to lower transaction costs, and to enable ADB to respond swiftly to client needs. The improvements will help ADB realize the development goals laid out under its long term strategic framework, Strategy 2020, in order to achieve its overarching vision of a region free of poverty. http://www.adb.org/article.asp?id=13133

    ADB Strengthens Business Processes to Boost Quality, Responsiveness of Work

    ADB has begun implementing sweeping new changes to the way it does business to improve the quality and responsiveness of its work. Starting this January, business processes are being streamlined to make them more efficient, to lower transaction costs, and to enable ADB to respond swiftly to client needs. The improvements will help ADB realize the development goals laid out under its long term strategic framework, Strategy 2020, in order to achieve its overarching vision of a region free of poverty. http://www.adb.org/article.asp?id=13133

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  • Creating the conditions for good jobs and, more importantly, social protection programs for those unable to find decent work is an urgent priority for governments in Asia and the Pacific, Asian Development Bank (ADB) Vice President Ursula Schaefer-Preuss told a conference in Ha Noi, Viet Nam. Speaking at the conclusion of a three-day conference titled ”The Impact of the Global Economic Slowdown on Poverty and Sustainable Development in Asia and the Pacific,” Ms. Schaefer-Preuss said that the recent global economic downturn has cut demand for the exports on which the region’s economies depend, forcing job cuts in many of the industries that send their goods overseas and slashing the incomes of thousands of people in the region. Many may struggle to find alternative employment. ”Before the crisis – in the context of high growth rates – only about half of the region’s young labor entrants could find decent jobs, while […]

    Asia must promote employment, support those without decent jobs, ADB says

    Creating the conditions for good jobs and, more importantly, social protection programs for those unable to find decent work is an urgent priority for governments in Asia and the Pacific, Asian Development Bank (ADB) Vice President Ursula Schaefer-Preuss told a conference in Ha Noi, Viet Nam. Speaking at the conclusion of a three-day conference titled ”The Impact of the Global Economic Slowdown on Poverty and Sustainable Development in Asia and the Pacific,” Ms. Schaefer-Preuss said that the recent global economic downturn has cut demand for the exports on which the region’s economies depend, forcing job cuts in many of the industries that send their goods overseas and slashing the incomes of thousands of people in the region. Many may struggle to find alternative employment. ”Before the crisis – in the context of high growth rates – only about half of the region’s young labor entrants could find decent jobs, while […]

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  • Developing Asia’s economic growth will slow in 2009 to its most sluggish pace since the 1997/1998 Asian financial crisis, the Asian Development Bank (ADB) says in a new major report. The Asian Development Outlook 2009 forecasts economic growth in developing Asia will slide to just 3.4% in 2009, down from 6.3% last year and 9.5% in 2007. If the global economy experiences a mild recovery next year, the outlook for the region will improve to 6% in 2010. Deteriorating economic prospects will hinder the efforts to reduce poverty. With the slow growth, more than 60 million people in 2009, and close to 100 million people in 2010, will remain trapped in poverty – living on less than US$1.25 a day – than would have been if growth had continued at its earlier pace. Despite the dismal outlook, the report says that the region is in a much better position to […]

    Bleak outlook for developing Asia, but region can cope with crisis, says ADB

    Developing Asia’s economic growth will slow in 2009 to its most sluggish pace since the 1997/1998 Asian financial crisis, the Asian Development Bank (ADB) says in a new major report. The Asian Development Outlook 2009 forecasts economic growth in developing Asia will slide to just 3.4% in 2009, down from 6.3% last year and 9.5% in 2007. If the global economy experiences a mild recovery next year, the outlook for the region will improve to 6% in 2010. Deteriorating economic prospects will hinder the efforts to reduce poverty. With the slow growth, more than 60 million people in 2009, and close to 100 million people in 2010, will remain trapped in poverty – living on less than US$1.25 a day – than would have been if growth had continued at its earlier pace. Despite the dismal outlook, the report says that the region is in a much better position to […]

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  • The global economic crisis should be viewed by Asia’s policymakers as an opportunity to expand investment in ”desperately” needed public goods, economist Jeffrey Sachs told an ADB audience. In a lecture titled ”Achieving Global Cooperation on Economic Recovery and Long-Term Sustainable Development”, Prof. Sachs said that with the drop in external demand for Asian exports, the region will ”have to rely on public spending,” such as infrastructure, health, education and energy reforms. ”Asia needs all of that desperately,” Prof. Sachs said. ”This is still the region of the world with the fastest urbanization, with the most dramatic need for pollution control, for cleaning up the energy sector, for cleaning up the rivers, for sustainable urban development, for accommodating the migration of hundreds of millions of people from rural areas to urban areas. I like to view this crisis as an opportunity for Asia given the chronic underinvestment in public goods. […]

