Financing the MDG Gaps in the Asia-Pacific

Size: px
Start display at page:

Download "Financing the MDG Gaps in the Asia-Pacific"

Transcription

1 Financing the MDG Gaps in the Asia-Pacific Dr. Nagesh Kumar Chief Economist, ESCAP And Director, ESCAP Subregional Office for South and South-West Asia, New Delhi 1

2 2 Outline Closing the poverty gap: interactions between growth, inequalities and consumption Resource gap for other MDG goals: some cost estimates Augmenting domestic resources for MDG achievement Strengthening global partnership for closing the MDG gaps

3 The economic growth needed to close the income-poverty gap but is not sufficient condition 11 Asia-Pacific countries are likely to miss the income-poverty target:» Bangladesh, Cambodia, Georgia, India, Kyrgyzstan, Lao PDR, Mongolia, Nepal, Philippines, Sri Lanka and Uzbekistan. Growth and distribution» Generally growth is accompanied by a rise in inequality» For future poverty reduction it is vital to keep track not just of economic growth but also of inequality» In poorer countries growth that leads to increase in average household consumption will be more effective in poverty reduction 3

4 4 Rising incomes have been accompanied by varying rates of poverty reduction across countries

5 5 Growth of household consumption has not kept pace with growth of incomes

6 Scenarios of GDP growth required to reach the Poverty target 6 Average annual GDP growth rates, IMF forecasts (%) Scenario 1 Business as usual Year of achievement based on IMF forecasts Estimated annual GDP growth to reach MDG target by 2015 (%) Scenario 2 No change in inequality Year of achievement based on IMF forecasts Estimated annual GDP growth to reach MDG target by 2015 (%) Scenario 3 Additional 1% in average household consumption per capita Year of achievement based on IMF forecasts Estimated annual GDP growth to reach MDG target by 2015 (%) (1) (2) (3) (4) (5) (6) (7) Bangladesh Cambodia Georgia India Kyrgyzstan Lao People s Democratic Republic Mongolia Nepal Philippines Sri Lanka Uzbekistan

7 Policy lessons Among other policies Focus on job-creation Focus on rural development, agriculture, SMEs, micro-enterprises Strengthening social protection Enhancing financial inclusion

8 Estimated annual investment to meet the other MDGs (in bn US dollars) Year Cost of reaching the current projected values Cost to close the gaps Costs to close the gaps (Total cost to reach the targets) (1) (2) (3) = (1) + (2) Total Source: ESCAP calculations based on data from United Nations Statistics Division, Millennium Development Goals Indicators database, reference populations from World Population Prospects: the 2008 Revision (United Nations, 2007) and estimates of the United Nations Millennium Project (United Nations, ). Notes: 1- Estimates cover selected targets and do not include target of income poverty reduction ($1.25-a-day) or the environmental targets related to climate change. 2 - See Annex 1 for details.

9 Overall costs of meeting MDG targets may not seem daunting for the region as a whole. But for some of the poorest countries they represent a high % of their GDP Nepal Afghanistan Timor-Leste Myanmar Cambodia Lao PDR Bangladesh Papua New Guinea Pakistan Tajikistan India Bhutan Philippines Kyrgyzstan Uzbekistan Mongolia Indonesia China Maldives Malaysia Average annual cost to close the MDG Gap as % of GDP Average annual total cost to reach the MDGs as % of GDP

10 Funding MDG Gaps 10

11 A review of central government budgets in 23 economies suggests that Proportion of GDP spent on MDG priorities varies widely across countries expenditures on MDG priorities as % of GDP has increased since the Millennium Summit only in 6 countries; has remained stable or decreased in others % of GDP in TE2007 Change over TE2001 Increased Stable Decreased (at least 1percentage point) (+ / - 1 percentage point) (at least 1percentage point) < 1% China# Pakistan 1% to 3% India Indonesia# Myanmar# 3% to 5% Bangladesh# Philippines 5% to 10% Georgia Bhutan# Hong Kong, China# Nepal Kazakhstan Macao, China Russian Federation Republic of Korea Singapore Sri Lanka Thailand 10% to 20% Iran (Islamic Republic of) Australia Fiji* > 20% Maldives Japan# 11

12 Components of MDG expenditure vary across countries 12

13 Augmenting domestic resources for MDGs Exploitation of fiscal space fully for MDG spending Reorientation of budgets away from administration, fuel subsidies and debt servicing Raising revenue through innovative taxes Re-engineering tax policy to encourage employment generation rather than promoting capital investment 13

14 Strengthening the Global partnership ODA South-South economic assistance New Sources of Finance 14 New global sources of revenue for meeting MDGs Leading group on international levies Tax on financial transactions to moderate the volatility in the financial sector while generating billions of dollars of revenue Regional financial cooperation Developing a regional financial architecture for intermediating between region s growing foreign exchange reserves (nearly $ 6 trn.) and large unmet investment requirements

15

Asia-Pacific Countries with Special Needs Development Report Investing in Infrastructure for an Inclusive and Sustainable Future

Asia-Pacific Countries with Special Needs Development Report Investing in Infrastructure for an Inclusive and Sustainable Future Asia-Pacific Countries with Special Needs Development Report 2017 Investing in Infrastructure for an Inclusive and Sustainable Future Manila, 30 August 2017 Countries with special needs Countries with

