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Asian Development Outlook 2015 to be launched on March 24

Asian Development Outlook 2015 to be launched on March 24

ISLAMABAD: The Asian Development Bank will release its landmark report Asian Development Outlook 2015 (ADO) on Tuesday, March 24.

The ADO provides a comprehensive analysis of macroeconomic issues in developing Asia, including growth projections by countries and regions. The 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 systems in supporting inclusive and stable growth, as the regions transit toward a new growth paradigm built on efficient investment and increased productivity,” a well-placed source at the Finance Ministry told this scribe.

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

The 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 in 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-regions: Central Asia, East Asia, South Asia, Southeast Asia, and the Pacific.

Technical assistance reports provide the context and background of the project, and give 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, the ADO has become one of the main vehicles to promote ADB’s knowledge and expertise about the region.

The ADO 2015 consists of chapters including Developing Asia and the World; Financial Development for Growth and Stability; and Economic Trends and Prospects in Developing Asia.

The ADO 2014 highlighted that regional growth will 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.