Ircuss suid in ^cv !

cIhi, Indiu, on thc
cvc of thc \^ Iruncvork Convcntion
on CIinutc Chungc (COI-16) ncgotiutions
in Cuncun. "^cgotiutors in Mcxico nust
rccognizc thut cIinutc chungc uggruvutcs
thc pIight of thc poor und vork to cnsurc
thut povcrty rcduction is ccntruI to u post-
Kyoto ugrccncnt.¨
Asiu und thc Iucific is honc to tvo-
thirds of thc vorId`s poor pcopIc. Thcir
IivcIihoods dcpcnd on cIinutc-scnsitivc
NEWS FROM 1HE ASlAN DEVELOPMEN1 8ANK December 2010
IN 1HI5 I55UF
1OP NFW5 AD8's Cleah Air Scorecard Io Help Asia Reduce Air PolluIioh 3 5PFFCH SusIaihable GrowIh: 1he
View !rom Asia 4 FFA1UßF Lao PDR: Farmihg SmarIer 6 PßOJFC15 8ahgladesh
GeIs $615M !or 8ridge ProjecI 7 $120M Loah Io lmprove Urbah Plahhihg, Services
ih Dhaka ahd Khulha 7 $108M Rural lh!rasIrucIure ProjecI Io Spur GrowIh 7 AD8
ExIehds $315M !or Highway Overhaul ih lhdia's KarhaIaka SIaIe 8 AD8 Io Help
PRC's Smaller CiIies SwiIch Io NaIural Gas, Save Ehergy 9 $120M lhvesImehI Io Help
PNG Address CriIical Gaps ih Power Supply 9 AD8 Sighs JoihI VehIure AgreemehI Io
Develop Rehewable Ehergy ih lhdia 9 ßFGULAß 5FC1ION5 PublicaIiohs 10 EvehIs 10
OpporIuhiIies 11 OperaIiohs UpdaIes 12
What's lnside
Farming 5marter
Aided by invesImenIs in skill Iransíers, irrigaIion, and road
upgrades, villagers in Ihe Lao highlands now have Ihe knowledge
Io improve Iheir íarming and markeIing Iechniques, connecIing
Ihem Io markeIs as íar away as !apan. Pead Ihe sIory on page 6.
D
cIcgutcs guthcring for thc \nitcd
^utions cIinutc tuIks in Mcxico in
!cccnbcr nust considcr thc dis-
proportionutc inpuct thut cIinutc chungc
hus on poor pcopIc in thcir ncgotiutions on
u succcssor to thc Kyoto IrotocoI urrungc-
ncnts, suid A!H \icc-Ircsidcnt \rsuIu
Schucfcr-Ircuss.
"Iovcrty is incxtricubIy Iinkcd vith cn-
vironncntuI issucs, und cIinutc chungc is
nuking thc situution vorsc,¨ Ms. Schucfcr-
Corporate lssuance Drives
Local Bond Markets to $5I
A
rupid risc of corporutc bond issuuncc in cncrging !ust
Asiu hus drivcn thc grovth in thc rcgion`s IocuI currcncy
bond nurkcts to just ovcr $5 triIIion.
Thc Iutcst cdition of A!H`s quurtcrIy Asia Bond Monitor shovs
thcrc vcrc $1.556 triIIion in corporutc bonds outstunding ut thc
cnd of Scptcnbcr, 23.S% norc in IocuI currcncy tcrns thun u
ycur curIicr und 5.7% norc thun ut thc cnd of Junc.
"Conpunics urc tuking thc opportunity to ruisc noncy in
Asiu`s IocuI currcncy bond nurkcts bccuusc of thc groving dc-
nund fron invcstors, purticuIurIy ovcrscus invcstors,¨ suid Ivun
Azis, hcud of A!H`s Officc of RcgionuI !cononic Intcgrution,
vhich produccd thc rcport. "Iorcign intcrcst hus riscn, givcn
Asiu`s fuvorubIc grovth funduncntuIs, Iovcr intcrcst rutcs in
nuturc nurkcts, und dcspitc udninistrutivc ncusurcs in sonc
countrics to Iinit cupituI infIovs.¨
IocuI currcncy govcrnncnt bonds in cncrging !ust Asiu
totuIcd $3.550 triIIion, 14.6% highcr ycur-on-ycur und 1.º%
highcr quurtcr-on-quurtcr. Thc sIovcr grovth cunc vith nuny
countrics nov puring thcir fiscuI stinuIus puckugcs und vith sonc
ccntruI bunks opting to sIov stcriIizing bond suIcs.
!ncrging !ust Asiu conpriscs thc IcopIc`s RcpubIic of
Chinu (IRC): Iong Kong, Chinu: Indoncsiu: RcpubIic of Korcu:
MuIuysiu: IhiIippincs: Singuporc: ThuiIund: und \ict ^un.
ADB to lnvest in lts First Fund
on Water lnfrastructure in Asia
A
!H is invcsting up to $20 niIIion in thc Asiu Wutcr Iund-
its first-cvcr invcstncnt in u privutc cquity fund soIcIy
focuscd on supporting thc dcvcIopncnt of vutcr-rcIutcd
infrustructurc in thc rcgion.
ADB Calls for COP-16 Climate
Change Ialks to Emphasize
Poverty Reduction
$
'
%
(ConIinued on page J)
(ConIinued on page 2)
(ConIinued on page 2)
Asia ahd Ihe Paci!ic is home Io Iwo-Ihirds o! Ihe world's poor people. 1heir livelihood
depehds oh climaIe-sehsiIive secIors, such as agriculIure, !oresIry, ahd IradiIiohal !ishihg.
A
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2 December 20!0
NEW5
ADß CaIIs !or. (ConIinued írom page !)
scctors, such us ugricuIturc, forcstry, und trudi-
tionuI fishing, vhich bcur thc brunt of cIinutc
chungc cffccts, such us fIooding, drought, rising
scu IcvcIs, und cxtrcnc vcuthcr cvcnts.
In thc pust 2 dccudcs, thc rcgion`s booning
ccononics und rupid industriuI cxpunsion huvc
Iiftcd hundrcds of niIIions out of povcrty, but this
progrcss hus cxuctcd u hcuvy cnvironncntuI toII.
Morc thun huIf of thc rcgion`s poor Iivc in
cnvironncntuIIy dcgrudcd urcus, vhcrc dccIining
furn und coustuI productivity nov thrcutcn busic
IivcIihoods. This in turn is forcing u nuss nigru-
tion into urbun sIuns thut urc poIIutcd, congcstcd,
und vuIncrubIc to nuturuI und nun-nudc disustcrs.
Spcuking ut un intcrnutionuI confcrcncc in
^cv !cIhi, Ms. Schucfcr-Ircuss uIso cuIIcd for
countrics in Asiu und thc Iucific to rccognizc thut
continucd grovth und cnvironncntuI sustuinubiI-
ity cun go hund in hund.
"WhiIc tuckIing thc probIcn of cnvironncntuI
dcgrudution, govcrnncnts und intcrnutionuI ugcn-
cics nust coIIuborutc vith thc privutc scctor to
crcutc grccn jobs und ncv IivcIihood opportunitics
for thc urbun und ruruI poor,¨ Ms. Schucfcr-
Ircuss suid.
"Grccn tcchnoIogics bcing dcvcIopcd und
dcpIoycd to tuckIc cIinutc chungc couId bc hur-
ncsscd to producc thc tripIc bcncfit of rcducing
povcrty, uddrcssing cIinutc chungc, und protccting
thc cnvironncnt und cIcuning poIIutcd urcus.¨
Thc ^cv !cIhi cvcnt, Thc !nvironncnts
of thc Ioor in thc Contcxt of CIinutc Chungc
und thc Grccn !conony: Muking SustuinubIc
!cvcIopncnt IncIusivc, vus orgunizcd by A!H
ADß Io InvesI. (ConIinued írom page !)
Thc A!H Hourd of !ircctors upprovcd thc
cquity invcstncnt in thc Asiu Wutcr Iund, vhich
viII invcst in vutcr und vustcvutcr usscts in thc
IcopIc`s RcpubIic of Chinu (IRC) und ucross
Southcust Asiu.
"Hy tuking purt in thc fund, A!H viII
cutuIyzc norc privutc invcstncnt in nuinstrcun
vutcr scctor dcvcIopncnt in Asiu, vhich in turn
viII hcIp spur sustuinubIc grovth und inprovc
Iiving stundurds in thc rcgion,¨ suid Robcrt vun
Zvictcn, dircctor of A!H`s Irivutc Scctor Opcru-
tions !cpurtncnt.
Ircsh vutcr stocks uround thc vorId urc
undcr sicgc fron u groving popuIution, industri-
uIizution und urbunizution, chunging food con-
sunption puttcrns, poIIution, und cIinutc chungc.
In Asiu, ubout huIf u biIIion pcopIc stiII Iuck ucccss
to potubIc vutcr und 1.S biIIion urc vithout ucccss
to dcccnt sunitution. With gIobuI dcnund for vutcr
cxpcctcd to doubIc cvcry 20 ycurs, thcrc is u criti-
cuI nccd for ncv infrustructurc. A study by A!H
und its purtncrs cstinutcs thut ubout $S biIIion in
invcstncnts urc nccdcd cvcry ycur to ncct thc
MiIIcnniun !cvcIopncnt GouI turgcts for sufc
drinking vutcr und sunitution in Asiu und thc
Iucific ovcr thc ncxt dccudc.
Thc Asiu Wutcr Iund viII bc ovncd by u
subsidiury of thc AnInvcstncnt Group, vhich
hus u truck rccord in privutc cquity invcstncnts
of norc thun 24 ycurs. It viII turgct invcstncnts in
nunicipuI, industriuI und ruruI vutcr und vustc-
vutcr trcutncnt pIunts, und vutcr rchubiIitution.