More information

The G20 Mexico Summit 2012 Key Issues for Asia-Pacific

The G20 Mexico Summit 2012 Key Issues for Asia-Pacific The G20 Mexico Summit 2012 Key Issues for Asia-Pacific Third ESCAP High-Level Consultation Bangkok, 23 May 2012 Dr. Nagesh Kumar Chief Economist, UN-ESCAP And Director, ESCAP SRO-SSWA 1 Outline Reviving

More information

Recycling Regional Savings for Closing Asia-Pacific s Infrastructure Gaps

Recycling Regional Savings for Closing Asia-Pacific s Infrastructure Gaps Recycling Regional Savings for Closing Asia-Pacific s Infrastructure Gaps Presentation at the Conference on Global Cooperation for Sustainable Growth and Development: Views from G20 Countries ICRIER, New

More information

Asia-Pacific: Sustainable Development Financing Outreach. Asia-Pacific: Landscape & State of Sustainable Financing

Asia-Pacific: Sustainable Development Financing Outreach. Asia-Pacific: Landscape & State of Sustainable Financing Asia-Pacific: Sustainable Development Financing Outreach Asia-Pacific: Landscape & State of Sustainable Financing Dr. Shamshad Akhtar, United Nations Under-Secretary-General & ESCAP Executive Secretary

More information

Agenda 3. The research framework for compiling and analyzing income support scheme

Agenda 3. The research framework for compiling and analyzing income support scheme 2011 Expert Meeting Agenda 3. The research framework for compiling and analyzing income support scheme Yun Suk-myung Seoul 1 June 2011 Methodology Data & Information to be Compiled & Analyzed 2 Ⅰ. Methodology

More information

Asia-Pacific Countries with Special Needs Development Report Investing in infrastructure for an inclusive and sustainable future

Asia-Pacific Countries with Special Needs Development Report Investing in infrastructure for an inclusive and sustainable future Asia-Pacific Countries with Special Needs Development Report 2017 Investing in infrastructure for an inclusive and sustainable future Tbilisi, 8 May 2017 Introduction Countries with special needs (CSN)

More information

Money, Finance, and Prices

Money, Finance, and Prices 118 III. Money, Finance, and Prices Snapshot Inflation, as measured by the consumer price index (CPI), exceeded 5.0% in 13 of 47 regional economies in 2017. In 2017, the money supply expanded on an annual

More information

Presentation. Global Financial Crisis and the Asia-Pacific Economies: Lessons Learnt and Challenges Introduction of the Issues

Presentation. Global Financial Crisis and the Asia-Pacific Economies: Lessons Learnt and Challenges Introduction of the Issues High-level Regional Policy Dialogue on "Asia-Pacific economies after the global financial crisis: Lessons learnt, challenges for building resilience, and issues for global reform" 6-8 September 211, Manila,

More information

INFRASTRUCTURE NEEDS

INFRASTRUCTURE NEEDS INFRASTRUCTURE NEEDS Key messages Developing Asia needs $26 trillion (in 2015 prices), or $1.7 trillion per year, for infrastructure investment in 2016-2030 Without climate change mitigation and adaptation,

More information

Survey launch in 37 locations

Survey launch in 37 locations ECONOMIC AND SOCIAL SURVEY OF ASIA AND THE PACIFIC 213 Forward-looking Macroeconomic Policies for Inclusive and Sustainable Development 1 Survey launch in 37 locations 2 28 Locations in Asia-Pacific New

More information

MDG 8: Develop a Global Partnership for Development

MDG 8: Develop a Global Partnership for Development 182 Key Indicators for Asia and the Pacific 2015 MDG 8: Develop a Global Partnership for Development Millennium Development Goal (MDG) 8 has six targets. The first three and last are the focus of this

More information

Financing for Development in Asia and the Pacific: Opportunities and Challenges

Financing for Development in Asia and the Pacific: Opportunities and Challenges Financing for Development in Asia and the Pacific: Opportunities and Challenges Dr. Shamshad Akhtar, Under-Secretary-General of the United Nations & Executive Secretary of The Economic and Social Commission

More information

Strengthening public finance in North and Central Asia. An overview

Strengthening public finance in North and Central Asia. An overview Strengthening public finance in North and Central Asia An overview Public finance is the financing backbone for sustainable development and infrastructure investment The financing demand for the implementation

More information

PURSUING SHARED PROSPERITY IN AN ERA OF TURBULENCE AND HIGH COMMODITY PRICES

PURSUING SHARED PROSPERITY IN AN ERA OF TURBULENCE AND HIGH COMMODITY PRICES 2012 Key messages Asia-Pacific growth to slow in 2012 amidst global turbulence: Spillovers of the euro zone turmoil Global oil price hikes Excess liquidity and volatile capital flows Key long-term challenge:

More information

DOMESTIC RESOURCE MOBILIZATION: OPTIONS FOR EXPANDING FISCAL SPACE 3

DOMESTIC RESOURCE MOBILIZATION: OPTIONS FOR EXPANDING FISCAL SPACE 3 86 ESCAP PHOTO DOMESTIC RESOURCE MOBILIZATION: OPTIONS FOR EXPANDING FISCAL SPACE 3 T he previous chapters have highlighted some of the domestic challenges that economies in the region are facing, including

More information

Economic and Social Survey of Asia and the Pacific 2017 Governance and Fiscal Management

Economic and Social Survey of Asia and the Pacific 2017 Governance and Fiscal Management Economic and Social Survey of Asia and the Pacific 217 Governance and Fiscal Management Launch and Panel Discussion on the UN Economic and Social Survey of Asia and the Pacific 217: Korean Perspective

