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Statement on the GMS: Rehabilitation of the Railway in Cambodia Project - Final Report of the Compliance Review Panel

On 31 January 2014, the Asian Development Bank's (ADB) Board of Directors agreed to bring the GMS: Rehabilitation of the Railway in Cambodia Project into full compliance with its safeguard policies following a report by ADB’s Compliance Review Panel (CRP).

Interrelationship between Shadow Prices, Project Investment and Policy Reforms: An Analytical Framework

Augmenting capital accumulation was considered to be the central challenge for achieving growth in the developing countries in the 1960s and 1970s. Project investment constituted the cutting edge of development. To facilitate rational decision making for public sector investment, a vast literature on project evaluation emerged. Shadow prices defined as the ultimate effect on society's welfare resulting from a change in the net supply of an input or output featured prominently in this literature.

Institutional Parameters of a Region-Wide Economic Agreement in Asia: Examination of Trans-Pacific Partnership and ASEAN+ Free Trade Agreement Approaches

The future creation of a region-wide economic agreement in Asia has become the hot issue among trade policymakers in the region. The APEC 2010 Summit Statement clearly states that the members should pursue a Free Trade Area of the Asia-Pacific (FTAAP), building on various ongoing regional cooperation formworks including ASEAN+3 or +6 and the Trans-Pacific Partnership (TPP). This paper considers the path or sequencing towards a future region-wide economic agreement in Asia, both theoretically and empirically.

Impact of Population Aging on Asia's Future Growth

This paper examines the quantitative impact of population aging on economic growth in 12 developing Asian economies that make up the bulk of the region's population and output. This document finds that the demographic dividend that contributed to growth is set to decline visibly in 2011-2030. In fact, the dividend will turn into a tax that reduces growth in the region's older countries.