Session 2 Eap Regional Strategy

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  • Session 2 Eap Regional Strategy

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

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