Asian Development Bank Activities to Promote Inclusive Economic Growth

Occupation: Associate Professor, Department of Banking and Financial Markets, Financial University under the Government of the Russian Federation
Affiliation: Financial University under the Government of the Russian Federation
Address: Russian Federation, Moscow

Journal name

Asia and Africa Today

Edition

Issue 4

Pages

30-37

Abstract

The article examines the activities of the Asian Development Bank (ADB) to stimulate inclusive economic growth (IEG) in the countries of the Asia-Pacific region (APR). The author analyzed the Country Partnership Strategies (CPS) used by the Asian Development Bank for Bangladesh and Thailand (2021–2025), the results of the economic and social development of these countries. This allowed the author to formulate the methodology used by ADB for individual stimulation of IEG in Asia-Pacific countries (based on the IEG model used by the bank, which allows quantifying IEG using 35 indicators). The CPS includes an operational business plan that contains ADB projects and other operations, the volume of borrowings and is based on an analysis of the country’s economic and social development, the goals of the national development strategy, existing growth drivers and negative factors, and an assessment of the dynamics of internal and external conditions. The operational business plan is what allows ADB to tailor IEG incentives. The experience of the ADB, the methodology of individual stimulation of the IEG can be used in Russia by the state development bank VEB.RF.

Keywords

development bank, project, project cycle, country partnership strategy, Asian Development Bank, indicative planning, inclusive economic growth

Received

14.06.2023

Publication date

14.06.2023

Number of characters

18416

Cite

GOST	Matveevsky S. Asian Development Bank Activities to Promote Inclusive Economic Growth // Asia and Africa Today – 2023. – Issue 4 C. 30-37 [Electronic resource]. URL: https://asaf-today.ru/S032150750025371-0-1 (circulation date: 20.05.2024). DOI: 10.31857/S032150750025371-0
MLA	Matveevsky, Sergey S. "Asian Development Bank Activities to Promote Inclusive Economic Growth." Asia and Africa Today 4 (2023):30-37. DOI: 10.31857/S032150750025371-0
APA	Matveevsky S. (2023). Asian Development Bank Activities to Promote Inclusive Economic Growth. Asia and Africa Today (4), pp.30-37 DOI: 10.31857/S032150750025371-0

100 rub.

When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 0, views: 206

Readers community rating: votes 0

1. De Luna-Martínez, J. 2017 Survey of National Development Banks. Global report. World Bank Group. https://documents1.worldbank.org/curated/en/977821525438071799/pdf/2017-Survey-of-National-development-banks.pdf (accessed 19.04.2021)

2. Asian Development Bank. Official site. https://www.adb.org/what-we-do/public-sector-financing/project-cycle#accordion-0-0/ (accessed 15.02.2022)

3. Eurasian Economic Commission. UNCTAD. Inclusive growth of the Eurasian Economic Union Member States: assessments and opportunities. EEC, UNCTAD, 2019. https://www.researchgate.net/profile/Steve-Macfeely/publication/337946978_InclusiveGrowth_of_the_Eurasian_Economic_Union_Member_States_assessments_and_opportunities/links/5df768a44585159aa48095c5/Inclusive-Growth-of-the-Eurasian-Economic-Union-Member-States-assessments-and-opportunities.pdf?origin=publication_detail (accessed 12.05.2022)

4. Framework of inclusive growth indicators 2014. Key indicators for Asia and the Pacific. Special supplement. Asian development bank. https://www.adb.org/sites/default/files/publication/42813/ki2014-special-supplement_0.pdf (accessed 17.03.2022)

5. Country Partnership Strategy. Bangladesh, 2021–2025 - Sustain Growth, Build Resilience, and Foster Inclusion. August 2021. https://www.adb.org/documents/bangladesh-country-partnership-strategy-2021-2025/ (accessed 11.06. 2022)

6. Asian Development Bank and Bangladesh: Fact Sheet. July 2022. https://www.adb.org/publications/bangladesh-fact-sheet (accessed 15.05.2022)

7. Asian development outlook 2022. Mobilizing taxes for development. April 2022. Asian development bank. https://www.adb.org/publications/asian-development-outlook-2022 (accessed 15.05.2022)

8. Inclusive and sustainable growth assessment. Country Partnership Strategy. Bangladesh, 2021–2025 - Sustain Growth, Build Resilience, and Foster Inclusion. August 2021. https://www.adb.org/documents/bangladesh-country-partnership-strategy-2021-2025/ (accessed 15.06.2022)

9. Country Operations Business Plan. Bangladesh 2021–2023. August 2020. https://www.adb.org/documents/bangladesh-country-partnership-strategy-2021-2025/ (accessed 18.06.2022)

10. Thailand, 2021–2025. Prosperity and Sustainability through Knowledge and Private-Sector-Led Growth. April 2021. https://www.adb.org/documents/chair-summary-18-may-2021 (accessed 05.08.2022)

11. Asian Development Bank and Thailand: Fact Sheet Publication. April 2022. https://www.adb.org/publications/thailand-fact-sheet (accessed 15.05.2022)

12. Country Partnership Strategy. Thailand, 2021–2025 - Prosperity and Sustainability through Knowledge and Private-Sector-Led Growth. April 2021. https://www.adb.org/documents/chair-summary-18-may-2021 (accessed 05.08.2022)

13. Country Partnership Strategy. Thailand 2021–2023. Inclusive and sustainable growth assessment. https://www.adb.org/documents/chair-summary-18-may-2021 (accessed 08.08.2022)

14. Country Operations Business Plan. Thailand 2021–2023. December 2020. https://www.adb.org/documents/chair-summary-18-may-2021 (accessed 05.08.2022)