About 70% of its portfoIio viII bc in thc IRC und
thc rcst in Southcust Asiu.
Thc turgct fund sizc is $100 niIIion, vith un
unticiputcd first cIosing of $40 niIIion this ycur.
It viII injcct uround $5 niIIion to $10 niIIion pcr
invcstncnt.
"Thc fund viII uin to nitigutc risks through
gcogruphic und scctor portfoIio divcrsificution,
by contructing rcputubIc cnginccring groups,
by invcsting in conpunics vith high corporutc
govcrnuncc und finunciuI nunugcncnt stund-
urds, und by sccking u nujority ovncrship stukc
in cuch invcstncnt,¨ suid M. Shin Kin, hcud of
Irivutc !quity in A!H`s Irivutc Scctor Opcru-
tions !cpurtncnt.
It viII scck out projccts thut cngugc cnginccr-
ing conpunics vith u strong truck rccord in thc
scctor und u viIIingncss to invcst thcir ovn cquity,
hcIping to gcncrutc strong rcturns und grcutcr
privutc scctor purticipution. Thc opportunity
for incrcuscd privutc invoIvcncnt in vutcr hus
incrcuscd ovcr thc pust 2 ycurs vith govcrnncnt
finunccs struincd by thc gIobuI crisis und thc
rcguIutory cnvironncnt in Asiu gruduuIIy noving
tovurd fuII-cost rccovcry, nuking such invcst-
ncnts norc cost-cffcctivc.
"Irivutc vutcr invcstncnts viII hcIp uIIcviutc
Asiu`s inpcnding vutcr crisis vhiIc nuking u
sustuinubIc rcturn to invcstors crcutc u vin-vin
soIution for uII stukchoIdcrs,¨ Mr. Kin uddcd.
A!H`s invcstncnt viII bc kcpt ut u IcvcI
thut cnsurcs it docs not cxcccd u 25% stukc in
thc fund or bcconc thc Iurgcst stukchoIdcr. Thc
IntcrnutionuI Iinuncc Corporution hus uIso con-
nittcd to invcst up to $20 niIIion. Thc fund viII
huvc u 10-ycur Iifc, vith tvo 1-ycur cxtcnsions
for divcstncnt. „
A !armer ahd his wi!e !eIch waIer !rom a reservoir ih
Yuhhah provihce o! Ihe People's Republic o! Chiha.
AbouI 70% o! Ihe Asia WaIer Fuhd's porI!olio will be
ih Ihe PRC.
A
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und 14 dcvcIopncnt purtncrs on 24-26 ^ovcnbcr,
und guthcrcd ubout 150 cxpcrts fron thc govcrn-
ncnt, privutc scctor und think tunks. „
Private water investments will help alleviate
Asia's impending water crisis while making a
sustainable return to investors create a win-win
solution for all stakeholders
M. Shih Kim
Head o! PrivaIe EquiIy
AD8's PrivaIe SecIor
OperaIiohs DeparImehI
J December 20!0
NEW5
CorporaIe Issuance. (ConIinued írom page !)
Thc fustcst groving corporutc bond nurkcts ut
thc cnd of Scptcnbcr vcrc thc IRC und Indoncsiu,
both of vhich grcv 10.º% on u quurtcr-on-quurtcr
busis, foIIovcd by Singuporc`s corporutc bond
nurkct, vhich grcv 7.1%. Grovth of thc IRC
nurkct rcfIcctcd thc strcngth of thc ncdiun-tcrn
notc und conncrciuI pupcr nurkcts coupIcd vith
u rccovcry in issuuncc by stutc-ovncd cntcrpriscs.
Grovth in thc Indoncsiun und Singuporcun
corporutc nurkcts rcfIcctcd groving intcrcst by
forcign invcstncnt funds in thcsc nurkcts, vhich
hus hcIpcd inprovc thc Iiquidity this ycur.
"Whut vc urc sccing is u funduncntuI chungc
in thc invcstor nukcup in cncrging !ust Asiu`s
bond nurkcts. Iuving nov bcconc funiIiur
vith thcsc nurkcts, forcign invcstors urc IikcIy
to scc thcn us u corc purt of thcir portfoIios,¨
suid Mr. Azis.
Thc AnnuuI Hond Murkct Iiquidity Survcy,
conductcd by AsiunHondsOnIinc und rcIcuscd vith
thc quurtcrIy $VLD%RQG0RQLWRU, shovcd Iiquidity
in cncrging !ust Asiu`s bond nurkcts continucs
to incrcusc duc to rising forcign invcstor intcrcst
in thc nurkcts und incrcusing invcstor divcrsity.
!fforts to consoIidutc bond issucs und
incrcusc thc sizc of bcnchnurk offcrings in thc
RcpubIic of Korcu, thc IhiIippincs, und Singuporc
uIso hcIpcd.
Thc survcy of 112 rcspondcnts, conductcd
fron nid-August to nid-Octobcr, shovcd nurkct
pIuycrs ucross thc rcgion stiII scc grcutcr invcstor
und trudcr divcrsity us thc nost inportunt issuc
to incrcusc Iiquidity. Thc uvuiIubiIity of hcdging
ncchunisns, forcign cxchungc rcguIutions, und
nurkct ucccss vcrc uIso dccncd inportunt.
Ior thc corporutc bond nurkcts, survcy
purticipunts suid issucs thut nccdcd to bc tuckIcd
vcrc invcstor divcrsity, tux trcutncnt, und hcdging
ncchunisns. „
Dowhload Ihe reporI aI www.asiahbohdsohlihe.adb.
org/documehIs/abm¸hov¸2010.pd!
Having now become familiar with these
markets, foreign investors are likely to see them
as a core part of their portfolios
lwah Azis
Head o! AD8's O!!ice o! Regiohal
Ecohomic lhIegraIioh
"4*"#0/%.0/*503
NOVLM8LR 2010
ADB's Clean Air 5corecard to Help
Asia Reduce Air Pollution
A
siu und thc Iucific nust vork hurdcr to
uddrcss uir poIIution uIongsidc broudcr
cfforts to countcr cIinutc chungc, und u
ncv CIcun Air Scorccurd dcvcIopcd by A!H viII
hcIp thc rcgion do thut.
"Wc think it`s criticuI to huvc u conprchcnsivc
uir quuIity ncusurc to uIIov govcrnncnts to judgc
hov bcst to tuckIc uir poIIution und grccnhousc
gus cnissions,¨ suid ^cssin J. Ahnud, dircctor
of A!H`s !nvironncnt und Sufcguurds !ivision.
"And vorking to inprovc uir quuIity viII bcncfit
cvcryonc`s hcuIth und productivity, cspcciuIIy thut
of thc poor vho urc nost cxposcd to poIIution.¨
Thc CIcun Air Scorccurd, dcvcIopcd by A!H
through thc CIcun Air Initiutivc for Asiun Citics
Ccntcr (CAI-Asiu), givcs un ovcruII cIcun uir
scorc runging fron zcro, thc Iovcst grudc, to u
nuxinun of 100. It conpriscs thrcc individuuI
indcxcs: thc Air IoIIution und IcuIth Indcx, thc
CIcun Air Munugcncnt Cupucity Indcx, und thc
CIcun Air IoIicics und Actions Indcx.
WhiIc u nunbcr of indcxcs on uir quuIity und
cnvironncntuI pcrfornuncc uIrcudy cxist, thc
scorccurd is thc first tooI thut givcs u conprchcn-
sivc usscssncnt of nunugcncnt of poIIutunts und
grccnhousc gus cnissions by countrics und citics.
Thc CIcun Air Scorccurd hus bccn piIotcd
in thc citics of Hungkok, ThuiIund: Jukurtu, In-
doncsiu: und MuniIu, IhiIippincs. Thc CAI-Asiu
Ccntcr is roIIing it out for usc cIscvhcrc in Asiu,
incIuding in thc IcopIc`s RcpubIic of Chinu.
"IuiIing to controI uir poIIution und grccnhousc
gus cnissions viII spcII disustcr for thc rcgion,
putting ut risk thc hcuIth of thosc Iiving hcrc und
thc ccononic grovth of Asiu und thc Iucific,¨
Jitcndru Shuh, udvisor ut A!H`s RcgionuI und
SustuinubIc !cvcIopncnt !cpurtncnt, toId
thc Hcttcr Air OuuIity Confcrcncc (HAO) 2010
confcrcncc in Singuporc Iust nonth.
Thc confcrcncc, vith thc thcnc "Air
OuuIity in u Chunging CIinutc,¨ vus orgunizcd
by CAI-Asiu in purtncrship vith thc ^utionuI
!nvironncnt Agcncy of Singuporc, thc Iund
Trunsport Authority of Singuporc, thc Singuporc
!xhibition und Convcntion Hurcuu, A!H und
thc WorId Hunk. About 600 pcopIc uttcndcd thc
cvcnt fron uround thc rcgion to discuss hov to
inprovc uir quuIity. „
We think it's critical to have a comprehensive
air quality measure to allow governments to judge
how best to tackle air pollution and greenhouse
gas emissions
Nessim J. Ahmad
DirecIor o! AD8's EhvirohmehI ahd
Sa!eguards Divisioh
1he Cleah Air Scorecard will help couhIries ih Ihe
regioh assess Iheir mahagemehI o! polluIahIs ahd
greehhouse gas emissiohs.
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5PEECH
4 December 20!0 4
5ustainable Growth: Ihe View from Asia
The following excerpt is from the speech delivered by ADB President Haruhiko Kuroda at the Ìnternational Policy Advisory
Group: G20 Facing the Ìmmediate Big Ìssues for Global Recovery in Seoul, Republic of Korea on 9 November 2010.
lntroduction
Pro!essor Sachs has dohe ah excellehI job
o! highlighIihg Ihe immediaIe ecohomic
issues !acihg all o! us as we move beyohd
crisis ihIo global recovery. l am pleased Io
hoIe IhaI goverhmehIs across Asia ahd Ihe
Paci!ic are doihg Iheir besI Io cohIribuIe
Io Ihe global recovery while Iacklihg Ihe
pressihg issues o! currehcy, capiIal !lows,
ahd global imbalahces.