    Financial Crisis Presents Opportunity for Asia, Jeffrey Sachs tells ADB audience

    The global economic crisis should be viewed by Asia’s policymakers as an opportunity to expand investment in ”desperately” needed public goods, economist Jeffrey Sachs told an ADB audience. In a lecture titled ”Achieving Global Cooperation on Economic Recovery and Long-Term Sustainable Development”, Prof. Sachs said that with the drop in external demand for Asian exports, the region will ”have to rely on public spending,” such as infrastructure, health, education and energy reforms. ”Asia needs all of that desperately,” Prof. Sachs said. ”This is still the region of the world with the fastest urbanization, with the most dramatic need for pollution control, for cleaning up the energy sector, for cleaning up the rivers, for sustainable urban development, for accommodating the migration of hundreds of millions of people from rural areas to urban areas. I like to view this crisis as an opportunity for Asia given the chronic underinvestment in public goods. […]

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  • The Asian Development Bank’s Board of Directors today approved a series of measures to further enhance the independence and overall effectiveness of ADB’s operations evaluation function. ”These initiatives will further enhance the independence and effectiveness of ADB’s evaluation function and will place it at the forefront of international evaluation practice,” said Executive Director, Mr Phil Bowen, chair of the Working Group which also comprised fellow Executive Directors, Mr Howard Brown and Mr. Wencai Zhang, and ADB Managing Director General, Mr Rajat M. Nag. The measures include extending the term of the Director General of the Operations Evaluation Department (OED) to five years from three years on a non-renewable basis; and the position to be appointed by ADB’s Board, upon the recommendation of the Development Effectiveness Committee of the Board, in consultation with the ADB President. The Director General’s performance will be subject to annual review by the Chair of the […]

    ADB Approves Measures to Enhance Operations Evaluation Function

    The Asian Development Bank’s Board of Directors today approved a series of measures to further enhance the independence and overall effectiveness of ADB’s operations evaluation function. ”These initiatives will further enhance the independence and effectiveness of ADB’s evaluation function and will place it at the forefront of international evaluation practice,” said Executive Director, Mr Phil Bowen, chair of the Working Group which also comprised fellow Executive Directors, Mr Howard Brown and Mr. Wencai Zhang, and ADB Managing Director General, Mr Rajat M. Nag. The measures include extending the term of the Director General of the Operations Evaluation Department (OED) to five years from three years on a non-renewable basis; and the position to be appointed by ADB’s Board, upon the recommendation of the Development Effectiveness Committee of the Board, in consultation with the ADB President. The Director General’s performance will be subject to annual review by the Chair of the […]

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  • ADB has establishing a new fund to slow the onset of climate change and to help the Asia-Pacific region adapt to the expected devastating impact of global warming. ADB will provide an initial $40 million to the Climate Change Fund, which will be open for further contributions from countries, other development organizations, foundations, the private sector and other sources. ”The purpose of the fund is to facilitate greater investments in developing countries in Asia and the Pacific to address the causes and consequences of global warming. Money from the fund will be used to provide grant financing for technical assistance, investment projects, research and other activities, and we welcome interested parties to participate in the fund,” said Mr. Werner Liepach, Principal Director of ADB’s Office of Cofinancing Operations. http://www.adb.org/Media/Articles/2008/12474-asian-climates-changes

    ADB launched Climate Change Fund

    ADB has establishing a new fund to slow the onset of climate change and to help the Asia-Pacific region adapt to the expected devastating impact of global warming. ADB will provide an initial $40 million to the Climate Change Fund, which will be open for further contributions from countries, other development organizations, foundations, the private sector and other sources. ”The purpose of the fund is to facilitate greater investments in developing countries in Asia and the Pacific to address the causes and consequences of global warming. Money from the fund will be used to provide grant financing for technical assistance, investment projects, research and other activities, and we welcome interested parties to participate in the fund,” said Mr. Werner Liepach, Principal Director of ADB’s Office of Cofinancing Operations. http://www.adb.org/Media/Articles/2008/12474-asian-climates-changes

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  • ADB’s flagship annual publication, Asian Development Outlook 2008 (ADO) shows that favorable policy conditions and impressive productivity growth associated with Asia’s economic modernization and structural transformation will continue to keep the region on a strong growth path. ADO warns that the risk of an inflation spiral in Asia is palpable and urges policymakers to keep a close watch on it. Inflation is expected to rise to 5.1% in 2008 and gradually slide to 4.6% in 2009. A special theme chapter on ”Workers in Asia” highlights the importance of providing relevant skills and job opportunities for Asia’s burgeoning labor force. Developing Asian countries may fail to reap the ”demographic dividend” if they do not invest in their education and training systems to make them more relevant to the demands of their rapidly modernizing economies, the Asian Development Bank says in the ADO. http://www.adb.org/Documents/Books/ADO/

    Asian Development Outlook 2008

    ADB’s flagship annual publication, Asian Development Outlook 2008 (ADO) shows that favorable policy conditions and impressive productivity growth associated with Asia’s economic modernization and structural transformation will continue to keep the region on a strong growth path. ADO warns that the risk of an inflation spiral in Asia is palpable and urges policymakers to keep a close watch on it. Inflation is expected to rise to 5.1% in 2008 and gradually slide to 4.6% in 2009. A special theme chapter on ”Workers in Asia” highlights the importance of providing relevant skills and job opportunities for Asia’s burgeoning labor force. Developing Asian countries may fail to reap the ”demographic dividend” if they do not invest in their education and training systems to make them more relevant to the demands of their rapidly modernizing economies, the Asian Development Bank says in the ADO. http://www.adb.org/Documents/Books/ADO/

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