More information

Session 1 : Economic Integration in Asia: Recent trends Session 2 : Winners and losers in economic integration: Discussion

Session 1 : Economic Integration in Asia: Recent trends Session 2 : Winners and losers in economic integration: Discussion Session 1 : 09.00-10.30 Economic Integration in Asia: Recent trends Session 2 : 11.00-12.00 Winners and losers in economic integration: Discussion Session 3 : 12.30-14.00 The Impact of Economic Integration

More information

Fiscal policy for inclusive growth in Asia

Fiscal policy for inclusive growth in Asia Fiscal policy for inclusive growth in Asia Dr. Donghyun Park, Principal Economist Economics and Research Department, Asian Development Bank PRI-IMF-ADBI Tokyo Fiscal Forum on Fiscal Policy toward Long-Term

More information

Population. G.1. Economic growth. There was an initial dramatic recovery from the crisis in 2010 due to fiscal stimulus and intraregional trade.

Population. G.1. Economic growth. There was an initial dramatic recovery from the crisis in 2010 due to fiscal stimulus and intraregional trade. Statistical Yearbook for Asia and the Pacific 2013 G. Economy G.1. After the onset of the global financial crisis of 2008/09, a rapid recovery was seen in the Asian and Pacific region in 2010, but this

More information

ASIA-PACIFIC HIGH-LEVEL CONSULTATION ON FINANCING FOR DEVELOPMENT April 2015 Jakarta. Chair s summary

ASIA-PACIFIC HIGH-LEVEL CONSULTATION ON FINANCING FOR DEVELOPMENT April 2015 Jakarta. Chair s summary ASIA-PACIFIC HIGH-LEVEL CONSULTATION ON FINANCING FOR DEVELOPMENT 29-30 April 2015 Jakarta Chair s summary 1. The Asia-Pacific High-level Consultation on Financing for Development was held from 29 to 30

More information

Financing the MDGs and green growth

Financing the MDGs and green growth CHAPTER TWO Financing the MDGs and green growth The previous chapter has considered the scale of the investment required to achieve the MDGs by 2015 and establish the countries of the region along a more

More information

Paying Taxes 2018 Global and Regional Findings: ASIA PACIFIC

Paying Taxes 2018 Global and Regional Findings: ASIA PACIFIC World Bank Group: Indira Chand Phone: +1 202 458 0434 E-mail: ichand@worldbank.org PwC: Rowena Mearley Tel: +1 646 313-0937 / + 1 347 501 0931 E-mail: rowena.j.mearley@pwc.com Fact sheet Paying Taxes 2018

More information

FOREIGN DIRECT INVESTMENT TRENDS IN ASIA AND THE PACIFIC

FOREIGN DIRECT INVESTMENT TRENDS IN ASIA AND THE PACIFIC FOREIGN DIRECT INVESTMENT TRENDS IN ASIA AND THE PACIFIC The fourth Asia-Pacific Foreign Direct Investment (FDI) Network for Least Developed and Landlocked Developing Countries 25 November 2014, Colombo,

More information

Paying Taxes 2019 Global and Regional Findings: ASIA PACIFIC

Paying Taxes 2019 Global and Regional Findings: ASIA PACIFIC World Bank Group: Indira Chand Phone: +1 202 458 0434 E-mail: ichand@worldbank.org PwC: Sharon O Connor Tel:+1 646 471 2326 E-mail: sharon.m.oconnor@pwc.com Fact sheet Paying Taxes 2019 Global and Regional

More information

Financing for Sustainable Urbanization

Financing for Sustainable Urbanization Place Date here Financing for Sustainable Urbanization Rana Hasan* Asian Development Bank The 4th Asian Think Tank Development Forum New Delhi, India October 27 2016 This presentation has benefited from

More information

MDG 8: Develop a Global Partnership for Development

MDG 8: Develop a Global Partnership for Development 124 Key Indicators for Asia and the Pacific 2014 MDG 8: Develop a Global Partnership for Development Millennium Development Goal (MDG) 8 has six targets. The first three are the focus of this section.

More information

The 2015 Social Protection Indicator Results for Asia Sri Wening Handayani ADB Principal Social Development Specialist

The 2015 Social Protection Indicator Results for Asia Sri Wening Handayani ADB Principal Social Development Specialist The 2015 Social Protection Indicator Results for Asia Sri Wening Handayani ADB Principal Social Development Specialist The views expressed in this presentation are those of the author and do not necessarily

More information

Achievements and Challenges

Achievements and Challenges LDCs Graduation in Asia-Pacific: Achievements and Challenges Ministerial Meeting of Asia-Pacific Least Developed Countries on Graduation and Post 2015 Development Agenda Kathmandu, Nepal 16-18 December

More information

Vizualizing ICT Indicators Tiziana Bonapace, Jorge Martinez-Navarrete United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP)

Vizualizing ICT Indicators Tiziana Bonapace, Jorge Martinez-Navarrete United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) Staff working note Vizualizing ICT Indicators Tiziana Bonapace, Jorge Martinez-Navarrete United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) Authors Note The authors gratefully

More information

ADB Economics Working Paper Series. Poverty Impact of the Economic Slowdown in Developing Asia: Some Scenarios

ADB Economics Working Paper Series. Poverty Impact of the Economic Slowdown in Developing Asia: Some Scenarios ADB Economics Working Paper Series Poverty Impact of the Economic Slowdown in Developing Asia: Some Scenarios Rana Hasan, Maria Rhoda Magsombol, and J. Salcedo Cain No. 153 April 2009 ADB Economics Working