My Iopic Ihis morhihg builds oh Ihese
issues. How cah we e!!ecIively susIaih
growIh ih developihg Asia
1
? 1he regioh
musI cohIihue wiIh rapid ecohomic
growIh-buI growIh IhaI is susIaihable,
ihclusive, ahd ehvirohmehIally souhd, wiIh
poverIy reducIioh a cehIral prioriIy. 1o
accomplish Ihis, however, we musI keep our
resources-wheIher haIural, ehvirohmehIal,
ecohomic, or humah-ih balahce. 1hese are
Ihe dauhIihg challehges ahead.
8e!ore Iurhihg Io Ihe essehIial elemehIs
o! susIaihed growIh ih developihg Asia,
leI me provide a brie! ecohomic overview
!or developihg Asia.
Economic Outlook for Developing Asia
and Risks
Developihg Asia rebouhded !rom Ihe global
crisis wiIh a speed ahd vigor IhaI surprised
mahy-eveh wiIhih our owh regioh.
Emergihg Asia
2
became ah ehgihe o! global
recovery. 1his is ih parI due Io Ihe re!orms
uhderIakeh sihce Ihe 1997/98 Asiah !ihah-
cial crisis-primarily sIrohg !iscal cohsolida-
Iioh, !ihahcial resIrucIurihg, ahd moheIary
prudehce. AppropriaIe sIimulus measures
kepI domesIic demahd !irm ahd broughI
a rapid reIurh o! coh!idehce ih our regioh.
AD8's SepIember growIh !orecasI
shows developihg Asia's gross domesIic
producI (GDP) expahdihg by 8.2% ih 2010,
well above lasI year's 5.4%. SIimulus is how
beihg wiIhdrawh Io varyihg degrees-
based oh Ihe sIrehgIh o! Ihe recovery
ih each ecohomy. 8uI su!!ice Io say IhaI
as domesIic demahd remaihs sIrohg
ih Ihe regioh's larger ecohomies-ahd
Ihe privaIe secIor begihs Io ihvesI ohce
more-moheIary IighIehihg will be Ihe
primary Iool. lI will be balahced beIweeh
raIe hikes, ihcreased reserve requiremehIs,
ahd currehcy appreciaIioh, depehdihg oh
speci!ic macroecohomic heeds. 1argeIed
!iscal measures should remaih boIh Io
help vulherable secIors o! socieIy ahd Io
ehcourage small ahd medium ehIerprises,
which are Ihe maih driver o! growIh ih
mahy o! Ihe regioh's ecohomies.
We expecI ecohomic growIh Io cool
somewhaI hexI year as sIimulus is wiIhdrawh
ahd growIh ih advahced ecohomies slows.
8uI GDP growIh ih developihg Asia should
sIill be a robusI 7.3% ih 2011.
O! course, Ihere are risks ahd challehges.
Ahd we musI be prepared. 1he !irsI risk
would be a disrupIioh ih Ihe recovery o!
advahced ecohomies. Eveh wiIhouI Ihis,
Ihere are haggihg, lohg-Ierm issues-
ihcludihg uhemploymehI, how Io maihIaih
!iscal disciplihe wiIhouI disrupIihg recovery,
ahd how Io avoid Ihe lure o! proIecIiohism
as a policy opIioh.
1he secohd risk is capiIal !lows,
which could complicaIe macroecohomic
mahagemehI. RobusI ecohomic growIh
meahs developihg Asia has beguh IighIehihg
moheIary policy be!ore oIhers. Several
ecohomies have already raised policy raIes.
FasIer growIh ahd higher yields cah draw
excessive-ahd poIehIially volaIile-capiIal
!lows ihIo Ihe regioh. AuIhoriIies are
waIchihg asseI prices ahd exchahge raIes
care!ully, ahd several are begihhihg Io
use well-IargeIed capiIal cohIrols Io limiI
speculaIioh. Care musI be Iakeh, however,
hoI Io c reaIe disIorIiohs.
1hese all relaIe Io Ihe issues we
will discuss Ioday. How will cohIihued
quahIiIaIive easihg ih Ihe UhiIed SIaIes ahd
possibly oIher advahced ecohomies a!!ecI
asseI prices ih Ihe regioh? WhaI would be
Ihe impacI oh capiIal !lows ahd exchahge
raIes? How do we hahdle pressures oh
exchahge raIes? 1his is hoI so much abouI
exchahge raIes agaihsI reserve currehcies,
buI raIher ihIraregiohal exchahge raIe
policies. Ahd, o! course, whaI does all o! Ihis
meah !or moheIary cooperaIioh geherally,
ahd !or Asia speci!ically?
Haruhiko Kuroda, AD8 PresidehI
L
r
i
c

S
a
l
e
s
1
Developihg Asia ihcludes 44 developihg member
ecohomies o! AD8 ahd 8ruhei Darussalam.
2
Emergihg Asia ihcludes Ihe AssociaIioh o! SouIheasI
Asiah NaIiohs (ASEAN); Ihe People's Republic o! Chiha;
Hohg Kohg, Chiha; Republic o! Korea; 1aipei,Chiha;
ahd lhdia.
5 December 20!0
5PEECH
5ustaining Growth in Asia
Much has beeh said abouI Ihe heed Io !ix
global paymehIs imbalahces, ahd how Asia
cah cohIribuIe by boosIihg domesIic ahd
regiohal demahd, wheIher ihvesImehI or
cohsumpIioh. 8uI lookihg beyohd recovery,
developihg Asia is !acihg dauhIihg chal-
lehges, hoI ohly Io susIaih Ihe momehIum
o! Ihe recovery, buI also Io ehsure bal-
ahced, susIaihable, ahd ihclusive lohg-Ierm
growIh.
WiIh decades o! high growIh behihd
us, Asia's ih!luehce ih Ihe global ecohomy is
risihg dramaIically, prompIihg mahy Io say
IhaI Ihe 21sI cehIury belohgs Io Asia. 8uI l
always sIress IhaI Asia's !uIure success is hoI
pre-ordaihed. l! iIs sighi!icahI poIehIial is Io
be !ul!illed, Asia musI !ormulaIe sIraIegies
Io susIaih growIh momehIum, cohIihue
Io improve livelihoods, ahd work Ioward
ihclusive growIh. Policies IhaI were e!!ecIive
wheh Asia was largely a low-ihcome, capiIal-
scarce regioh are less likely Io be e!!ecIive
Ioday ahd ih Ihe !uIure.
l Ihihk Ihere are six broad areas IhaI
cah help susIaih growIh ih developihg Asia.
1he !irsI is Irade. 1rade has beeh a core
ihgrediehI o! Ihe regioh's pasI success, as
iI will be ih Ihe !uIure. 1rade sIraIegies
may vary !rom ohe couhIry or subregioh
Io Ihe hexI. EasI Asia ahd SouIheasI Asia,
!or example, cah !ocus oh ihIraregiohal
Irade ahd correspohdihg ihvesImehI Io
boosI domesIic demahd. 1he prioriIy ih
SouIh Asia, oh Ihe oIher hahd, should be
Io reduce Irade cosIs ahd ihIegraIe beIIer
wiIh Ihe resI o! developihg Asia. 1he
regioh should also develop mechahisms
!or cohsolidaIihg !ree Irade agreemehIs.
ASEAN, ASEAN+3, Ihe EasI Asia SummiI
process, ahd several oIher groups are
leahihg ih IhaI direcIioh.
1he secohd area o! !ocus is ih!rasIruc-
Iure-boIh quahIiIy ahd qualiIy. WiIhouI
ih!rasIrucIure, how cah ohe Irade ahd
produce e!!iciehIly? 1he recehI AD8 pub-
licaIioh ,QIUDVWUXFWXUHIRUD6HDPOHVV$VLD
esIimaIes IhaI Ihe regioh will heed $8 Iril-
lioh over Ihe hexI decade Io supporI rapid
urbahizaIioh ahd provide basic ih!rasIruc-
Iure ih rural areas. 1hese cohduiIs !or Irade
are crucial !or Ihe rural-urbah divide Io
harrow. lhvesImehI ih roads, waIer, ehergy,
ahd oIher services sIimulaIe Ihe ecohomy
ahd creaIe jobs.
1hird is !ihahce. AcIivaIihg Asiah
savihgs !or Asiah ihvesImehI is a greaI way
o! maihIaihihg growIh while cohIribuIihg
Io global rebalahcihg. 1o accomplish Ihis,
Asia musI sIrehgIheh ihsIiIuIiohal ahd
prudehIial regulaIory ahd supervisory
!rameworks, ahd make !ihahcial services
more accessible Io small ahd medium-sized
ehIerprises ahd households. Asia musI also
deepeh !ihahcial ihsIiIuIiohs ahd develop
local currehcy bohd markeIs !or sIable ahd
secure lohg-Ierm !ihahcihg-especially !or
ih!rasIrucIure. 1he developmehI o! pehsioh
ahd ihsurahce ihdusIries, Ioo, will allow a
wider base !or lohg-Ierm !ihahce, ahd will
also promoIe humah capiIal developmehI
by chahhelihg resources Io ihdividuals who
wahI Io ihvesI ih Iheir owh educaIioh.
Ahd IhaI is Ihe !ourIh area-humah
capiIal. EducaIioh sysIems are much beIIer
Ihah Ihey were jusI a decade or Iwo ago.
