Asian Development Bank
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For ADB members in Asia and the Pacific, stronger tax systems are now more important than ever-to boost revenues enabling recovery from the economic shocks of COVID-19, and to reinforce implementation of Sustainable Development Goals. Using comparative data up to the fiscal year 2020 and drawing from the International Survey on Revenue Administration (ISORA 2021), this sixth edition in our series analyzes the administrative setups and performance...
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This report explores green bonds and other finance instruments for climate-resilient infrastructure to help meet the growing demand for green investments and achieve a low carbon economy in Indonesia. The Climate Bonds Initiative (CBI) consulted with experts in partnership with ADB, the ASEAN Catalytic Green Finance Facility, and PT Sarana Multi Infrastruktur under Indonesia's Ministry of Finance in preparing this updated report, following previous...
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This publication was prepared for the Cross-Border Settlement Infrastructure Forum (CSIF) to support its efforts to establish central securities depository and real-time gross settlement linkages. It aims to build a common understanding among CSIF members about international standards and gateways for these linkages, including user requirements and technical specifications. The publication reflects the collaborative efforts currently underway to further...
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This report examines the opportunities for developing equitable and efficient means to manage water resources in the Dudh Koshi river system in Nepal. The report suggests economically and environmentally sustainable management considering challenges that involve climate change. The study proposes a strategic planning framework that covers the holistic, technical, economic, social, and environmental aspects of integrated water resources management...
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This publication provides an overview of institutional investors' interest in green bonds issued in Cambodia, along with an assessment of the perspectives of local arrangers and underwriters on their clients' interest in green bond issuances. It presents the results of a survey to help identify drivers, impediments, and development priorities for Cambodia's sustainable finance market. The findings and insights presented in this publication are intended...
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This report provides a snapshot view of road safety conditions in 11 Central Asia Regional Economic cooperation (CAREC) member countries. It shows the status of key road safety issues in each country, progress toward national policies, and the actions taken toward achieving the objectives of the CAREC Road Safety Action Plan. The information in this report will help development partners identify priorities, resources, and possible actions to help...
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This publication shares lessons from performance-based road maintenance contracts implemented in Azerbaijan, Georgia, the Kyrgyz Republic, Mongolia, the People's Republic of China, and Tajikistan. It outlines the contract scope, performance standards, inspections, response and reaction times, payments and deductions, and procurement and contract costs. The publication highlights learning from the different experiences and provides recommendations...
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This technical guidance note lays out the requirements for presenting, auditing, submitting, and publicly disclosing financial reports for sovereign operations financed by ADB in Asia and the Pacific region. It highlights why robust financial reporting, auditing, management, and monitoring of sovereign operations funded or administered by ADB is essential to ensure they comply with its mandate. Stressing the importance of strong borrower governance,...
9) Manual on Climate Change Adjustments for Detailed Engineering Design of Roads Using Examples from
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This step-by-step manual describes procedures for climate change adjustments relative to extreme rainfall and local sea level estimates. The principles presented are based on worked examples discussed in the knowledge product accompanied by this manual. While the overall approach on climate change adjustment procedures and calculations are intended to be as transparent as possible, key sources of information and assumptions are open to scrutiny as...
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A sharp increase in nonperforming loans (NPLs) could destabilize financial systems in Asia and the Pacific and compromise post-pandemic economic recovery. This report explains how trading distressed assets could help relieve pressure on banks to ensure they have the capacity to continue financial intermediation. It examines the feasibility of establishing an electronic marketplace to facilitate the trade of NPLs in the region. Designed to serve as...
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The development of micro, small, and medium-sized enterprises (MSMEs) remains key to promoting inclusive growth in developing economies in Asia and the Pacific. The Asia Small and Medium-Sized Enterprise Monitor (ASM) provides data and analysis as a resource for evidence-based policy design on MSME development. The ASM 2020 focuses on Southeast Asia and this first volume reviews the financial and non-financial conditions of MSMEs at country and regional...
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Cumulative transport investments under the Central Asia Regional Economic Cooperation (CAREC) program reached $23. 4 billion in 2017 through which approximately 9,964 kilometers of expressways or national highways were built or improved. For the upkeep of road corridors, CAREC countries agreed to take measures to set up road funds and road tolling to ensure adequate maintenance funding. This guide presents fundamental concepts of road tolling; addresses...
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This publication examines beneficial ownership transparency in nine countries in Asia and the Pacific and explains how overcoming hurdles to ensure the full disclosure of company ownership is key to cracking down on crime and corruption. Focusing on countries including Armenia, Mongolia, and the Philippines, it offers a breakdown of relevant international standards and details challenges related to accurate data verification, collection, and disclosure....
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This publication reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. It covers the 10 members of the Association of Southeast Asian Nations and the People's Republic of China; Hong Kong, China; and the Republic of Korea.
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This report explores the implications of the Fourth Industrial Revolution (4IR) on the future of the job market in the Philippines. It assesses how jobs, tasks, and skills are being transformed in the information technology-business process outsourcing industry and electronics manufacturing industry. These two industries have high relevance to 4IR technologies and are important to the country's employment, growth, and international competitiveness....
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Coastal municipalities across the Asia and Pacific region are looking for solutions to worsening salinity levels in their water sources due to overextraction of groundwater and rising sea levels. The transition from groundwater to surface water or conjunctive use can be costly and technically complex. But it is possible, as proven by the Khulna Water Supply Project, cofinanced by the Asian Development Bank and the Japan International Cooperation Agency....
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This publication examines an alternative way to provide education more efficiently and effectively through public–private partnerships by looking into the secondary education policy of the Republic of Korea and Japan. Focusing on the financial support for private schools and on the accountability system, it explores the contribution of public–private partnerships in universal secondary education in these two countries. Despite initial challenges,...
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The Asian Development Bank (ADB) and The Asia Foundation prepared this report as a guide to support women's entrepreneurship in Asia and the Pacific. The three parts of the report cover the key barriers that women in Asia and the Pacific face when trying to establish or grow a business, case studies of projects supported by ADB and The Asia Foundation throughout the region, and proposed areas for further research. The recommendations are aimed at...
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The Greater Mekong Subregion (GMS) countries share common challenges and issues that prevent women from fully benefiting from economic opportunities. Many of these challenges have been further exacerbated by the COVID-19 pandemic. “The GMS Gender Strategy” outlines a regional approach for advancing gender equality and women's empowerment in the subregion. It identifies strategic directions and key entry points to mainstream gender across all operational...
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This report prepared by an Asia—Pacific Road Safety Observatory (APRSO) taskforce analyzes how improving crash and accident data collection can better protect lives on the region's roads. It looks at the type of data countries should prioritize and explains why bolstering data quality would help reach targets of halving road injuries and deaths. The report considers how other regions share crash statistics. APRSO recommends collecting aggregated...