More information

Goal 8: Develop a Global Partnership for Development

Goal 8: Develop a Global Partnership for Development 112 Goal 8: Develop a Global Partnership for Development Snapshots In 21, the net flow of official development assistance (ODA) to developing economies amounted to $128.5 billion which is equivalent to.32%

More information

Cross-Border Tax Regimes. Steven Sieker Partner, Baker McKenzie 28 June 2018

Cross-Border Tax Regimes. Steven Sieker Partner, Baker McKenzie 28 June 2018 Cross-Border Tax Regimes Steven Sieker Partner, Baker McKenzie 28 June 2018 Taxation in the Cross-Border Context Payer service recipient / borrower / IP licensee / employer payments for services rendered

More information

Information on Subscription for the. Fifth General Capital Increase

Information on Subscription for the. Fifth General Capital Increase Information on Subscription for the Fifth General Capital Increase May 2009 Information on Subscription for the Fifth General Capital Increase May 2009 2009 Asian Development Bank In this publication,

More information

The Role of Fiscal Policy to Achieve Inclusive Growth in Asia

The Role of Fiscal Policy to Achieve Inclusive Growth in Asia The Role of Fiscal Policy to Achieve Inclusive Growth in Asia Valerie Mercer-Blackman Economic Research and Regional Cooperation Department, Asian Development Bank TOKYO FISCAL FORUM, June 6, 2017 Presentation

More information

Economic Prospects: East Asia and South Asia

Economic Prospects: East Asia and South Asia Economic Prospects: East Asia and South Asia Daniel Jeongdae Lee, UN ESCAP UN DESA EGM on the World Economy 2 October 216, Toronto Main messages Steady high growth >> quality of growth (jobs, poverty,

More information

Third Working Meeting of the Technical Advisory Group (TAG) on Population and Social Statistics

Third Working Meeting of the Technical Advisory Group (TAG) on Population and Social Statistics Third Working Meeting of the Technical Advisory Group (TAG) on Population and Social Statistics Framework of Inclusive Growth Indicators (FIGI) Kaushal Joshi Senior Statistician, Research Division, Economics

More information

Regional update: trends and issues in Asian development cooperation

Regional update: trends and issues in Asian development cooperation Regional update: trends and issues in Asian development cooperation Yasuyuki Sawada Chief Economist and Director General Economic Research and Regional Cooperation Department Asian Development Bank Australasian

More information

Asian Development Outlook 2016: Asia s Potential Growth

Asian Development Outlook 2016: Asia s Potential Growth Asian Development Outlook 2016: Asia s Potential Growth Juzhong Zhuang Deputy Chief Economist Asian Development Bank Presentation at The views expressed in this document are those of the author and do

More information

SECTION - 13: DEVELOPMENT INDICATORS FOR CIRDAP AND SAARC COUNTRIES

SECTION - 13: DEVELOPMENT INDICATORS FOR CIRDAP AND SAARC COUNTRIES Development Indicators for Cirdap and Saarc Countries 379 SECTION - 13: DEVELOPMENT INDICATORS FOR CIRDAP AND SAARC COUNTRIES The Centre for Integrated Rural Development for Asia and the Pacific (CIRDAP)

More information

IMF-ADB Seminar on Medium Term Revenue Strategy: ISORA and ADB s Comparative Series on Tax Administration

IMF-ADB Seminar on Medium Term Revenue Strategy: ISORA and ADB s Comparative Series on Tax Administration IMF-ADB Seminar on Medium Term Revenue Strategy: ISORA and ADB s Comparative Series on Tax Administration Presentation by: Richard Highfield Consultant in Tax System Administration (ADB) 1-2 December 2017,

More information

E/ESCAP/CST(2)/INF/10

E/ESCAP/CST(2)/INF/10 E/ESCAP/CST(2)/INF/10 Distr.: For participants only 25 October 2010 English only Economic and Social Commission for Asia and the Pacific Committee on Statistics Second session Bangkok, 15-17 December 2010

More information

ADB BRIEFS. Transactional Accounts, Introduction: Inclusive Finance for Empowering the Poor AUGUST 2015

ADB BRIEFS. Transactional Accounts, Introduction: Inclusive Finance for Empowering the Poor AUGUST 2015 NO. 41 AUGUST 2015 ADB BRIEFS KEY POINTS Three key dimensions of financial inclusion are especially relevant for empowering the poor: transactional accounts, savings, and borrowing. There is significant

More information

Minutes of Meeting. ADB/OECD Anti-Corruption Initiative for Asia and the Pacific. Participants. Chairs of the Meeting. Summary of the Discussions

Minutes of Meeting. ADB/OECD Anti-Corruption Initiative for Asia and the Pacific. Participants. Chairs of the Meeting. Summary of the Discussions 16th Steering Group Meeting New Delhi, India, 27 September 2011 Public Management, Governance and Participation Division Asian Development Bank Anti-Corruption Division Organisation for Economic Co-operation

More information

Asian Noodle Bowl of International Investment Agreements (IIAs)

Asian Noodle Bowl of International Investment Agreements (IIAs) Asian Noodle Bowl of International Investment Agreements (IIAs) ARTNeT Conference 10 December, 2013 Macau, PRC Shintaro Hamanaka Economist, Office of Regional Economic Integration (OREI), Asian Development

More information

Table 1 Baseline GDP growth (%)

Table 1 Baseline GDP growth (%) ASIAN DEVELOPMENT Outlook Supplement December Firming industrial economies to support Asia s outlook z Developing Asia is set to benefit as further signs emerge of growth momentum in the advanced economies.