Ahd developihg Asia is geherally doihg well
oh aIIaihihg Ihe Millehhium DevelopmehI
Goals !or educaIioh. 8uI iI remaihs a very
lohg way !rom Ihe currehI average o!
advahced couhIries. Aside !rom sighi!icahI
ihvesImehI, re!orms are heeded Io aligh
educaIioh sysIems Io Ihe heeds o! Ihe
ecohomy ahd socieIy. Poorer ecohomies
also heed Io ihvesI more ih liIeracy ahd
basic educaIioh. Ahd gaihs !or middle- Io
high-ihcome emergihg Asiah ecohomies
will ihcreasihgly rely oh ihhovaIioh ahd
Iechhology-hoI Ihe leasI Io avoid Ihe
piI!alls o! Ihe middle ihcome Irap.
1he !i!Ih area is greeh growIh. 1here is
ah ihcreasihg heed Io miIigaIe ahd adapI
Io climaIe chahge. Ohe o! Ihe mosI obvious
respohses is Io promoIe cleah ehergy, ahd
more speci!ically, advahce ehergy e!!iciehcy
ahd expahd Ihe use o! rehewable ehergy
sources. 1his cah be dohe, !or example, by
seIIihg ehergy e!!iciehcy IargeIs, promoIihg
rehewable ehergy, ahd providihg ihcehIives
!or high e!!iciehcy power plahIs. We musI
make our ciIies more livable while aI Ihe
same Iime ehhahcihg growIh ahd resiliehce.
Upgradihg urbah plahhihg is essehIial,
parIicularly ih mass IrahsiI, lahd use, ahd
waIer mahagemehI. Ahd Asia musI mahage
iIs large ahd criIical ecosysIems !or lohg-
Ierm susIaihabiliIy.
LasI, buI hoI leasI, is regiohal ecohomic
cooperaIioh ahd ihIegraIioh. l believe
regiohal cooperaIioh ahd ihIegraIioh
is key Io Irahs!ormihg Asia's ecohomic
recovery ihIo susIaihed growIh. While
Ihe proli!eraIioh o! !ree Irade agreemehIs
wiIhih ahd across subregiohs has helped
ihcrease ihIraregiohal Irade, Ihere is a heed
!or cohsolidaIioh. Regiohal cooperaIioh ahd
coordihaIioh oh macroecohomic policy cah
help maihIaih developihg Asia's ecohomic
ahd !ihahcial sIabiliIy, which is crucial !or
susIaihihg robusI growIh. For example, Ihe
regioh could creaIe a more !ormal dialogue
oh exchahge raIe coordihaIioh-perhaps
via ah ASEAN+3 ihiIiaIed Asiah Fihahcial
SIabiliIy Dialogue. 1his would boosI cross-
border ihvesImehI ahd promoIe regiohal
demahd, Ihereby bolsIerihg supply chaihs
ahd producIioh heIworks Io supply boIh
exIerhal demahd ahd Ihe ihcreasihg demahd
!or !ihal producIs wiIhih Asia.
8uildihg a cohsisIehI growIh sIraIegy is
a huge challehge, ihvolvihg global, regiohal,
ahd haIiohal ihsIiIuIiohs. 1hese ihclude
leadership !orums-like Ihe G20-IhaI
provide global guidahce !or large mulIilaIeral
ihsIiIuIiohs. 1hey also ihclude cross-regiohal
!raIerhiIies like APEC; regiohal groups ih
Asia such as ASEAN, ASEAN+3, ahd Ihe
EasI Asia Process; ahd mahy subregiohal
groups. AI Ihe same Iime, ulIimaIely, iI is
each sovereigh haIioh IhaI musI decide
whaI is besI !or iIsel!. 1hus, l believe Ihe
besI way o! approachihg mulIilaIeral issues
like balahced ahd susIaihable growIh is Io
Ihihk globally, coordihaIe regiohally, ahd
acI haIiohally.
Conclusion
1o cohclude, developihg Asia has dohe well.
1he regioh reIurhed Io rapid ecohomic
growIh !asIer Ihah expecIed. 1o susIaih
growIh ih Ihe lohg ruh, policy makers musI
prioriIize sIrucIural supply-side policies IhaI
improve producIive capaciIy by !osIerihg
!acIor accumulaIioh ahd producIiviIy
growIh. WiIh !urIher ecohomic growIh
ahd social equiIy beihg crucially depehdehI
upoh climaIe chahge, how we deal wiIh
Ihe challehges posed by climaIe chahge
remaihs key Io ecohomic resiliehce.
GlobalizaIioh is a !acI o! li!e. All
ecohomies are lihked ahd haIiohal policies
have spillovers Io oIher ecohomies. As such,
regiohal ahd global ecohomic cooperaIioh
ahd ihIegraIioh are crucial Io susIaih
growIh ahd ehsure ecohomic ahd !ihahcial
sIabiliIy.
1he Iask is immehse. 8uI i! we Ihihk
globally, coordihaIe regiohally, ahd acI
haIiohally, l am coh!idehI we are up Io Ihe
challehge. „
l believe the best way of approaching
multilateral issues like balanced and sustainable
growth is to think globally, coordinate regionally,
and act nationally
6 December 20!0
FEAIURE
S
igns of nodcrnity huvc conc to thcsc
hurdscrubbIc hiIIs in southcrn Iuo IcopIc`s
!cnocrutic RcpubIic (Iuo I!R). SutcIIitc
dishcs pcck out fron bchind stiItcd honcs. Thc
chirp of nobiIc phoncs brcuks thc quict us furn-
crs tukc cuIIs fron trudcrs sonc provinccs uvuy.
Just u dccudc ugo, Iifc hcrc vus norc difficuIt.
IuniIics utc vhut thcy couId grov und IittIc cIsc.
AgricuIturc vus prinitivc. Morc thun tvo-thirds of
furns Iuckcd uny typc of ncchunizcd cquipncnt.
"Thcsc pcopIc vcrc oncc pcrccivcd us un-
civiIizcd,¨ suid Iun ^gcunh Ihukuysonc, un
officiuI vith Iuo I!R`s Ministry of AgricuIturc
und Iorcstry. "^ot uny norc. IcopIc fron outsidc
urc uctuuIIy coning hcrc for vork. Sonc of thcsc
furncrs urc bosscs nov.¨
Much of this is ovcd to thc SnuIIhoIdcr
!cvcIopncnt Irojcct, fundcd by u $15.2 niIIion
A!H Ioun, to nodcrnizc furning tcchniqucs in
conjunction vith thc govcrnncnt. Sincc 2006,
furncrs huvc guincd thc skiIIs und knov-hov to
grov nichc products thut fctch dcsirubIc priccs
ubroud: orgunic cubbugcs shippcd to ThuiIund und
high-quuIity coffcc cxportcd to Jupun.
An cstinutcd 40,000 houschoIds huvc sccn
thcir inconcs risc. Anong thcn is thc funiIy of
Lao PDR
Farming 5marter
ßy PaIrick Winn and PhanIouIeIh Louangraj
Aided by investments in skill transfers, irrigation, and road upgrades, villagers in the
Lao highlands now have the knowledge to improve their farming and marketing
techniques, connecting them to markets as far away as Japan.
Sihce 2006, !armers have ihcreasihgly growh hiche producIs IhaI !eIch desirable prices abroad, !or example
orgahic cabbages shipped Io 1hailahd, Ihahks Io Ihe AD8-supporIed Smallholder DevelopmehI ProjecI.
G
e
r
h
a
r
d

!
o
r
e
n
Promoting Lao Crops Abroad
Coffcc, not cubbugc, is pcrhups thc grcutcst hopc
of this rcgion. As curIy us thc 1º20s, Ircnch
coIoniuIists rccognizcd thc vuIuc of thc rcgion`s
voIcunic soiIs und high-uItitudc for coffcc grovth.
Hut coffcc grovn hcrc hus ncvcr cnjoycd thc
brunding povcr of \ictnuncsc or Indoncsiun
bcuns, vhich urc covctcd uround thc vorId.
Iurning pructiccs vcrc so poor, und ucccss to
outsidc nurkcts vus so vcuk, thut thc coffcc`s
rcgionuI scIIing pricc sunk to Icss thun $0.15 pcr
kiIogrun in 2001.
"Hcforc, thc quuIity vus ruthcr bud,¨ suid
Sonboun Suiborkco, u coffcc furncr in Iuk
Xong. "Wc hud so IittIc. Wc vcrc vuIking 5 kiI-
onctcrs, hcuvy sucks on our bucks, just to gct
to our connunuI gurdcns.¨ !cspcrutc, nuny of
his fcIIov furncrs ubundoncd thcir coffcc ficIds
uItogcthcr.
Through truining, furncrs huvc Icurncd to
rotutc crops bctvccn cubbugc und coffcc so thut
thc soiI is not dcpIctcd of nutricnts. !vcntuuIIy,
furncrs und projcct dircctors hopc Iuo-grovn
coffcc viII bc vidcIy rccognizcd by gIobuI con-
noisscurs, und thc projcct hus hcIpcd dcvcIopcd
thc suppIy chuin Iogistics nccd for this grovth.
SnuII fuctorics huvc sprung up uround thc rcgion
to producc both vhoIc-bcun und instunt coffcc
for cxport.
"Thc furning ncthods urc inprovcd, thc
coffcc is high quuIity, und thc pricc vc gct is fuir.
Ior nov, vc scnd thc bcst stuff to Jupun und scII
thc rcst to IocuI nurkcts,¨ Sonboun suid. Thc
Govcrnncnt of Iuo I!R hopcs to scII inprovcd
coffcc bcuns in cvcn norc nurkcts, such us
IoIund und thc Russiun Icdcrution.
Thcsc hopcs urc uIrcudy pIuying out in Ihuo`s
snuII cubbugc gurdcn, vhcrc his coffcc sccdIings
urc pushing up through thc soiI. !uch norning,
hc vuIks through thc voIcunic rock-studdcd
gurdcn, und inspccts thc tiny shrubs. This is his
first uttcnpt ut groving coffcc. ^cighbors und
viIIugc cIdcrs vho huvc grovn thc bcuns for ycurs
hcIpcd hin dcvcIop his knovIcdgc of thc crop
und nurkct nccds. It is Icss Iubor-intcnsivc thun
cubbugc, suid Ihuo.
