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Highlights of the 2015 Annual Meeting Knowledge Sharing And HIGHLIGHTS of the Annual Meeting Knowledge Sharing and Partnership Events HIGHLIGHTS of the Annual Meeting Knowledge Sharing and Partnership Events Creative Commons Attribution . IGO license (CC BY . IGO) © Asian Development Bank ADB Avenue, Mandaluyong City, Metro Manila, Philippines Tel ; Fax www.adb.org; openaccess.adb.org [email protected]; [email protected] Some rights reserved. Published in . Printed in the Philippines. Publication Stock No. ARM The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be bound by the terms of said license as well as the Terms of Use of the ADB Open Access Repository at openaccess.adb.org/termsofuse The CC license does not apply to non-ADB copyright materials in this publication. Note: In this publication, “$” refers to US dollars. All photos are from ADB. For orders, please contact: O¢ce of The Secretary [email protected] Printed on recycled paper CONTENTS Letter from The Secretary..............................................................................................................................................3 Seminar Series Governors’ Seminar: Rethinking Growth Potential and Growth Models ..............................................................................................4 Financial Sector Development for Sustaining Asia’s Growth ..................................................................................................................6 Private Infrastructure in Asia: Enormous Need but Constrained Supply— Preparing Bankable Projects and Removing Impediments to Private Financing .................................................................................7 ADB’s PPP Operations and EIU’s PPP Readiness Index: 2014 Asia Infrascope ..................................................................................8 ADB Development Eectiveness Report 2014: Delivering Results and Measuring for Success ......................................................9 Challenges and Opportunities for Livable Asian Cities ..........................................................................................................................10 ADF-OCR Combination: Enhancing ADB’s Financial Capacity for Reducing Poverty .....................................................................11 Revealing the Financing Solutions for Universal Health Coverage ...................................................................................................... 12 Economics of Gender Equality ....................................................................................................................................................................13 Beyond Growth: Innovation and Governance ..........................................................................................................................................14 Central Asia, Southern Caucasus and the Future of Regional Cooperation and Integration .......................................................... 15 Sponsored Seminars From Factory Floor to the Middle Class: Does Labor-intensive Manufacturing Promote Economic Mobility? ..........................16 Where are Asia’s Capital Markets Headed? Plotting Regional Trends in the Midst of a Transforming Global Landscape ....... 17 Unearthing the Future Drivers For Asia’s Growth Pillars—People’s Republic of China, India, Indonesia .................................... 18 Energy Policy Reassessment in Asia ...........................................................................................................................................................19 ADB-Islamic Financial Services Board Panel: How Islamic Finance Can Contribute to Sustainable Growth in Asia ............... 20 Role of ICT Solutions for Developing Sustainable Cities and Communities— Solutions for Disaster Resilience, Safer and Smart Cities ...................................................................................................................... 21 Civil Society Program....................................................................................................................................................22 Special Features Host Country Event—Azerbaijan 2020: Toward an Innovative and Diversified Economy ............................................................25 CNBC Debate ............................................................................................................................................................................................... 26 LETTER FROM THE SECRETARY On behalf of the Asian Development Bank, I would like to thank you for participating in the 48th Annual Meeting of the Board of Governors in Baku, Azerbaijan. Over 2,500 participants came to Baku to take part in dialogues and discussions about the future of Asia and the Pacific and how ADB can step up its eªorts to reduce poverty in the region. Expanding on the Annual Meeting theme “Fostering Partnership for Development,” the host country underscored the importance of leveraging knowledge and resources of various partners and stakeholders to amplify the impact and enhance the sustainability of development programs and projects. The host country also held a conference discussing Azerbaijan’s challenges and innovative approaches to diversity its economy. The 2015 seminar program featured a diverse mix of topics relevant to ADB’s areas of operations, including financial sector development, private infrastructure financing and public–private partnership readiness, sustainable urban development, financing universal health care, and gender equality, among others. ADB Governors also participated in discussions about growth potential and growth models in Asia and the Pacific and creating and sustaining livable cities. A vibrant civil society program also took place featuring a youth debate and panel discussions on disaster resilience, ICT, governance, food security, and financing biodiversity conservation. Civil society organization representatives also held discussions with the ADB President and senior management on issues of mutual interest. An important part of the meeting was the partnership forum jointly chaired by ADB President Takehiko Nakao and Nepal Finance Minister Ram Sharan Mahat in response to the devastating earthquake that struck Nepal several days prior to the Annual Meeting. The forum was attended by delegates from 25 countries, representatives of international aid agencies, and other multilateral development partners. The meeting recognized the central role of the Government of Nepal in coordinating relief and reconstruction eªorts. It stressed the importance of anchoring rebuilding eªorts on a comprehensive assessment that is geared toward enhancing Nepal’s resilience to respond to future disasters. Additional information about the Annual Meeting may be found on ADB’s Visit our website: website, including links to multimedia content and ADB publications. We look forward to welcoming you again in 2016, as Frankfurt, Germany prepares to host the 49th Annual Meeting. adb.org/annual-meeting/2015/kspe Woochong Um The Secretary Asian Development Bank ADB SEMINAR SERIES GOVERNORS’ SEMINAR: RETHINKING GROWTH POTENTIAL AND GROWTH MODELS Panelists: At the Governors’ Seminar, panelists discussed recent growth experiences and Taro Aso policy eªorts being made by economies in Asia and the Pacific in responding and Governor for Japan, Asian Development adapting their growth models to changing internal and external environments. Bank; and Deputy Prime Minister, Minister While noting significant progress made in addressing supply-side constraints of Finance, and Minister of State for and stimulating domestic demand in the region in recent years, they emphasized Financial Services, Japan the importance of continued reforms to take advantage of new opportunities, address emerging challenges, and realize the full potential of their economies; Bambang Brodjonegoro and to maintain robust, inclusive, and sustainable growth. Governor for Indonesia, Asian Development Bank; and Developing Asia has grown at 7.6% annually in the last decade, and despite Minister of Finance, Indonesia the global financial crisis, it continues to be a major source of global growth, contributing nearly 60% in 2009–2014. However, the favorable conditions Lou Jiwei underpinning this growth may not prevail in coming years. While the external Governor for the People’s Republic of environment is improving, growth of advanced countries—major markets of China (PRC), Asian Development Bank; Asian manufacturing exports—may continue to fall short of its pre-crisis pace. At and Minister of Finance, PRC the same time, falling commodity prices weaken the growth of economies relying on resources exports, and rising labor costs in some parts of the region make Beatrice Maser Mallor upgrading of industries and services more urgent. Meanwhile, some economies Governor for Switzerland, Asian face the challenge of making sources of growth
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