More information

Health Care Financing in Asia: Key Issues and Challenges

Health Care Financing in Asia: Key Issues and Challenges Health Care Financing in Asia: Key Issues and Challenges Phnom Penh May 3 2012 Soonman KWON, Ph.D. Professor of Health Economics and Policy School of Public Health Seoul National University, Korea 1 OUTLINE

More information

SURVEY TO DETERMINE THE PERCENTAGE OF NATIONAL REVENUE REPRESENTED BY CUSTOMS DUTIES INTRODUCTION

SURVEY TO DETERMINE THE PERCENTAGE OF NATIONAL REVENUE REPRESENTED BY CUSTOMS DUTIES INTRODUCTION SURVEY TO DETERMINE THE PERCENTAGE OF NATIONAL REVENUE REPRESENTED BY CUSTOMS DUTIES INTRODUCTION This publication provides information about the share of national revenues represented by Customs duties.

More information

Costing the MDG gaps CHAPTER ONE

Costing the MDG gaps CHAPTER ONE CHAPTER ONE Costing the MDG gaps The Asia-Pacific region has made significant progress towards the MDGs. Many countries have achieved rapid economic growth which has helped lift millions of people out

More information

Role of Agriculture in Achieving MDG 1 in Asia and the Pacific Region

Role of Agriculture in Achieving MDG 1 in Asia and the Pacific Region Role of Agriculture in Achieving MDG 1 in Asia and the Pacific Region Katsushi S. Imai* Economics, School of Social Sciences, University of Manchester, UK and Research Institute for Economics & Business

More information

Poverty and development Week 11 March 15. Readings: Ray chapter 8

Poverty and development Week 11 March 15. Readings: Ray chapter 8 Poverty and development Week 11 March 15 Readings: Ray chapter 8 1 Introduction Poverty is both of intrinsic and functional significance. Poverty has enormous implications for the way in which entire economies

More information

SECTION - 13: DEVELOPMENT INDICATORS FOR CIRDAP AND SAARC COUNTRIES

SECTION - 13: DEVELOPMENT INDICATORS FOR CIRDAP AND SAARC COUNTRIES Development Indicators for CIRDAP And SAARC Countries 485 SECTION - 13: DEVELOPMENT INDICATORS FOR CIRDAP AND SAARC COUNTRIES The Centre for Integrated Rural Development for Asia and the Pacific (CIRDAP)

More information

REGIONAL WORKSHOP ON Using Evidence-based Trade Policy for Achieving the Sustainable Development Goals in LDCS and LLDCS

REGIONAL WORKSHOP ON Using Evidence-based Trade Policy for Achieving the Sustainable Development Goals in LDCS and LLDCS REGIONAL WORKSHOP ON Using Evidence-based Trade Policy for Achieving the Sustainable Development Goals in LDCS and LLDCS Session 3: Trade War and Potential Impact on LDCs Mia Mikic Director Trade, Investment

More information

Annual Report on the 2016 Country Performance Assessment Exercise

Annual Report on the 2016 Country Performance Assessment Exercise December 2016 Annual Report on the 2016 Country Performance Assessment Exercise This document is being disclosed to the public in accordance with ADB s Public Communications Policy 2011. ABBREVIATIONS

More information

Health Sector Financing in Lao PDR

Health Sector Financing in Lao PDR Health Sector Financing in Lao PDR Contents 1. Health Financing Situation in Lao PDR 2. Key Achievements and Challenges in Health Sector 3. Policy Recommendations All photos are copyright World Bank Group

More information

developing Asia Outlook for the major industrial economies HIGHLIGHTS

developing Asia Outlook for the major industrial economies HIGHLIGHTS JULY Asian development OUTLOOK SUPPlement HIGHLIGHTS Developing Asia remains broadly on track to reach the growth forecasts published in Asian Development Outlook. Despite slower-than-expected expansion

More information

MEETING ASIA S INFRASTRUCTURE NEEDS HIGHLIGHTS ASIAN DEVELOPMENT BANK

MEETING ASIA S INFRASTRUCTURE NEEDS HIGHLIGHTS ASIAN DEVELOPMENT BANK MEETING ASIA S INFRASTRUCTURE NEEDS HIGHLIGHTS ASIAN DEVELOPMENT BANK MEETING ASIA S INFRASTRUCTURE NEEDS HIGHLIGHTS ASIAN DEVELOPMENT BANK Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)

More information

Asian Development Outlook 2017 Update

Asian Development Outlook 2017 Update Asian Development Outlook 217 Update Sustaining Development Through Public Private Partnership Yasuyuki Sawada Chief Economist Asian Development Bank EMBARGOED UNTIL 9:3 AM Manila/Hong Kong, China/Singapore

More information

Trade Finance Program. Steven Beck Head of Trade Finance

Trade Finance Program. Steven Beck Head of Trade Finance Trade Finance Program Steven Beck Head of Trade Finance TFP and Its Objectives ADB s Trade Finance Program (TFP) provides guarantees and loans through banks to support trade. over 200 partner banks guarantees

More information

Economic and Social Council

Economic and Social Council United Nations Economic and Social Council E/ESCAP/MIPAA/IGM.2/1 Distr.: General 7 July 2017 Original: English Economic and Social Commission for Asia and the Pacific Asia-Pacific Intergovernmental Meeting

