1. Rune Stroem Head, Office of Cofinancing Operations ADB’s View on Development Agenda for Sustained Growth in Asia 20th Annual Meeting of the Asian Exim Banks Forum 17-19 November 2014 Jodhpur, India

2. Presentation Outline The "Asian Century" ADB's Midterm Review (MTR) of Strategy 2020 An Eight-Point Development Agenda for Sustained Growth in Asia ADB’s partnership with the Asian Exim Banks Forum 2

3. Asia and Pacific region made great strides in reducing income poverty Region could see an end to extreme poverty within the next decade Challenges ahead - –job loss and other economic shocks –inequalities within and between countries in the region –very large infrastructure gaps that limit access to jobs, health care, education, and other critical services –climate change threatens the region’s security and development The "Asian Century" 3

4. persistent poverty in a large part of Asia adapt ADB operations to new realities - rising inequality, climate change, and issues facing middle-income countries results of the review reflect on ADB performance in the last five years, identify remaining and emerging challenges in the region, and recommend ways in which ADB can improve its service to clients task is to help ADB developing member countries eradicate remaining poverty, and to address inequalities so that the development process becomes more inclusive ADB's Midterm Review (MTR) of Strategy 2020 4

5. 1.security and political stability 2.macroeconomic stability 3.infrastructure investment 4.investment in human capital - education and health 5.open trade and investment regimes 6.good governance 7.society must be inclusive to provide people with incentives to participate in economic and social development 8.government must have a credible vision for a brighter future and set a strategy to achieve it An Eight-Point Development Agenda for Sustained Growth in Asia 5

6. RETA-CDTA 7651: Supporting the Asian Exim Banks Forum in Dialogues on Regional Economic Integration and Partnership over last 4 years ADB supported 12 AEBF training programs: –Australia: 1 (commodity financing) –India: 3 (risk management, overseas investment finance, capital markets) –Indonesia: 1 (SME financing) –Japan: 1 (credit ratings) –Malaysia: 1 (Basel III) –Philippines: 4 including 2 hosted by ADB (trade finance, public sector financing, project financing, syndications) –PRC: 1 (ship finance) ADB’s partnership with the Asian Exim Banks Forum (AEBF) 6

7. www.adb.org 7