Data and Statistics
- ️@ADB_HQ
- ️Wed Nov 27 2024
In the Spotlight
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Publication | November 2024
Asia Bond Monitor – November 2024
This edition reviews recent financial conditions and bond market developments in emerging East Asia, provides updates on policies and regulations, and discusses digital green bonds.
Climate Change Financing at ADB
ADB has placed combating climate change and its consequences at the top of its development agenda. The bank is therefore scaling up support to address climate change, disaster risks, and environmental degradation, elevating its ambition to provide $100 billion in cumulative climate financing from its own resources to its developing member countries for the period 2019-2030.
Economic Forecasts for Asia and the Pacific: September 2024
Growth in developing Asia and the Pacific remained strong during the first half of 2024, supported by domestic demand and a continued recovery in exports. High-income technology exporters benefited from rising global semiconductor sales driven by strong demand for artificial intelligence products. Meanwhile, inflation continued to decline, driven by the lagged effects of tight monetary policy and easing global food prices. The growth outlook for developing Asia and the Pacific has been raised to 5.0% for 2024 from 4.9% in April. The 2025 growth projection remains at 4.9%. Inflation in the region is forecast at 2.8% for 2024, down from 3.2% in April, due to currency appreciation in the Caucasus and Central Asia and a slower-than-expected bottoming out of food prices in the People’s Republic of China (PRC). The inflation forecast for 2025 is revised down to 2.9% from an April forecast of 3.0%.
Inflation: Developing Asia
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2024 forecast:
2.8%
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2025 forecast:
2.9%
There are still risks to the outlook. Rising protectionism, depending on the outcome of the presidential election in the United States, could lead to negative real and financial spillovers in developing Asia. Other risks include escalating geopolitical tensions, a deterioration in the PRC’s property market, and adverse weather conditions.
Economic and Social Statistics: Asia and the Pacific
ADB acknowledges the need for reliable, timely, granular, and integrated data, as well as innovative ways to produce them, to guide economic and social development to ensure that nobody is left behind. To aid in evidence-based policymaking, ADB produces key knowledge resources and partners with statistics agencies in Asia and the Pacific to improve the region's capability to produce effective statistics.
ADB Corporate Data
Data on ADB's operations, projects, project results and performance, internal administration, and financial management; including cofinancing partnerships and climate financing.
Financing Infrastructure
Hefty infrastructure needs of $26 trillion from 2016-2030 means Asia and the Pacific needs to find new ways to attract investment. These could include more private financing, infrastructure bonds, or capturing the value of higher land prices.