More information

Economic Consequence of Population Ageing in Asia

Economic Consequence of Population Ageing in Asia Economic Consequence of Population Ageing in Asia Bazlul H Khondker Department of Economics Dhaka University Chairman South Asian Network on Economic Modeling (SANEM) Presented at 12 th Global NTA Meeting

More information

Global Economic Management and Asia s Responsibility Masahiro Kawai Asian Development Bank Institute

Global Economic Management and Asia s Responsibility Masahiro Kawai Asian Development Bank Institute Global Economic Management and Asia s Responsibility Masahiro Kawai Asian Development Bank Institute PECC 18 th General Meeting Economic Crisis and Recovery: Roles for the Asia-Pacific Economies Washington,

More information

Economic Outlook and Risks in the APEC Region

Economic Outlook and Risks in the APEC Region 2018/FMM/002 Agenda Item: 1.1 Economic Outlook and Risks in the APEC Region Purpose: Information Submitted by: ADB 25th Finance Ministers Meeting Port Moresby, Papua New Guinea 17 October 2018 Economic

More information

Infrastructure Financing Challenges in Southeast Asia

Infrastructure Financing Challenges in Southeast Asia Infrastructure Financing Challenges in Southeast Asia Alfredo Perdiguero Director, Regional Cooperation and Coordination Division Southeast Asia Department Asian Development Bank Policy Dialogue on Infrastructure

More information

Comment on Masaki Kuwahara A Search for Potential Female Labor Forces in Japan s Aging Society Challenges for Prime Minister Yukio Hatoyama

Comment on Masaki Kuwahara A Search for Potential Female Labor Forces in Japan s Aging Society Challenges for Prime Minister Yukio Hatoyama Comment on Masaki Kuwahara A Search for Potential Female Labor Forces in Japan s Aging Society Challenges for Prime Minister Yukio Hatoyama Masahiro Kawai, ADBI Macroeconomy Research Conference Beyond

More information

BACKGROUND PAPERS Roundtable Discussions

BACKGROUND PAPERS Roundtable Discussions BACKGROUND PAPERS Roundtable Discussions Special Ministerial Meeting for Millennium Development Goals Review in Asia and the Pacific : Run Up to 2015 Jakarta, 3-4 August 2010 Roundtable Discussion 1: Closing

More information

AIIB Strategy Briefing

AIIB Strategy Briefing AIIB Strategy Briefing Background, Strategies, Investment and Challenges AIIB 2 nd Annual Meeting of the Board of Governors Governor Seminar I June 2017 Presentation I. Background and Context of Setting

More information

Asia-Pacific Meeting on Disability-inclusive Disaster Risk Reduction: Changing Mindsets through Knowledge April 2014 Sendai, Japan

Asia-Pacific Meeting on Disability-inclusive Disaster Risk Reduction: Changing Mindsets through Knowledge April 2014 Sendai, Japan Asia-Pacific Disaster Trends: Facts and Risk Drivers Asia-Pacific Meeting on Disability-inclusive Disaster Risk Reduction: Changing Mindsets through Knowledge 22-23 April 2014 Sendai, Japan 1 Most deaths

More information

FINANCE TO ENSURE ASIA S ECONOMIC GROWTH DR. RANEE JAYAMAHA CHAIRPERSON - HATTON NATIONAL BANK PLC

FINANCE TO ENSURE ASIA S ECONOMIC GROWTH DR. RANEE JAYAMAHA CHAIRPERSON - HATTON NATIONAL BANK PLC FINANCE TO ENSURE ASIA S ECONOMIC GROWTH DR. RANEE JAYAMAHA CHAIRPERSON - HATTON NATIONAL BANK PLC TABLE 1 : REAL GDP GROWTH OF SOUTHEAST ASIA, CHINA AND INDIA (ANNUAL PERCENTAGE CHANGE) PROJECTIONS ASEAN-6

More information

ADB BRIEFS NO. 21 KEY POINTS MAY Sri W. Handayani 1 Asian Development Bank 2

ADB BRIEFS NO. 21 KEY POINTS MAY Sri W. Handayani 1 Asian Development Bank 2 NO. 21 MAY 2014 ADB BRIEFS KEY POINTS Overall, women received fewer benefits and less coverage from social protection programs. Women also have less equitable access to social insurance than men but appear

More information

High Level Political Forum Side Event

High Level Political Forum Side Event High Level Political Forum Side Event Financing for Development to Ensure No One is Left Behind 18 July 2016, 1:15-2:45 pm Delegates Dining Room United Nations, New York Financing for Development Infographics

More information

Doing Business in. Karim Belayachi Co-author, Doing Business Project. Neil Gregory Acting Director, Global Indicators and Analysis WASHINGTON, DC

Doing Business in. Karim Belayachi Co-author, Doing Business Project. Neil Gregory Acting Director, Global Indicators and Analysis WASHINGTON, DC Doing Business in East Asia and the Pacific Neil Gregory Acting Director, Global Indicators and Analysis Karim Belayachi Co-author, Doing Business Project WASHINGTON, DC 1 What does Doing Business measure?

