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ADB Accountability Mechanism
The new Accountability Mechanism became effective on 24 May 2012 after a full-scale review of the 2003 version. The review resulted in clearer and closer collaboration between the functions of problem solving—handled by the Office of the Special Project Facilitator (OSPF)—and those of compliance review by the Office of the Compliance Review Panel (OCRP). This report marks the first joint Accountability Mechanism Annual Report of the OSPF and OCRP in the spirit of promoting synergy in the new Accountability Mechanism. It outlines complaint-related activities of the OSPF and OCRP in 2012 and touches on its outreach and the information-sharing initiatives of the new Accountability Mechanism. Background ADB's Accountability Mechanism allows persons affected by ADB-assisted projects to submit complaints about harm resulting from those projects. It is guided by the principles of: responsiveness to project-affected persons’ concerns; fairness to all stakeholders; independence and transparency; cost effectiveness and efficiency; and complementing other ADB systems (including supervision, audit, and quality control).
Resurging Asian Giants
The economies of the People's Republic of China and India have seen dramatic growth in recent years. As their respective successes continue to reshape the world's economic landscape, noted Chinese and Indian scholars have studied the two countries' development paths, in particular their rich and diverse experiences in such areas as education, information technology, local entrepreneurship, capital markets, macroeconomic management, foreign direct investment, and state-owned enterprise reforms. Drawing on these studies, ADB has produced a timely collection of lessons learned that serves as a valuable refresher on the challenges and opportunities ahead for developing economies, especially those in Asia and the Pacific.
Regional Cooperation and Integration
Over the past 2 decades, the Asian Development Bank (ADB) and its developing member countries have worked together to promote regional cooperation and integration (RCI). Evolving economic conditions continually pose new challenges to RCI efforts. In March 2012, about 160 representatives from Asia and the Pacific met to share their RCI experiences and discuss strategies for deepening RCI in the region. This summary of the conference features the discussions and presentations including information on major RCI programs. It aims to improve understanding of RCI and help guide future strategies within the region.
Eco-Compensation for Watershed Services in the People's Republic of China
The People's Republic of China (PRC) is seeking new approaches to improve water management outcomes in the face of a growing water crisis caused by ongoing pollution control and watershed management challenges. This has included numerous experiments in "eco-compensation" (which shares characteristics with payments for ecological services). This paper details progress in creating a national eco-compensation ordinance and discusses the ongoing institutional challenges in its effective development. Water is possibly the single most-pressing resource bottleneck of economic growth for the PRC over the medium term. As such, the degree to which such initiatives are ultimately successful is not only critical for the PRC but also has major ramifications for global food, fuel, and commodity markets and production chains.
Rural Finance in Poverty-Stricken Areas in the People's Republic of China
Local financial institutions represent the best choices in the financial system for small and medium-sized enterprises and farming households. Government agencies in the People's Republic of China (PRC) have proposed policies that would relax market entry criteria and allow the creation of diversified rural financial institutions. These measures will help improve PRC's financial market structure, promote better rural financial services, enable financing of labor-intensive economic activities, and promote socioeconomic development. This publication offers an overview of rural finance in the PRC, examines current financial policy and models, and offers recommendations for future reform measures.
Together We Deliver
The book highlights successful projects that demonstrated development impacts, best practice, and innovation. They were implemented through the hard work of ADB's developing member countries, with support from ADB project teams and other partners. The results of the projects have changed and will continue to change the lives of many, especially the poor. Together We Deliver is jointly produced by ADB and its developing member countries as a companion publication to the 2013 Development Effectiveness Review report.
Drying Up
Climate change is one of a few major factors that ensure the country will continue to struggle to supply its cities and industries and fields with enough water, particularly in the North, as well as face more frequent and longer droughts. The country has shown a stunningly agile disaster response system, but its system for disaster prevention and management is far less developed. The road to greater drought management and sustainable water supplies is demand management. How to achieve this in a historically hydraulic-engineering society is explored through the case study of Guiyang Municipality in Guizhou Province.
Economics of Climate Change in East Asia
This regional study includes the People's Republic of China, Japan, the Republic of Korea, and Mongolia and examines how strategies for adapting to climate change up to 2050 can be combined with measures to reduce greenhouse gas emissions in East Asia. Besides discussing climate model results for costs of adaptation in infrastructure, coastal protection, and agriculture, the study estimates costs for sector-specific mitigation options and the total abatement potential for 2020 and 2030. Long-term strategies for addressing the impacts of climate change in East Asia are explored with a focus on the linkages between adaptation and mitigation taking account uncertainty about key climate variables. Finally, it discusses opportunities for enhancing the effectiveness of some critical climate change policies such as regional carbon market.
Toward an Environmentally Sustainable Future
This publication presents the results of a 2-year effort to update environmental assessment in the People's Republic of China (PRC). The research was a collaborative effort involving the Asian Development Bank (ADB), the Ministry of Environmental Protection, the National Development and Reform Commission, and numerous other technical and research institutions in the PRC. Based on this research and extensive consultations, ADB proposes a wide range of programs and policies that will help improve environmental quality despite new and emerging sources of pollution and challenges to natural resources management. Inclusive growth and a green economy are the government's guiding principles for its development agenda under the 12th Five-Year Plan and beyond to 2020. To support these principles, the PRC needs to restructure its economic and fiscal systems to reflect environmental externality, expand the use of market-based instruments to control pollution, and introduce and implement legal reforms to clarify responsibility and promote cooperation.
Together We Deliver 2014
The book highlights successful projects that demonstrated development impacts, best practice, and innovation. They were implemented through the hard work of ADB's developing member countries with support from ADB project teams and other partners. The results of the projects have changed and will continue to change the lives of many, especially the poor. Together We Deliver is jointly produced by ADB and its developing member countries as a companion publication to the 2014 Developing Effectiveness Review report.