Far from Perfect
Thc funiIy`s Iifc is fur fron pcrfcct, suid his vifc,
Icun Sungsuvung. Thcy stiII rcIy on thcir scvcn
chiIdrcn und tvo sons-in-Iuv to vork thc Iund
cuch duy.
StiII, shc rcncnbcrs rcccnt ycurs vhcn thcy
couId not cvcn ufford vcgctubIcs to suppIcncnt
thcir ncugcr ricc dict. Icr chiIdrcn nov cnjoy uf-
tcrnoons on thcir stiItcd porch, gossiping und nib-
bIing ncIon rinds ovcr u ficId of pIunp cubbugcs.
"Cubbugcs uscd to Iook so tusty to us vhcn
vc couIdn`t ufford thcn,¨ shc suid. "Hut vc`rc
so borcd of cubbugc thcsc duys thut vc onIy cut
it oncc cvcry 10 duys or so. Wc`rc hoping for cvcn
norc noncy oncc thc coffcc concs in.¨ „
furncr Ihuo Kcopuscuth, vhosc vifc und scvcn
chiIdrcn oftcn vcnt hungry.
"AII of us uscd to Iivc in u IittIc hut nudc
fron bunboo,¨ Ihuo suid. "Wc shurcd u IittIc
ficId vith rcIutivcs, but it vusn`t cnough. Wc
vcrc sturving.¨
Thc funiIy nov Iivcs in u honc ovcrIooking
scvcruI hccturcs of cubbugc ficIds. Irrigution
und u sccond-hund tructor huvc incrcuscd yicIds
drunuticuIIy for this funiIy und othcrs in thc
rcgion. Iuk Xong viIIugc oncc produccd onIy
ubout 200 tons of cubbugcs pcr ycur. Thc uvcrugc
is nov roughIy 2,500 tons pcr ycur, uccording to
viIIugc Icudcrs.
Hcyond busic furning nodcrnizution, thc
projcct hus Iinkcd thcsc rcnotc highIunds to
Iurgcr nurkcts outsidc Iuo I!R. Inprovcd uII-
vcuthcr rouds nov conncct IocuIs to ncvIy buiIt
nurkcts on thc Thui-Iuo bordcr, vhcrc trudcrs
buy producc in buIk. Iurncrs huvc Icurncd busic
nurkct ccononics und tcchniqucs to ncgotiutc
vith furuvuy buycrs using tcxt ncssuging.
"CcII phoncs uscd to bc u Iuxury itcn,¨ Iun
^gcunh suid. "^ov thcy usc thcn to stuy in
touch. If un ordcr for cubbugc concs, thcy cun
hurvcst it und huvc it on thc roud in 24 hours.¨
7 December 20!0
PRO1ECI5
Bangladesh Gets $615M for Bridge Project
$12ûM Loan to lmprove Urban Planning,
5ervices in Dhaka and Khulna
8
ungIudcsh, supportcd by u $120 niIIion
cquivuIcnt A!H Ioun, is pIunning un ovcr-
huuI of urbun pIunning und infrustructurc
in tvo of its biggcst city rcgions vhcrc scrviccs
huvc struggIcd to kccp up vith booning popuIu-
tions.
Thc A!H Hourd of !ircctors upprovcd thc
Ioun for thc HungIudcsh City Rcgion !cvcIop-
ncnt Irojcct, vhich viII turgct cncrgy-cfficicnt,
cnvironncntuIIy fricndIy urbun scrviccs, norc
coordinutcd rcgionuI dcvcIopncnt pIunning, und
strongcr nunugcncnt cupucity for nunicipuIi-
tics in thc spruvIing city rcgions of !huku und
KhuInu, vhich incIudc surrounding sccondury
tovns.
8ridge projecIs such as Ihe 8ahgabahdhu 8ridge over Ihe Jamiha River, which was builI wiIh supporI !rom AD8, Japah
lhIerhaIiohal CooperaIioh Agehcy (JlCA), ahd Ihe World 8ahk, have beeh major growIh ahd poverIy reducIioh drivers
!or 8ahgladesh. Similar behe!iIs ih Ihe souIhwesI regioh are expecIed wiIh Ihe Padma bridge projecI.
A
l
P
8
ungIudcsh is stcpping up cfforts to up-
grudc ruruI rouds und nurkct fuciIitics
to inprovc grovth und IivcIihood oppor-
tunitics und to cut povcrty in undcrdcvcIopcd
urcus.
Thc A!H Hourd of !ircctors upprovcd u Ioun
of $60 niIIion cquivuIcnt for thc SustuinubIc RuruI
Infrustructurc Inprovcncnt Irojcct, vhich viII
bc curricd out in 21 districts in thc northvcst und
southvcst of thc country. Thc projcct is cxpcctcd
to bc cofinunccd by u grunt for ¼13 niIIion cquivu-
Icnt fron KfW, thc Gcrnun govcrnncnt-ovncd
dcvcIopncnt bunk. „
$1û8M Rural
lnfrastructure Project
to 5pur Growth
A
!H viII cxtcnd $615 niIIion in finunciuI
ussistuncc to HungIudcsh for u nujor
bridgc projcct, vhich viII hcIp ucccIcrutc
grovth und povcrty rcduction in thc country`s
poor und undcrdcvcIopcd southvcst rcgion.
Thc A!H Hourd of !ircctors upprovcd on
25 ^ovcnbcr thc funds for thc construction of
u nuItipurposc bridgc ucross thc Iudnu Rivcr,
vhich viII Iink thc southvcst to thc northcrn und
custcrn rcgions.
"Hy providing u vituI infrustructurc Iink
bctvccn thc cupituI city, !huku, und thc Icss dc-
vcIopcd southvcst rcgion, thc Iudnu bridgc viII
givc thc nutionuI cconony u nujor boost,¨ suid
SuItun I. Ruhnun, dircctor gcncruI of A!H`s
South Asiu !cpurtncnt.
"It is thc Iurgcst projcct ussistuncc vc huvc
providcd to HungIudcsh. InpIcncnting such u
Iurgc projcct viII bc u nujor chuIIcngc, und thc
govcrnncnt und dcvcIopncnt purtncrs vouId
nccd to vork vcry cIoscIy to initiutc und conpIctc
thc projcct on tinc,¨ hc uddcd.
"This bridgc projcct viII uIso huvc vidcr
subrcgionuI inpucts, us it viII forn purt of thc
proposcd Asiun Iighvuy routc thut connccts
Asiu to !uropc,¨ suid Iidcuki Ivusuki, prin-
cipuI trunsport spcciuIist of A!H`s South Asiu
!cpurtncnt.
A!H is providing ovcr 21% of thc totuI invcst-
ncnt cost of ncurIy $2.º2 biIIion for thc bridgc
projcct. Thc WorId Hunk, Jupun IntcrnutionuI
Coopcrution Agcncy (JICA) und IsIunic !cvcI-
opncnt Hunk urc uIso contributing to thc projcct
us cofinuncicrs.
A!H`s ussistuncc viII bc cxtcndcd through
tvo Iouns. Thc first unount of $53º niIIion,
vhich viII conc fron A!H`s ordinury cupituI
rcsourccs, hus u 27-ycur tcnor vith u 7-ycur
grucc pcriod und un unnuuI intcrcst rutc dc-
"Thc gouI is to incrcusc thc grovth potcntiuI
und cnvironncntuI sustuinubiIity of thcsc tvo city
rcgions,¨ suid Musuyuki Tuchiiri, urbun ccono-
nist of A!H`s South Asiu !cpurtncnt.
HungIudcsh`s citics huvc bccn groving ut
brcukncck pucc vith thc urbun popuIution cx-
pcctcd to doubIc to 74 niIIion by 2035. Iovcvcr,
urbun pIunning und pubIic scrviccs huvc fuiIcd to
dcvcIop ut thc sunc pucc, rcstricting ccononic
und sociuI uctivitics.
AIong vith physicuI inprovcncnts to vutcr,
druinugc, urbun trunsport und othcr fuciIitics thc
projcct viII incorporutc u piIot progrun thut viII
instuII cncrgy-cfficicnt vutcr punps und soIur-
povcrcd strcct Iights. „
By providing a vital infrastructure link
between the capital city, Dhaka, and the less
developed southwest region, the Padma bridge
will give the national economy a major boost
SulIah H. Rahmah
DirecIor Geheral o! AD8's
SouIh Asia DeparImehI
tcrnincd in uccorduncc vith its IIHOR-buscd
Icnding fuciIity. Thc sccond Ioun of $76 niIIion
cquivuIcnt fron A!H`s conccssionuI Asiun
!cvcIopncnt Iund hus u 32-ycur tcnor vith un
S-ycur grucc pcriod currying un unnuuI intcrcst
of 1%, vhich riscs to 1.5% for thc buIuncc of
thc tcrn.
Thc HungIudcsh Hridgc Authority is thc
cxccuting ugcncy for thc projcct, vhich is duc for
conpIction in !cccnbcr 2015. „
8 December 20!0
PRO1ECI5
A
!H viII cxtcnd $315 niIIion to thc gov-
crnncnt of Kurnutuku stutc in Indiu for u
nujor ovcrhuuI of thc ovcrburdcncd stutc
highvuy systcn, vhich viII hcIp spur ccononic
grovth und ncv IivcIihood opportunitics.
Thc A!H Hourd of !ircctors upprovcd u Ioun
for thc Kurnutuku Stutc Iighvuy Inprovcncnt
Irojcct. It viII upgrudc ovcr 600 kiIonctcrs of stutc
highvuys und support inprovcd roud pIunning,
progrunning, opcrution, nuintcnuncc, und sufcty.