More information

Paul Browne, Partner, London Yongmei Cai, Partner, Beijing Jay Lee, Partner, Hong Kong

Paul Browne, Partner, London Yongmei Cai, Partner, Beijing Jay Lee, Partner, Hong Kong One Belt One Road and RMB internationalisation: a look at how recent PRC regulatory developments provide significant opportunities for market participants in the Financial Markets in the UK and Europe

More information

2014 Year-end Update ECONOMIC AND SOCIAL SURVEY OF ASIA AND THE PACIFIC

2014 Year-end Update ECONOMIC AND SOCIAL SURVEY OF ASIA AND THE PACIFIC 2014 Year-end Update ECONOMIC AND SOCIAL SURVEY OF ASIA AND THE PACIFIC ESCAP is the regional development arm of the United Nations and serves as the main economic and social development centre for the

More information

SCHEDULE B: MARKET DATA PRICE LIST

SCHEDULE B: MARKET DATA PRICE LIST SCHEDULE B: MARKET DATA PRICE LIST ANNEX TO THE GENERAL TERMS AND CONDITIONS OF THE LONDON STOCK EXCHANGE AND BORSA ITALIANA REAL TIME MARKET DATA AGREEMENT Version 3.1 01/01/2019 1 London Stock Exchange

More information

Session 1: SME financing in Asia and the Pacific and Latin America An overview. SME financing in Asia and the Pacific An introduction to the workshop

Session 1: SME financing in Asia and the Pacific and Latin America An overview. SME financing in Asia and the Pacific An introduction to the workshop Session 1: SME financing in Asia and the Pacific and Latin America An overview SME financing in Asia and the Pacific An introduction to the workshop A presentation by Alberto Isgut, Financing for Development

More information

MERCHANDISE TRADE: A CAUTIOUS RECOVERY 1

MERCHANDISE TRADE: A CAUTIOUS RECOVERY 1 CHAPTER 1 MERCHANDISE TRADE: A CAUTIOUS RECOVERY 1 Buoyed by stronger demand by major economies within and outside the region, global and regional trade growth improved in 2017 from the weak performance

More information

GROWTH DETERMINANTS IN LOW-INCOME AND EMERGING ASIA: A COMPARATIVE ANALYSIS

GROWTH DETERMINANTS IN LOW-INCOME AND EMERGING ASIA: A COMPARATIVE ANALYSIS GROWTH DETERMINANTS IN LOW-INCOME AND EMERGING ASIA: A COMPARATIVE ANALYSIS Ari Aisen* This paper investigates the determinants of economic growth in low-income countries in Asia. Estimates from standard

More information

2017 Annual Review of Salary and Benefits for International Staff, National Staff, and Administrative Staff

2017 Annual Review of Salary and Benefits for International Staff, National Staff, and Administrative Staff November 2017 2017 Annual Review of Salary and Benefits for International Staff,, and Distribution of this document is restricted until it has been approved by the Board of Directors. Following such approval,

More information

Doing Business 2014 Fact Sheet: East Asia and the Pacific

Doing Business 2014 Fact Sheet: East Asia and the Pacific Doing Business 2014 Fact Sheet: East Asia and the Pacific Fifteen of 25 economies in East Asia and the Pacific implemented at least one regulatory reform making it easier to do business in the year from

More information

ManuMaster Healthcare Series

ManuMaster Healthcare Series ManuMaster Healthcare Series No one plans to get sick or injured, but as you get older your need for medical care will gradually increase. To protect your health, you want to get the right treatment wherever

More information

Household Debt and Business Cycles Worldwide Out-of-sample results based on IMF s new Global Debt Database

Household Debt and Business Cycles Worldwide Out-of-sample results based on IMF s new Global Debt Database Household Debt and Business Cycles Worldwide Out-of-sample results based on IMF s new Global Debt Database Atif Mian Princeton University and NBER Amir Sufi University of Chicago Booth School of Business

More information

National disaster loss and damage databases UNDP s experience and lessons learned Presented by Sanny Jegillos Senior Adviser

National disaster loss and damage databases UNDP s experience and lessons learned Presented by Sanny Jegillos Senior Adviser National disaster loss and damage databases UNDP s experience and lessons learned Presented by Sanny Jegillos Senior Adviser Bureau for Policy and Programme Support UNDP Bangkok Regional Hub 1 Why disaster

More information

Online Free Services Available on the Portal

Online Free Services Available on the Portal Online Free Services Available on the Portal MFN/Preferential Tariff of over 50 Countries MFN/ Preferential Tariff and SPS-TBT of India Rules of Origin to get preferential access to targeted markets under

More information

SEPTEMBER 2017 Global Opportunity Index: Global Investors Growing Focus on Asia

SEPTEMBER 2017 Global Opportunity Index: Global Investors Growing Focus on Asia SEPTEMBER 2017 Global Opportunity Index: Global Investors Growing Focus on Asia Jakob Wilhelmus EXECUTIVE SUMMARY As part of the Milken Institute s mission to improve access to capital, the Global Opportunity

More information

PRESENTATION ON Fiscal Policy for Development and Budgetary Implications: Experience in Other Parts of Asia

PRESENTATION ON Fiscal Policy for Development and Budgetary Implications: Experience in Other Parts of Asia PRESENTATION ON Fiscal Policy for Development and Budgetary Implications: Experience in Other Parts of Asia By Dr. Ashfaque H. Khan Principal NUST Business School National University of Sciences & Technology,

More information

17-18 October 2017 Phnom Penh, Cambodia CONCEPT NOTE

17-18 October 2017 Phnom Penh, Cambodia CONCEPT NOTE Strengthening Development of Least Developed Countries in Asia and the Pacific to support implementation of the 2030 Agenda for Sustainable Development 17-18 October 2017 Phnom Penh, Cambodia CONCEPT NOTE

More information

Economic and Social Council

Economic and Social Council United Nations Economic and Social Council E/ESCAP/73/29 Distr.: General 7 March 2017 Original: English Economic and Social Commission for Asia and the Pacific Seventy-third session Bangkok, 15-19 May

