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Asian Development Bank launches Asian Development Outlook Report 2015

Asian Development Bank launches Asian Development Outlook Report 2015

ISLAMABAD: The Asian Development Bank released its landmark report Asian Development Outlook 2015 (ADO) on Tuesday. ADO provides a comprehensive analysis of macroeconomic issues in developing Asia, including growth projections by country and region. ADO presents analysis of 45 economies, including Pakistan.

“This year’s ADO theme chapter, Financing Asia’s Future Growth, will examine the role of the financial system in supporting inclusive and stable growth as the region transitions toward a new growth paradigm built on efficient investment and increased productivity” a well placed source at Finance Ministry told this scribe here on Monday.

As per information, ADB Pakistan chapter will organize a serene ceremony here in the federal capital for the launch of ADO 2015. Country Director Dr. Werner E. Liepach will present the said report.

ADO is covering key economic areas like economic prospects for developing Asia and the Pacific, impacts of oil price changes on the economic outlook, risk of rising debt levels on developing Asia, the role of financial systems in supporting inclusive growth as well as approaches to expand financial inclusion.

The report also examines the prospects for developing Asia by sub region:  Central Asia, East Asia, South Asia, Southeast Asia, and the Pacific. Technical assistance reports provide the context and background of the project, and provide information on impacts and outcomes; key activities; estimated costs; financing; and implementation arrangements.

By providing insights into the economic issues faced by Asia and the Pacific, ADO has become one of the main vehicles to promote ADB’s knowledge and expertise about the region. Its content informs ADB Management opinion and guides institutional views about the region’s macroeconomic prospects and important development issues. The production of the ADO has been regularly supported by technical assistance (TA) funding.1 The objectives, scope, and activities to be covered by the regional TA are in Appendix.

The ADO2015 comprises chapters including, Developing Asia and the World, Financial Development for Growth and Stability and Economic Trends and Prospects in Developing Asia.

The Asian Development Outlook, popularly known as the ADO, is a series of annual economic reports on the developing member countries (DMCs) of the Asian Development Bank. The ADO provides a comprehensive analysis of macroeconomic and development issues for the DMCs of ADB.

 

The ADO features an assessment of economic trends and prospects for the world and for the developing economies of Asia and the Pacific, economic profiles, economic management issues, development policy concerns, and economic projections, for the DMCs of ADB, and a theme chapter covering important issues confronting the region.

The ADO 2014 highlighted Regional growth to pick up from 6.1% in 2013 to 6.2% in 2014 and further to 6.4% in 2015. Growth in the major industrial economies slipped in the first half of 2014. Targeted measures to stabilize investment helped the PRC sustain growth.

India shows new promise of an economic turnaround. Growth slows in the main economies of Southeast Asia. Weakening food prices and stable oil prices keep inflation in check, remaining steady at 3.4% in 2014 and 3.7% in 2015. Developing Asia’s current account balance remains stable, maintaining a surplus equal to 2.1% of regional GDP in 2014 and 2.0% in 2015.All Asian economies face the challenge of strengthening links to dynamic production chains.