"Thc Iong-tcrn inpuct of this initiutivc viII bc
ucccIcrutcd ccononic grovth in Kurnutuku, vith
roud upgrudcs inproving ucccss to csscntiuI scrviccs
vhiIc providing cnpIoyncnt opportunitics for thc
ruruI poor,¨ suid OIcg Tonkonojcnkov, scnior truns-
port spcciuIist of A!H`s South Asiu !cpurtncnt.
Indiu`s booning cconony hus Icd to u shurp
risc in pusscngcr und frcight truvcI on its rouds.
Stutc highvuys-vhich urc sccondury routcs
Iinking to nutionuI rouds und curry ubout 40%
of uII truffic-urc cspcciuIIy ovcrburdcncd vith
incrcusing congcstion, dctcrioruting surfuccs, und
groving sufcty issucs.
Thc physicuI vork viII incIudc cxpunding
rouds into tvo Iuncs, constructing bypusscs,
strcngthcning cxisting cuIvcrts und bridgcs, und
buiIding ncv roud bridgcs, ruiI ovcrbridgcs, und
cross-druinugc structurcs. Thc projcct uIso puts
u strong focus on bccfing up thc cupucity of thc
stutc`s IubIic Works !cpurtncnt to pIun, dcvcIop,
opcrutc, und nuintuin thc roud nctvork cffcc-
tivcIy, und incIudcs support for thc cstubIishncnt
of u pIunning und roud ussct nunugcncnt ccntcr.
"Thc projcct viII hcIp thc dcpurtncnt put in
pIucc objcctivc, dutu-drivcn pIunning und progrun-
ning for nctvork dcvcIopncnt und nuintcnuncc,
us vcII us cnsurc sufcty ncusurcs und cnviron-
ncntuI und sociuI sufcguurds urc incorporutcd
into thc projcct cycIc,¨ suid Mr. Tonkonojcnkov.
Thc Ioun, vhich viII conc fron A!H`s ordi-
nury cupituI rcsourccs, viII nukc up ovcr 6S% of
thc totuI projcct cost of ncurIy $463 niIIion. It hus
u 25-ycur tcrn vith u grucc pcriod of 5 ycurs und
un unnuuI intcrcst rutc dctcrnincd in uccorduncc
vith A!H`s IIHOR-buscd Icnding fuciIity. An ud-
ditionuI tcchnicuI ussistuncc grunt of $1.5 niIIion
fron A!H`s conccssionuI TcchnicuI Assistuncc
SpcciuI Iund viII bc uscd to hcIp thc IubIic Works
!cpurtncnt buiId cupucitics for strcngthcning its
roud ussct und sufcty nunugcncnt cupubiIitics.
Thc tcchnicuI ussistuncc viII uIso hcIp thc Kurnu-
tuku govcrnncnt buiId cupucitics for currying out
projccts vith privutc scctor purticipution.
Kurnutuku`s IubIic Works !cpurtncnt is thc
cxccuting ugcncy for thc projcct, vhich is duc for
conpIction by !cccnbcr 2014. „
ADB Extends $315M for Highway
Overhaul in lndia's Karnataka 5tate
lhdia's boomihg ecohomy has led Io a sharp rise ih passehger ahd !reighI Iravel oh iIs roads. SIaIe highways,
which lihk secohdary rouIes Io haIiohal roads, carry abouI 40% o! all Ira!!ic.
A
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Ihe long-term impact of this initiative will be
accelerated economic growth in Karnataka, with
road upgrades improving access to essential
services while providing employment opportunities
for the rural poor
Oleg 1ohkohojehkov
Sehior 1rahsporI SpecialisI o! AD8's
SouIh Asia DeparImehI
9 December 20!0
PRO1ECI5
A
!H viII cxtcnd $120 niIIion in Iouns to
Iupuu ^cv Guincu (I^G) for rcncvubIc
cncrgy fuciIitics thut viII hcIp thc country
ncct criticuI cIcctricity suppIy gups in provinciuI
urbun ccntcrs.
Thc A!H Hourd of !ircctors upprovcd u
nuItitrunchc finuncing fuciIity for thc Tovn
!Icctrificution Invcstncnt Irogrun, vhich viII
contributc to thc stutc utiIity I^G Iovcr Itd`s
10-ycur povcr dcvcIopncnt pIun through to 201S.
It viII fund, in tvo stugcs, rcncvubIc cncrgy
fuciIitics, incIuding run-of-rivcr hydropovcr
pIunts und trunsnission systcns in ubout six
provinciuI ccntcrs.
"Hy providing thcsc ccntcrs vith cIcun,
rcIiubIc povcr suppIics, thc progrun viII grcutIy
$12ûM lnvestment to Help PNG Address
Critical Gaps in Power 5upply
cnvironncntuI protcction und corporutc sociuI
rcsponsibiIity ncusurcs,¨ suid Iiu Minghui, nun-
uging dircctor of Chinu Gus. "Wc viII nuintuin
our focus on cnvironncntuI protcction und fuIfiII
our corporutc sociuI rcsponsibiIitics, und viII
continuc to pronotc thc rcforn und dcvcIopncnt
of cIcun cncrgy in thc IRC.¨ „
A
!H is cxtcnding up to $200 niIIion to
fuciIitutc privutc scctor purticipution in
nuturuI gus distribution infrustructurc in
thc IcopIc`s RcpubIic of Chinu (IRC).
Thc projcct viII support thc Govcrnncnt of
thc IRC`s push to rcducc couI consunption und
incrcusc thc usc of nuturuI gus, u cIcuncr fucI thut
is bcttcr for thc cnvironncnt und in Iurgc suppIy
in thc IRC.
Thc A!H Hourd of !ircctors upprovcd u Ioun
for thc sccond phusc of thc MunicipuI ^uturuI Gus
Infrustructurc !cvcIopncnt Irojcct, vhich viII
uIIov Chinu Gus IoIdings Iinitcd, onc of thc
Icuding privutc nuturuI gus distribution conpu-
nics, to cxpund covcrugc into snuIIcr-sizcd citics
in ccntruI und vcstcrn IRC. It foIIovs thc first-
phusc ussistuncc to thc conpuny for thc roIIout of
gus infrustructurc in Iurgcr rcgionuI hubs.
"Thc projcct viII hcIp providc u cIcun, rcIi-
ubIc, und Iong-tcrn cncrgy sourcc to pcopIc in
cncrging citics vhcrc currcnt infrustructurc is
undcrdcvcIopcd und dcnund is prcscntIy unnct,¨
suid Iisuku Kinuru, scnior invcstncnt spcciuIist,
A!H`s Irivutc Scctor Opcrutions !cpurtncnt.
"Thc IRC govcrnncnt hus sct u Iong-tcrn turgct
to incrcusc usugc of nuturuI gus, u cIcuncr fucI
fron its currcnt shurc of 4% to 10% by 2020. Onc
niIIion cubic nctcrs of nuturuI gus cun rcpIucc
1,350 tons of couI consunption.¨
Thc IRC hus nuturuI gus rcscrvcs cstinutcd
ut uround 2.46 triIIion cubic nctcrs und it hus bccn
buiIding both intcrnutionuI und doncstic pipcIinc
nctvorks to inprovc ucccss. Iovcvcr, "Iust niIc¨
distribution infrustructurc vithin snuIIcr urbun
ccntcrs rcnuins undcrdcvcIopcd, rcsuIting in gus
shortugcs in sonc urcus.
A!H viII uIso providc tcchnicuI ussistuncc
on conbining cncrgy-cfficicncy cnhunccncnt
ncusurcs vith convcrsion fron couI or dicscI oiI
to nuturuI gus to Iovcr Iong-tcrn cnd-uscr cncrgy
costs. Thc tcchnicuI ussistuncc viII invoIvc u grunt
of $5º2,000 fron thc MuIti-!onor CIcun !ncrgy
Iund, udninistcrcd by A!H. Thc fund, vhich
incIudcs contributions fron thc govcrnncnts of
AustruIiu, ^orvuy, Spuin, und Svcdcn, is purt of
thc CIcun !ncrgy Iinuncing Iurtncrship IuciIity.
"A!H is u shurchoIdcr of Chinu Gus IoId-
ings Iinitcd, und ovcr thc ycurs it hus supportcd
our dcvcIopncnt in such urcus us finuncc und
corporutc govcrnuncc, vhiIc cnhuncing our
A worker checks Ihe valve o! a gas pipe aI a haIural gas plahI ih Sichuah provihce ih Ihe People's Republic o!
Chiha (PRC). 1he projecI will supporI Ihe goverhmehI's e!!orIs Io reduce coal cohsumpIioh ahd ihcrease Ihe
use o! haIural gas, a cleaher !uel which is ih large supply ih Ihe PRC.
A
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ADB to Help PRC's 5maller Cities
5witch to Natural Gas, 5ave Energy
ADB is a shareholder of China Gas Holdings
Limited, and over the years it has supported
our development in such areas as finance and
corporate governance, while enhancing our
environmental protection and corporate social
responsibility measures
Liu Mihghui
Mahagihg DirecIor o! Chiha Gas
Holdihgs LimiIed
ADB 5igns 1oint Venture
Agreement to Develop
Renewable Energy in lndia
A
!H signcd on 24 ^ovcnbcr u joint vcnturc
ugrccncnt vith Indiu`s ^TIC Itd. und
Kyushu !Icctric Iovcr Conpuny of Jupun
to dcvcIop und opcrutc 500 ncguvutts of rcncv-
ubIc cncrgy projccts in Indiu in thc ncxt 3 ycurs.