More information

The outlook firms as trade

The outlook firms as trade DECEMBER 2018 Asian development OUTLOOK SUPPlement HIGHLIGHTS Backed by robust domestic demand, developing Asia continues to weather external headwinds. This Supplement maintains growth projections at

More information

Asia Key Economic and Financial Indicators 20-Oct-16

Asia Key Economic and Financial Indicators 20-Oct-16 Asia Key Economic and Financial Indicators -Oct- ASEAN Brunei (BN) Cambodia (KH) Indonesia () Laos (LA) Malaysia () Myanmar (MM) Philippines () Singapore () Thailand () Vietnam () East Asia China (CN)

More information

Argentina Bahamas Barbados Bermuda Bolivia Brazil British Virgin Islands Canada Cayman Islands Chile

Argentina Bahamas Barbados Bermuda Bolivia Brazil British Virgin Islands Canada Cayman Islands Chile Americas Argentina (Banking and finance; Capital markets: Debt; Capital markets: Equity; M&A; Project Bahamas (Financial and corporate) Barbados (Financial and corporate) Bermuda (Financial and corporate)

More information

ASIAN DEVELOPMENT BANK OUTLOOK 2014 FISCAL POLICY FOR INCLUSIVE GROWTH HIGHLIGHTS

ASIAN DEVELOPMENT BANK OUTLOOK 2014 FISCAL POLICY FOR INCLUSIVE GROWTH HIGHLIGHTS ASIAN DEVELOPMENT OUTLOOK 2014 FISCAL POLICY FOR INCLUSIVE GROWTH HIGHLIGHTS ASIAN DEVELOPMENT BANK ASIAN DEVELOPMENT OUTLOOK 2014 FISCAL POLICY FOR INCLUSIVE GROWTH HIGHLIGHTS ASIAN DEVELOPMENT BANK 2014

More information

Developing Asia: robust growth prevails. Economics and Research Department Asian Development Bank

Developing Asia: robust growth prevails. Economics and Research Department Asian Development Bank Developing Asia: robust growth prevails Economics and Research Department Asian Development Bank Preview Prospects for world economy in 2006-2007: positive but risks remain Developing Asia in 2006-2007:

More information

Contents. Introducing Global-KDIC KSP. Ⅱ Sharing KDIC s Experience. Lessons and Future Work

Contents. Introducing Global-KDIC KSP. Ⅱ Sharing KDIC s Experience. Lessons and Future Work Contents Ⅰ Introducing Global-KDIC KSP Ⅱ Sharing KDIC s Experience Ⅲ Lessons and Future Work 2 Ⅰ. Introducing Global-KDIC KSP 3 Deposit Insurance System (DIS)? Deposit Insurance System (DIS) A system established

More information

Asia Key Economic and Financial Indicators 13-Jul-17

Asia Key Economic and Financial Indicators 13-Jul-17 Asia Key Economic and Financial Indicators -Jul-7 ASEAN Brunei (BN) Cambodia (KH) Indonesia () Laos (LA) Malaysia () Myanmar (MM) Philippines () Singapore () Thailand () Vietnam () East Asia China (CN)

More information

Asian Development Outlook 2017

Asian Development Outlook 2017 1 Asian Development Outlook 2017 Transcending the Middle-Income Challenge Donghyun Park Principal Economist Asian Development Bank The views expressed in this document are those of the authors and do not

More information

Capitalizing on Mongolia s mineral resources as key engine for infrastructure development and economic growth

Capitalizing on Mongolia s mineral resources as key engine for infrastructure development and economic growth Capitalizing on s mineral resources as key engine for infrastructure development and economic growth Praha May 2010 Ministry of Road, Transportation, Construction and Urban Development of Agenda Overview

More information

Economic and Social Council

Economic and Social Council United Nations E/ESCAP/73/5 Economic and Social Council Distr.: General 7 March 2017 Original: English Economic and Social Commission for Asia and the Pacific Seventy-third session Bangkok, 15-19 May 2017

More information

ASIAN DEVELOPMENT OUTLOOK 2015 FINANCING ASIA S FUTURE GROWTH HIGHLIGHTS ASIAN DEVELOPMENT BANK

ASIAN DEVELOPMENT OUTLOOK 2015 FINANCING ASIA S FUTURE GROWTH HIGHLIGHTS ASIAN DEVELOPMENT BANK ASIAN DEVELOPMENT OUTLOOK 2015 FINANCING ASIA S FUTURE GROWTH HIGHLIGHTS ASIAN DEVELOPMENT BANK ASIAN DEVELOPMENT OUTLOOK 2015 Financing asia s future GROWTH HIGHLIGHTS ASIAN DEVELOPMENT BANK Creative

More information

Mainstreaming Disaster Risk Reduction into Development Policy, Planning and Implementation

Mainstreaming Disaster Risk Reduction into Development Policy, Planning and Implementation International Perspectives: Mainstreaming Disaster Risk Reduction into Development Policy, Planning and Implementation Loy Rego Arghya Sinha Roy The views expressed in this paper are the views of the authors

More information

Financing Sustainable Infrastructure In Asia. Fei Yu Deputy Representative Asian Development Bank North American Representative Office

Financing Sustainable Infrastructure In Asia. Fei Yu Deputy Representative Asian Development Bank North American Representative Office Financing Sustainable Infrastructure In Asia Fei Yu Deputy Representative Asian Development Bank North American Representative Office Agenda The Asia Scene The sustainable infrastructure gap The current

More information