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For ADB members in Asia and the Pacific, stronger tax systems are now more important than ever-to boost revenues enabling recovery from the economic shocks of COVID-19, and to reinforce implementation of Sustainable Development Goals. Using comparative data up to the fiscal year 2020 and drawing from the International Survey on Revenue Administration (ISORA 2021), this sixth edition in our series analyzes the administrative setups and performance...
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Climate and disaster risk is increasing in the Asia and Pacific region, exacerbating existing vulnerabilities and creating new ones. The adverse effects are felt most by the poor and the vulnerable. Social protection programs, when designed with climate and disaster risk considerations in mind, provide enhanced opportunities to strengthen climate and disaster resilience. This guidance note underscores the importance of strengthening climate change...
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The annual Asian Development Outlook, now in its 30th year, analyzes economic performance in the past year and forecasts performance in the next 2 years for the 45 economies in Asia and the Pacific that make up developing Asia. Growth prospects in developing Asia remain strong despite persistent external headwinds responsible for moderating expansion since 2017. Global trade and economic activity weakened toward the end of 2018, slowing growth in...
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Inefficient and uncompetitive cities inhibit economic growth and inclusive development. Integrated urban planning will help stem the decline of Asian and Pacific cities, spelling the difference between a future of gloom or glory in the region. The technical assistance Establishing the Future Cities Program in the Asia and Pacific Region identifies new approaches, particularly the Future Cities approach, to address the challenges of urbanization. The...
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This publication analyzes the evolution of Central Bank Digital Currencies (CBDC) in Asia and the Pacific, assesses their potential risks and technical challenges, and explores their potential to improve cross-border payments and financial inclusion. Ahead of the launch of any large-scale Asian CBDC, it details various models and explores how Cambodia, the People's Republic of China, Singapore, and Thailand are taking the lead. Outlining global developments...
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This publication explores Georgia's growing technology startup scene, assesses the challenges and opportunities for new ventures, and outlines ways to boost the ecosystem and help spur social and economic growth. Drawing on interviews with founders, it analyzes the prospects for tech startups in agriculture, the green economy, health, and education. It examines the government's active role and looks at funding options including venture capital. Explaining...
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This publication presents findings from a climate change risk and adaptation assessment in southern Viet Nam as part of the Water Efficiency Improvement in Drought-Affected Provinces (WEIDAP) project supported by the Asian Development Bank. It highlights new developments and key lessons on climate risk assessment that may be applied to the project design and monitoring as well as the implementation of climate adaptation measures. The WEIDAP project...
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Logistics plays an important role in agricultural production and supply-chain management, ultimately enhancing food safety and quality. Improvements in rural logistics help farmers to harvest and market crops more efficiently; and by facilitating communication, they serve to expand the markets for agricultural products. While recognizing the rapidly changing rural landscape in the People's Republic of China, the distribution of goods is still impeded,...
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This report analyzes how to untangle and simplify the complex product-specific rules of origin (PSRO) in free trade agreements in Asia and the Pacific and explores how technology can cut red tape and reduce inefficiencies impacting trade. It compares the leniency and stringency of PSROs under the Regional Comprehensive Economic Partnership (RCEP) in terms of manufacturing requirements with those contained in ASEAN+1 free trade agreements. Assessing...
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Cities in Asia and the Pacific are expanding rapidly. With this growth, persons with disabilities, older persons, women, and children face significant challenges in accessing urban services and fully participating in city life. To address such barriers, inclusive environments are needed wherein infrastructure and services are built considering the different needs of everyone. The inclusive cities guidelines provide universal design solutions, accessibility...
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This atlas provides spatial information about Maldives and thematic maps necessary for assessing future development investments in terms of climate risks and geophysical hazards. It is also intended to support the formulation of cobeneficial options for climate change adaptation and disaster risk reduction and management. The five-volume atlas is a major output of the project "Establishing a National Geospatial Database for Mainstreaming Climate Change...
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This report provides key information about the 2020 financial operations of trust funds, global funds and special funds administered by the Asian Development Bank (ADB). It includes an assessment of how these trust funds helped ADB's developing member countries respond to the coronavirus disease (COVID-19) pandemic. The contribution made by the funds to the operational priorities of ADB's Strategy 2030 is also discussed.
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This final volume of the Asia Small and Medium-Sized Enterprise Monitor 2020 sets out ADB's work so far on a new composite index called the Small and Medium-Sized Enterprise Development Index (SME-DI) to help guide support for the development of micro, small, and medium-sized enterprises (MSMEs). The SME-DI aims to measure MSME development and access to finance using multivariate analysis of national MSME data. The volume includes the results of testing...
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This publication provides an overview of institutional investors' interest in green bonds issued in Thailand, along with an assessment of the perspectives of local arrangers and underwriters on their clients' interest in green bond issuance. It presents the results of a survey to help identify market drivers, impediments, and development priorities for Thailand's sustainable finance market. The findings and insights in this publication can help the...
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This publication presents findings of a study on the availability and provision of long-term care (LTC) in Mongolia including the need for and supply of LTC, regulatory and policy frameworks, service provision, quality management, human resources, and financing. Analysis, conclusions, and recommendations for the development of LTC systems in Mongolia are also included. It contributes to the development of an in-depth knowledge base on LTC policies,...
16) Handbook on Anti-Money Laundering and Combating the Financing of Terrorism for Nonbank Financial
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This handbook provides nonbanking financial institutions guidance on how to manage risks associated with money laundering and the financing of terrorism. It reflects the requirements of the international standard setter in the fight against money laundering and terrorist financing---the Financial Action Task Force---and is intended to serve as the basis for developing internal controls and procedures by nonbanking financial institutions to combat...
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The Asia Small and Medium-Sized Enterprise Monitor (ASM) is a knowledge-sharing product developed as a key resource for micro, small, and medium-sized enterprise (MSME) development policies in Asia and the Pacific. The ASM 2021 Volume IV reports on a technical exercise for developing an empirically rigorous index that measures various dimensions affecting MSME development in developing Asia.
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This report analyzes e-commerce in Asia and the Pacific, assesses its environmental impact, and explains why providing adequate internet, online payments, and last-mile logistics is key to creating a sustainable and inclusive digital marketplace. Noting the region makes up the largest share of the world's online retail market, it tracks the impact of the pandemic and emphasizes the need to level the playing field for small businesses. It outlines...
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Since 2017, the Asia—Pacific Regional Cooperation and Integration Index (ARCII) has been used for monitoring progress in various dimensions of regional cooperation and integration (RCI). This report discusses how the enhanced ARCII framework incorporates two new dimensions (digital connectivity and environmental cooperation) and other methodological innovations to capture the increasingly complex nature of RCI. With these new features, the report...
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The quarterly Asia Bond Monitor reviews developments in emerging East Asian local currency bond markets. The report discusses key trends in the region's bond markets, and the outlook, risks, and policy options. It covers the 10 members of the Association of Southeast Asian Nations and the People's Republic of China; Hong Kong, China; and the Republic of Korea.
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