Indiu is thc third Iurgcst cIcctricity consuncr
in Asiu, uftcr thc IcopIc`s RcpubIic of Chinu und
(ConIinued on page !0) (ConIinued on page !0)
!0 December 20!0
New Publications
ADB Working Paper 5eries on Regional Economic
lntegration No. 64
lnstitutional Design of Regional lntegration
Lohdoh School o! Ecohomics ahd PoliIical Sciehces' Simoh Hix
assesses Ihe cohvergehce o! haIiohal pre!erehces, esIablishmehI o!
equiIable sysIems o! represehIaIioh, ahd ihsIiIuIiohal sceharios !or
Asiah ecohomic uhioh.
PUBLlCAIlON5
ADB Working Paper 5eries on Regional Economic
lntegration No. 65
Regional 1udicial lnstitutions and Economic
Cooperation
GeorgeIowh UhiversiIy's Erik VoeIeh shows IhaI alIhough Asiah
sIaIes' relucIahce Io re!er ihIer-sIaIe dispuIes Io global judicial
ihsIiIuIiohs is hoI uhusual, Ihey could learh !rom experiehces o!
regiohal courIs elsewhere.
ADB Working Paper 5eries on Regional Economic
lntegration No. 66
Ihe Awakening Chinese Economy: Macro and Ierms of
Irade lmpacts on 1û Major Asia-Pacific Countries
Usihg a mulIi-couhIry model, Mohash UhiversiIy's Yih Hua Mai,
Phillip Adams, ahd PeIer Dixoh, ahd JayahI Mehoh o! AD8's O!!ice
o! Regiohal Ecohomic lhIegraIioh examihe Ihe impacI a risihg
People's Republic o! Chiha is likely Io have oh Ihe growIh ahd Ierms
o! Irade o! iIs heighbors.
lor more iníormaIion, visiI www.adb.org/publicaIions
Jupun, und dcnund hus grovn ut un uvcrugc
of S% u ycur sincc 1ºº5. Iovcvcr, suppIy fuIIs
vcII bcIov dcnund, Icuding to rcguIur bIuckouts
und chronic shortugcs vhich urc undcrnining
thc country`s ccononic und sociuI dcvcIopncnt.
Morcovcr, nuch of thc cIcctricity is gcncrutcd
fron incrcusingIy unccrtuin doncstic sourccs
of couI or fron cvcr-norc-costIy inportcd couI.
"Thc ncv joint vcnturc conpuny viII hcIp
Indiu uchicvc its gouI of rcducing thc country`s
dcpcndcncc on fossiI fucIs, viII cut grccnhousc
gus cnissions und inprovc its cncrgy sccurity,¨
suid MichucI Hurrov, dircctor of A!H`s Irivutc
Scctor Opcrutions !cpurtncnt (ISO!), vho
signcd thc ugrccncnt in ^cv !cIhi. "Wc hopc
this conpuny viII uIso providc un cxunpIc to
othcr forcign invcstors Iooking ut Indiu`s rcncv-
ubIc cncrgy scctor.¨
\ndcr its ^utionuI Action IIun on CIinutc
Chungc, thc govcrnncnt hus sct u turgct of gcn-
cruting 15% of its totuI povcr fron rcncvubIc
inprovc ccononic conditions und IivcIihood
opportunitics, us vcII us hcIp to rcducc povcrty,¨
suid Anthony MuxvcII, cncrgy spcciuIist of A!H`s
Iucific !cpurtncnt.
Around 10% of thc popuIution of ovcr
6.5 niIIion hus ucccss to grid-conncctcd povcr,
vhich is IurgcIy confincd to nuin urbun urcus.
Whcn suppIics urc uvuiIubIc in provinciuI ccntcrs,
thcy cun bc unrcIiubIc, vith rcguIur povcr
outugcs forcing busincsscs und industry to usc
costIy und poIIuting dicscI gcncrutors.
Thc first trunchc of thc invcstncnt progrun
viII support run-of-rivcr hydro pIunts in thc
^orthcrn Irovincc und thc Autononous Rcgion
of HouguinviIIc, us vcII us u 66-kiIovoIt trunsnis-
sion Iinc in Wcst ^cv Hrituin. Thc trunsnission
fuciIity viII providc ucccss to ubout 1 ncguvutt
(MW) of spurc gcncrution cupucity fron thc
Iukc Iurgy Iydropovcr IIunt und up to 3 MW
of bionuss-gcncrutcd cIcctricity fron puIn oiI
pIuntutions. „
$120M InvesImenI. (ConIinued írom page 9) ADß 5igns JoinI VenIure. (ConIinued írom page 9)
sourccs by 2020. CurrcntIy, rcncvubIc cncrgy
uccounts for 10% of totuI povcr cupucity in Indiu
vhiIc 65% concs fron thcrnuI povcr pIunts-
nostIy couI-fircd-vhich gcncrutc thc nujority of
thc country`s curbon cnissions. Thc rcnuindcr
of Indiu`s povcr concs fron hydropovcr und
nucIcur povcr.
"Indiu nov hus thc cupucity to gcncrutc just
ovcr 11,000 ncguvutts of vind povcr, but, vith
thc right invcstncnt, thut couId incrcusc to uInost
4S,000 ncguvutts. At thc sunc tinc, snuII hydro-
povcr hus thc potcntiuI to gcncrutc ubout 15,000
ncguvutts of povcr und, vhut`s norc, is oftcn
thc bcst vuy of providing cIcctricity to Iov-inconc
houschoIds in rcnotc urcus,¨ suid !on Iurku,
Scnior Invcstncnt SpcciuIist vith A!H`s ISO!.
\ndcr thc joint vcnturc ugrccncnt, A!H
viII invcst up to $40 niIIion for u 25% stukc in
thc conpuny. ^TIC viII huvc u 50% hoIding
in thc conpuny vith Kyushu !Icctric Iovcr
ovning thc rcnuining 25%. „
UPCOMlNG EVENI5
December 2û1û
15 Io 17
Coh!erehce oh PosIcrisis
EmploymehI ahd Social Policies
ih Developihg Asia
AD8 lhsIiIuIe, 1okyo
CohIacI:
Johh WesI
jwesI@adbi.org
1anuary 2û11
18 Io 20
AD8l-OECD RouhdIable oh Labor MigraIioh
ih Asia: RecehI 1rehds ahd ProspecIs ih Ihe
PosIcrisis CohIexI
A8D lhsIiIuIe, 1okyo
CohIacI:
Johh WesI
jwesI@adbi.org
For more ih!ormaIioh, visiI www.adb.org/
hews/calehdar.asp
The Awakening Chinese Economy: Macro and Terms
of. Trade Impacts on 10 Major Asia-Pacifc Countries
Yin Hua Mai, Philip Adams, Peter Dixon, and Jayant Menon
No. 66 | November 2010
ADB Working Paper Series on
Regional Economic Integration
Institutional Design of Regional Integration: Balancing
Delegation and Representation
Simon Hix
No. 64 | November 2010
ADB Working Paper Series on
Regional Economic Integration
Regional Judicial Institutions and Economic Cooperation:
Lessons for Asia?
Erik Voeten
No. 65 | November 2010
ADB Working Paper Series on
Regional Economic Integration
!! December 20!0
OPPORIUNlIlE5
OPPORIUNlIlE5
ASEAN = Association of Southeast Asian Nations; ASEAN+3 = Association of Southeast Asian Nations plus People’s Republic of China, Japan, and Republic of Korea; GMS = Greater Mekong Subregion;
MFF = multitranche fnancing facility; PPP = public–private partnerships; R-CDTA = Regional-Capacity Development Technical Assistance; RETA = regional technical assistance; TA = technical assistance.
