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The Asian Development Outlook is an annual publication (available online and in print) produced by the Asian Development Bank (ADB). It offers economic analysis and forecasts, as well as an examination of social development issues, for most countries in Asia. [1]
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, [3] which is headquartered in 6 ADB Avenue, Mandaluyong, Metro Manila 1550, Philippines. [4] The bank also maintains 31 field offices around the world [ 5 ] to promote social and economic development in Asia.
According to the ADB, the Philippines has heavily relied on the ADB for development assistance, borrowing a total of $19.3 billion in the last decade. [2] [failed verification] The Philippines has been commended by the ADB for being a fast-growing economy despite increasing inflation and a plummeting global economy. [3]
The Central Asia Regional Economic Cooperation (CAREC) Program is a program established in 1997 by the Asian Development Bank (ADB) to encourage economic cooperation among countries in Central Asia and nearby parts of Transcaucasia and South Asia.
ADBI is a subsidiary body of ADB. The ADB Board of Governors exercises the same oversight responsibilities over ADBI as for the rest of ADB, including approval for its work program and budget. In 2007 Government of Japan provided $14.2 million for ADBI under its Institute Special Fund scheme. [2]
According to the Asian Development Bank, as of 2020, the unemployment rate increased to 20.2%, while the proportion of employed people who receive less than $1.9 PPP a day is 0.3%. Meanwhile, the under 5 child mortality rate equals 12 per 1000 children. Eliminating poverty is one of the sustainable development goals promoted by the ADB.
The jury cited a number of issues around staffing levels and the sharing of "risk-pertinent information", with "multiple missed opportunities" to provide support.
The focus has been on assessing the current state of infrastructure, both in terms of quantity and quality across categories, and identifying critical capacity gaps and other issues. GoAP in November 2017 introduced a legislative bill pertaining to the development of industrial corridors across the state.