Session 2 Eap Regional Strategy
- 1. Securing the Future: Supporting Shared and Sustainable Growth in the East Asian and Pacific Countries and Beyond East Asia Pacific Regional Strategy April 2008
- 4. East Asia Rising Fastest growth & poverty reduction of any region in last 15 years One of the most rapidly improving investment climates in the developing world Growth accompanied by rapid urbanization Source of global growth, investment, knowledge, innovation and aid
- 5. East Asia Rising Fastest growth and poverty reduction of any region in last 15 years One of the most rapidly improving investment climates in the developing world Growth accompanied by rapid urbanization Source of global growth, investment, knowledge, innovation and aid % of FDI to Developing Economies by Region 1998-00 2004-06 Source: World Bank, 2008 GDF and WDI Central Database Source: World Bank, 2008 GDF and WDI Central Database
- 6. East Asia Rising Fastest growth and poverty reduction of any region in last 15 years One of the most rapidly improving investment climates in the developing world Growth accompanied by rapid urbanization Source of global growth, investment, knowledge, innovation and aid Source: 2005 Population Database, United Nations Population Division
- 7. East Asia Rising Fastest growth and poverty reduction of any region in last 15 years One of the most rapidly improving investment climates in the developing world Growth accompanied by rapid urbanization Source of global growth, investment, knowledge, innovation and aid
- 8. Vulnerabilities & Fragility Current economic volatility including impact on fuel & food prices & asset prices Rising inequality within countries, fueled in part by rapid urbanization 2nd largest Region of fragile states & sub-national regions after Africa Environmental damage & vulnerability to climate change Institutional capacity lags economic growth GDP-weighted average of CHN, IDN, MYS, PHL, THA, KHM, LAO, MNG, and VNM monthly yoy inflation rates, using 2007 GDPin constant 2000 $ as weights. GDP-weighted average of CHN, IDN, MYS, PHL, THA, and VNM monthly yoy inflation rates, using 2007 GDP in constant 2000 $ as weights.
- 9. Vulnerabilities & Fragility Current economic volatility including impact on fuel & food prices & asset prices Rising inequality within countries, fueled in part by rapid urbanization 2nd largest Region of fragile states & sub-national regions after Africa Environmental damage & vulnerability to climate change Institutional capacity lags economic growth One-third of EAP city dwellers live in slums
- 10. Vulnerabilities & Fragility Current economic volatility including impact on fuel & food prices & asset prices Rising inequality within countries, fueled in part by rapid urbanization 2nd largest Region of fragile states & sub-national regions after Africa Environmental damage & vulnerability to climate change Institutional capacity lags economic growth
- 11. Vulnerabilities & Fragility Current economic volatility including impact on fuel & food prices & asset prices Rising inequality within countries, fueled in part by rapid urbanization 2nd largest Region of fragile states & sub-national regions after Africa Environmental damage & vulnerability to climate change Institutional capacity lags economic growth
- 12. Vulnerabilities & Fragility Current economic volatility including impact on fuel & food prices & asset prices Rising inequality within countries, fueled in part by rapid urbanization 2nd largest Region of fragile states & sub-national regions after Africa Environmental damage & vulnerability to climate change Institutional capacity lags economic growth Based on the average scores of three Worldwide Governance Indicators, namely, Government Effectiveness, Regulatory Quality, and Control of Corruption.
- 13. A New Partnership Strategy for EAP Pillar 1 : Partnering with middle income and emerging middle income countries to sustain and share gains in growth and prosperity Pillar 2 : Supporting the developmental underpinnings for peace, renewed growth and poverty reduction in the poorest and most fragile states & sub-national regions Pillar 3 : Strengthening support to global public goods and regional cooperation Pillar 4 : Acting as a platform for knowledge exchange within the region and with the rest of the world and support the growing global role of East Asia and Pacific Institutions Supports five of the six Bank-wide strategic themes
- 14. Pillar 1 : Partnering with MICs & Emerging MICs What We Will Do Areas to scale up: Manage fast growth Environmental commons Rural-urban nexus Infrastructure bottlenecks Social protection Build platform for high income status Tertiary education Competitiveness Financial sector development Governance
- 15. Pillar 1 : Partnering with MICs & Emerging MICs How We Will Do It Building the capacity of country systems Just in time policy notes Reducing preparation time and costs New financial & operational instruments Joint work with IFC & MIGA on public-private partnerships in energy & urban infra., financial sector development, sub-national investment climate
- 16. Pillar 2 : The Poorest & Most Fragile States & Sub-national Regions What We Will Do Areas to scale-up: Building the capacity and accountability of institutions Public financial management Natural resource management Investments in basic health, education, rural development, infrastructure, CDD Supporting developmental underpinnings of peace Integrated recovery plans Rapid assistance for social & economic activities Increased percentage of IFC projects in fragile & poorest countries
- 17. Pillar 2 : The Poorest & Most Fragile States & Sub-national Regions How We Will Do It Increasing staff presence, including IFC investment staff Making more use of non-traditional products, e.g., SWAPs and MDTFs Facilitating government-owned donor coordination mechanisms Partnership with peace-building & humanitarian organizations Joint work with IFC & MIGA on natural resource & infrastructure investments, private sector regulatory environment, access to finance (including microfinance)
- 18. Pillar 3 : Global Public Goods and Regional Cooperation What We Will Do Areas to scale-up: Supporting climate change mitigation and adaptation Technical exchange to help with low carbon growth strategies Programmatic approaches to clean tech., energy efficiency & geothermal investments Avoided deforestation with focus on governance Building financial sector capacity to finance energy efficiency
- 19. Pillar 3 : Global Public Goods and Regional Cooperation What We Will Do Areas to scale-up: Supporting regional trade initiatives ASEAN trade targets Regional programs: Greater Mekong Strategy Pooled programs in Pacific Strengthening financial markets & integration Continuing partnership on communicable diseases
- 20. Pillar 3 : Global Public Goods and Regional Cooperation How We Will Do It Supporting regional institutions & governments to lead global & regional efforts on GPGs Improved skills, capacity on climate change mitigation & adaptation, including greater field presence New financial products and bundling of IBRD/IDA, IFC & MIGA products Partnership with IFC & MIGA on energy investment, forestry governance, financial integration & south-south investments
- 21. Pillar 4 : Knowledge Exchange & the Global Role of EAP Institutions What We Will Do Areas to scale-up: Knowledge exchange Expand knowledge exchange by supporting south-south and south-north exchanges Support growing global role for East Asia & Pacific Support policy-making on global initiatives Partner with China, Korea, Thailand on overseas development assistance programs
- 22. Pillar 4 : Knowledge Exchange & the Global Role of EAP Institutions How We Will Do It Incorporate successful policy and program innovations from other regions, including OECD Expand use of Global Distance Learning Network Seminars & conferences to showcase Region’s successful development experience & exchange lessons learned with other regions
- 23. In Conclusion EAP demonstrates the principal global dynamics, opportunities & risks of the 21 st Century Rising incomes versus environmental damage & economic uncertainty Hugely successful poverty reduction versus growing inequality & pockets of fragility Changing global governance dynamics The Bank’s program needs to adapt Prioritizing the type of support to MICs that will sustain a transition to high income status & address social & environmental spillovers of fast growth Investing in support to fragile situations where progress is needed to ensure the region’s collective stability and prosperity Scaling up work on global public goods , in particular related to climate change Recognizing the role of the region as a source of knowledge & indispensable stakeholder in global stability, prosperity & good governance