Toward a New Asian Development Bank in a New Asia: Report of the Eminent Persons Group to The President of the Asian Development Bank
Asian Development Bank | March 2007
Abstract
By 2020 Asia will be dramatically transformed into a region that has largely conquered extreme poverty, with 90 percent of its people living in middle-income countries, and with a regional economy accounting for 45 percent of global GDP and 35 percent of world trade. “To effectively carry out its new role in a rapidly changing Asia, the Asian Development Bank must radically change itself, and adopt a new paradigm of development banking that allows it to be responsive to the region’s evolving needs between now and 2020,” said Dr. Supachai Panitchpakdi, Secretary- General of the UN Conference on Trade and Development and Chair of the Eminent Persons Group. The New ADB must become more focused, driven by three strategic directions:
• Moving from fighting extensive poverty to supporting higher and more inclusive growth.
• Moving from economic growth to environmentally sustainable growth.
• Moving from a primarily national focus to a regional and global focus.
The New ADB should focus on six core activities—infrastructure, financial sector development, energy and environment, regional integration, technological development, and knowledge management. A priority will be raising productivity and creating better paying jobs to meet the public’s rising expectations, while minimizing problems posed by rapid growth and social change. To meet these goals, the New ADB will need to rebuild its technical, financial, and economic expertise to standards that would earn the respect and confidence of more sophisticated clients in borrower countries and potential partners in the private sector.
Citation
Asian Development Bank. 2007. Toward a New Asian Development Bank in a New Asia: Report of the Eminent Persons Group to The President of the Asian Development Bank. © Asian Development Bank. http://hdl.handle.net/11540/2545. License: CC BY 3.0 IGO.Keywords
Comprehensive Development Framework
Development Challenges
Development Planning
Millennium Development Goals
Policy Development
Program Evaluation
Performance Evaluation
Evaluation Criteria
Capital Market Development
Development Economics
Financial Sector Development
Technology Development
World Development Indicators
Evaluation Methods
Development assistance
ADB
Curriculum development
Development assistance
Development aid
Development indicators
Development potential
Development models
Project appraisal
Performance appraisal
Economic development
Economic indicators
Government programs
Economic growth
Economic policy
Industrial development
Industrial policy
Technology assessment
Economic evaluation
Economic forecast
Input output analysis
Communication in rural development
Communication in community development
Infrastructure
Central planning
Endowment of research
Partnership
Joint venture
Nation-building
Risk assessment
Economic development projects
Economic forecasting
Industrial research
Participatory monitoring and evaluation
Economic policy
Economic forecasting
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