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Various Countries Project Notice - Macroeconomic Policy For Debt Sustainability And Climate Resilience


Project Notice

PNR 66183
Project Name Macroeconomic Policy for Debt Sustainability and Climate Resilience
Project Detail Project Name Macroeconomic Policy for Debt Sustainability and Climate Resilience Project Number 58278-001 Country / Economy Regional Bangladesh Bhutan Cambodia Cook Islands Fiji Micronesia, Federated States of Kyrgyz Republic Kiribati Lao Peoples Democratic Republic Maldives Mongolia Nepal Niue Pakistan Palau Papua New Guinea Marshall Islands Solomon Islands Sri Lanka Tajikistan Timor-Leste Tonga Tuvalu Uzbekistan Vanuatu Project Status Proposed The proposed multiregional technical assistance (TA) aims to address significant challenges affecting macroeconomic growth and fiscal sustainability in the Asia-Pacific region, including high public debt levels, elevated interest rates, slow revenue growth and increasing exposure to the impacts of climate change. These macroeconomic challenges are exacerbated by the following development constraints: (i) persistent debt vulnerability and low domestic resource mobilization; (ii) poorly regulated quasi-public institutions, such as state-owned enterprises (SOEs), that increase the governments fiscal exposure; (iii) subnational entities that lack the necessary regulatory, legal, and investment frameworks and institutional capacities for effective public debt management and climate action; (iv) lack of robust and well-developed capital markets which impedes increased use of sovereign bonds and transition finance; and (v) limited regional cooperation to promote policy dialogue and knowledge exchange.
Funded By Asian Development Bank (ADB)
Sector Railways
Country Various Countries , Southern Asia
Project Value AL 7,500,000

Contact Information

Company Name Asian Development Bank
Web Site https://www.adb.org/projects/58278-001/main

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