Business Opportunities
Ehergy
º Regiohal, 1A: PromoIihg Ehergy E!!iciehcy ahd
Rehewable Ehergy ih Ihe GMS
º Regiohal, 1A: PromoIihg Rehewable Ehergy, Cleah
Fuels, ahd Ehergy E!!iciehcy ih Ihe GMS
º Lao People's DemocraIic Republic, GrahI: Small
ahd Mihi HydroelecIric Power DevelopmehI
ProjecI
º VieI Nam, Loah: Wihd Power DevelopmehI
º Azerbaijah, Loah: Power DisIribuIioh Develop-
mehI ProjecI Loah
EhvirohmehI
º Regiohal, 1A: Greehhouse Gas Emissiohs Assess-
mehI MeIhodologies ih SusIaihable 1rahsporI
º Regiohal, RE1A: Ehablihg ClimaIe Chahge Re-
spohses ih Asia ahd Ihe Paci!ic-Desigh o! Ihe
ClimaIe Public-PrivaIe ParIhership Fuhd
º VieI Nam, 1A: SupporI Io CehIral ahd Local Gov-
erhmehIs ih lmplemehIihg Urbah EhvirohmehIal
ProjecIs
º lhdohesia, 1A: lhsIiIuIiohal SIrehgIhehihg !or Ihe
WaIer Resources SecIor
º Regiohal, 1A: CoasIal ahd Marihe Resources
MahagemehI ih Ihe Coral 1riahgle: SouIheasI Asia
º Cambodia, 1A: CapaciIy 8uildihg !or 1ohle Sap
Resource MahagemehI ahd CohservaIioh
º Regiohal, GrahI: Developihg SusIaihable AlIerha-
Iive Livelihoods ih CoasIal Fishihg CommuhiIies
ih Ihe Coral 1riahgle: lhdohesia ahd Philippihes
º Lao People's DemocraIic Republic, GrahI: Pakse
Cleah EhvirohmehI MahagemehI ProjecI
º People's Republic o! Chiha, Loah: Hai River EsIuary
PolluIioh CohIrol ahd EcosysIem RehabiliIaIioh
ProjecI
Fihahce
º Regiohal, RE1A: Assessihg Fihahcial Lahdscape
ahd FormulaIihg MilesIohes !or MoheIary ahd
Fihahcial lhIegraIioh ih ASEAN, Phase ll
º Regiohal, 1A: FaciliIaIihg 8rahchless 8ahkihg ih
Ihe Paci!ic
º lhdia, 1A: CapaciIy 8uildihg !or Commercial 8ahk
Lehdihg !or Solar Ehergy ProjecIs
Goverhahce ahd Public MahagemehI
º Lao People's DemocraIic Republic, 1A: CapaciIy
SIrehgIhehihg o! Ihe NaIiohal SIaIisIics SysIem
º VieI Nam, 1A: SupporI !or Ihe PreparaIioh ahd
lmplemehIaIioh o! Ihe ResulIs-based Socioeco-
homic DevelopmehI Plah 2011-2015
º Philippihes, 1A: ResulIs-oriehIed SIraIegic Plahhihg
ahd DevelopmehI MahagemehI !or lhclusive
GrowIh (!ormerly SupporI !or SIraIegic Plahhihg
ahd DevelopmehI)
º Sri Lahka, 1A: CapaciIy DevelopmehI !or
Local AuIhoriIies ih Urbah Services Delivery
HealIh, NuIriIioh, ahd Social DevelopmehI
º Regiohal, 1A: Ehhahcihg Public ahd Civil SocieIy
ParIherships ih Service Delivery ih Ihe Paci!ic
º Sri Lahka, 1A: CapaciIy DevelopmehI !or
Local AuIhoriIies ih Urbah Services Delivery
º PakisIah, 1A: Puhjab CiIies UIiliIies Re!orm ahd
OperaIiohs lmprovemehI (Piggy-backed wiIh
Loah)
º 8ahgladesh, 1A: SupporIihg Urbah Primary
HealIh Care SecIor DevelopmehI Program ll
º Sri Lahka, GrahI: lmprovihg CommuhiIy-
8ased WaIer Supply ahd SahiIaIioh ih
PosI-Coh!licI Areas o! Ja!!ha ahd Kilihoch-
chi (!ormerly lmprovihg Rural WaIer Supply
ahd SahiIaIioh Services ih PosI-War Areas
o! Ja!!ha Pehihsula)
º UzbekisIah, Loah: MFF-WaIer Supply ahd SahiIa-
Iioh Services lhvesImehI Program 1rahche 4
lh!rasIrucIure
º 8ahgladesh, 1A: PPP OpIioh SIudy !or Urbah
lh!rasIrucIure DevelopmehI (!ormerly PPP
OpIioh SIudy !or 8ulk WaIer Supply SysIem)
º Lao People's DemocraIic Republic, GrahI: Rural
Access lmprovemehI ProjecI alohg Ihe EasI-WesI
Ecohomic Corridor (!ormerly Rural lh!rasIrucIure
DevelopmehI alohg Ihe EWEC)
º Lao People's DemocraIic Republic, 1A: Rural Access
lmprovemehI ProjecI alohg Ihe EasI-WesI Eco-
homic Corridor (!ormerly Rural lh!rasIrucIure
DevelopmehI alohg Ihe EWEC)
º Sri Lahka, Loah: Laggihg Local AuIhoriIies lh!ra-
sIrucIure DevelopmehI (!ormerly Laggihg Regiohs
Urbah lh!rasIrucIure)
º Philippihes, Loah: Urbah WaIer Supply ahd SahiIa-
Iioh ProjecI Loah
MulIisecIor
º VieI Nam, 1A: lhIegraIed Rural DevelopmehI Sec-
Ior ProjecI ih Ihe CehIral Provihces (Supplemeh-
Iary)
º Regiohal, RE1A: SelecIed EvaluaIioh SIudies !or
2010, Phase 2
º Regiohal, GrahI: LAO: GMS Corridor 1owh Devel-
opmehI
º Regiohal, GrahI: LAO: GMS Corridor 1owh Devel-
opmehI ll
º Regiohal, 1A: GMS Corridor 1owh DevelopmehI ll
º Regiohal, Loah: VlE: GMS Corridor 1owh Develop-
mehI
º Regiohal, Loah: VlE: GMS Corridor 1owh Develop-
mehI ll
º Regiohal, Loah: CAM: GMS Corridor 1owh Devel-
opmehI
º Regiohal, Loah: CAM: GMS Corridor 1owh Devel-
opmehI ll
1rade ahd lhvesImehIs
º Regiohal, 1A: CapaciIy 8uildihg !or lmplemehIihg
PrivaIe SecIor-Led lhIegraIioh ih SouIh Asia
º lhdohesia, GrahI: SusIaihable Livelihood SysIems
!or lhdigehous Peoples ih lhdohesiah HearI o!
8orheo
º Azerbaijah, Loah: MFF-WaIer Supply ahd SahiIa-
Iioh lhvesImehI Program 1rahche 3
º Regiohal, 1A: Preparihg lhvesImehI ih SecIor Wide
Approaches Io 1rade ahd lhvesImehI FaciliIaIioh
ih SouIh Asia
1rahsporI ahd CommuhicaIiohs
º VieI Nam, 1A: Ho Chi Mihh CiIy Rihg Roads 3 & 4
º Regiohal, 1A: lmprovihg Road Sa!eIy ih ASEAN
º lhdia, 1A: CapaciIy 8uildihg !or lhIermodal 1rahs-
porI (piggy-backed)
º Lao People's DemocraIic Republic, GrahI ahd
1A: SouIherh Lihk 1rahsporI ProjecI (!ormerly
1rahsporI SecIor DevelopmehI ProjecI)
For more ih!ormaIioh, visiI
www.adb.org/8usihess/OpporIuhiIies/hew.
asp
For cohIracIors, cohsulIahIs, ahd ihvesIors
!2 December 20!0
ßecipienIs o! ADß Loans,
2010 ($ millioh)
CouhIry AmouhI ADF OCR
8angladesh 4J!.00 !70.00 26!.00
Cambodia 85.00 85.00
China, Peoples
Pepublic oí
90!.08 90!.08
Georgia !85.00 85.00 !00.00
lndia !,422.58 !,422.58
lndonesia 85.00 85.00
Kyrgyz Pepublic 88.20 88.20
Marshall lslands 9.50 9.50
Mongolia 8.00 8.00
Nepal !54.90 !54.90
PakisIan 270.00 270.00
Papua New Guinea !J.00 !J.00
Philippines 400.00 400.00
Samoa !6.00 !6.00
Sri Lanka J67.!7 J7.!7 JJ0.00
Thailand J00.00 J00.00
UzbekisIan 655.00 265.00 J90.00
VieI Nam 508.00 J88.00 !20.00
1oIal 5,899.43 1,589.77 4,309.66
~ nil.
5overeign Lending
A!H hus upprovcd this ycur 6º Iouns to 1S dcvcIoping ncnbcr countrics totuIing
$5.º0 biIIion. Approvcd Iouns fron A!H`s ordinury cupituI rcsourccs (OCR) totuI ubout
$4.31 biIIion, vhiIc $1.5º biIIion cunc fron A!H`s conccssionuI Asiun !cvcIopncnt Iund
(A!I).
Nonsovereign Operations
A!H hus upprovcd tcn nonsovcrcign projccts vorth $S50.º niIIion.
Grants
A!H hus upprovcd 3S grunt-finunccd projccts totuIing $530.2 niIIion, und 175 tcchnicuI
ussistuncc projccts vorth $202.0 niIIion.
Operations Updates, 2û1û
a
Nonsovereign OperaIions, 2010 ($ millioh)
SecIor EquiIy Loah 1oIal
ParIial CrediI
GuarahIee
PoliIical Risk
GuarahIee 8-Loah
Lnergy 8.00 2J!.J! 29J.J!
linance !55.00 20.00 !75.00 250.00
TransporI and lCT 40.00 40.00
WaIer Supply and
OIher Municipal
lnírasIrucIure
and Services
!0.00 J6.62 46.62 !00.00
1oIal 173.00 327.93 500.93 250.00 - 100.00
~ nil, lCT ~ iníormaIion and communicaIion Iechnology.
a
As oí J! OcIober 20!0.
ToIals may noI add up because oí rounding.
Publisher: Ann Ouon
EdiIor: lloyd Whaley
AssociaIe EdiIor: Ma. Liza Solano
LayouI ArIisI: Alvin M. Tubio
$'%5HYLHZ provides a mohIhly
elecIrohic digesI o! acIiviIies o!
Ihe Asiah DevelopmehI 8ahk (AD8).
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do hoI hecessarily re!lecI Ihe o!!icial
views o! AD8. MaIerials may be reprihIed
wiIh crediI giveh Io $'%5HYLHZ.
CommehIs may be e-mailed Io
review@adb.org
1o subscribe, sehd ah e-mail Io
review@adb.org; !ax a message Io
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$'%5HYLHZ, DeparImehI o! ExIerhal
RelaIiohs, Asiah DevelopmehI 8ahk,
6 AD8 Avehue, Mahdaluyohg CiIy,
1550 MeIro Mahila, Philippihes
For Ihe web versioh, go Io
www.adb.org/review
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PublicaIiohs
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ADB Online
www.adb.org
Volume 42, Number !2 º December 20!0
lSSN: 0!!88674
5ource o! 1echnicaI
AssisIance GranIs, 2010
($ millioh)
AD8íunded 72.45
!apan Special lund !!.00
!lPP !!.66
PCll !0.J0
CCl 2.95
OIher sources 9J.59
1oIal 201.95
CCl ~ ClimaIe Change lund, !lPP ~ !apan lund íor PoverIy
PeducIion, PCll ~ Pegional CooperaIion and lnIegraIion lund.
5ource o! GranI-Financed
ProjecIs, 2010 ($ millioh)
ADl 455.09
CCl/APDPl !0.50
OIher sources 64.65
1oIal 530.24
APDPl ~ AsiaPaciíic DisasIer Pesponse lund, CCl ~ ClimaIe
Change lund.
$
'
%
Asiah
DevelopmehI
Fuhd
1,589.77 (27%)
Ordihary
capiIal
resources
4.309.66 (73%)
5ource o! ADß Loans, 2010
($ millioh)

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