With Strategy 2030, ADB has a crucial chance to make a difference in achieving a better quality of growth in the region.
Yes – but only if the focus is on quality and impact, and not on the quantity and volume of investment.
The indicator rather understates the true extent of global poverty.
Although evaluation findings often confirm strongly held and highly intuitive views in areas like project design, sometimes there are unexpected results.
The spike in climate-related disasters is linked not only to people’s increased exposure and vulnerability, but also to changes in temperature and rainfall from rising greenhouse gases.
If done well, evaluations can also bring a certain degree of objectivity to decision-making in development programs. Here are 3 ways in which evaluation results make a difference.
As multilateral development banks gear up to fill serious gaps in infrastructure in Asia, attention also focuses on safeguards, which should be a top concern for established lenders such as the World Bank and ADB as well as new players like the AIIB.
For a long time, sustainability was seen as an environmental issue that represented an unwelcome trade-off with strong economic growth. But now it encompasses a more mutually dependent set of environmental, economic, and social goals.
A focus on inclusion in the new SDGs is vital for Asia and the Pacific, where inequality has risen some 20% in the past two decades, and around 1.4 billion people live under $2 a day.
Safeguards to avert damage that development projects can do to the environment and communities are essential in development finance.