Corporate Governance in Less Developed and Emerging Economies


Book Description

Corporate governance reform has become an important global policy agenda driven by events such as the 1997 Asian financial crisis, corporate scandals (such as Enron and WorldCom) and the globalisation of capital markets. This book advances debate on corporate governance, accountability and transparency in less developed and emerging economies.




Effective Approaches to Poverty Reduction


Book Description

This report presents nine case studies of recent Asian Development Bank projects in Mongolia, Nepal, the People's Republic of China, the Philippines, Sri Lanka, Uzbekistan, and Viet Nam. The case studies highlight innovative interventions and common effective approaches used to reduce poverty: (i) providing broader access to economic opportunities, (ii) promoting resilience, and (iii) empowering communities through improved governance. By sharing experiences gained from the successful implementation of these projects, this report aims to contribute to international efforts to develop and adopt better policies and practices toward eradicating poverty.




Lessons from ADB Transport Projects


Book Description

From in-country to cross-country connections, whether by land, air, or water, transport is a key ingredient that enables nations to achieve economic and social development goals. The Asian Development Bank has been working with developing member countries to improve roads, airports, waterways, and other transport infrastructures to provide people with better access to economic opportunities, public services, domestic and international markets. This publication shares 20 case stories bearing practical knowledge and lessons for transport projects across Asia and the Pacific region under different socioeconomic and political situations.




The Story of Lanka Electricity Company


Book Description

The story of Lanka Electricity Company (Pvt) Limited (LECO) of Sri Lanka is how one of the earliest examples of electricity industry reforms in 1983 turned into a landmark example for South Asia and beyond. Homegrown technical innovations, implemented with Asian Development Bank’s support for investments and to improve governance in Sri Lanka’s electricity distribution sector, eventually led to improved performance. Developing an organizational culture that prioritizes meticulous planning, distribution engineering, customer care, and financial viability, LECO overcame challenges and learned lessons to be the success it is today. LECO looks forward to meeting the emerging challenges of a modern utility to host distributed generation.




Gender Equality Results in ADB Projects


Book Description

Rapid gender assessments of 12 projects in four countries were undertaken as part of the Asian Development Bank's commitment to improving aid effectiveness. The assessment of three loans in Sri Lanka found that positive gender equality results were achieved due to the implementation of gender action plans and provisions. Gender action plans were effective tools for ensuring that both women and men participated in and benefited from projects. Gender equality results and gender action plans contributed directly to achieving loan outcomes and improved project effectiveness. This report then discusses the gender equality results achieved for each project, summarizes factors that enhanced the quality of project design and implementation, and makes recommendations to maximize gender equity as a driver of change.




Sri Lanka


Book Description

This Selected Issues paper on Sri Lanka reviews several issues that highlight both Sri Lanka’s accomplishments and their policy constraints amidst a protracted period of civil conflict and political instability. High intermediation costs have held back development of the financial sector and could also frustrate Sri Lanka’s quest for higher growth. The main constraints to achieving higher growth include the civil conflict, political instability, high fiscal deficits and inflation, and underdeveloped financial markets.




Relocation Failures in Sri Lanka


Book Description

Each year, millions of people are internally displaced and resettled in the wake of wars and floods or to make way for large-scale development projects, and this number is increasing. Humanitarian and development specialists continue to struggle with designing and executing effective protection strategies and durable solutions. Relocation Failures explains how internal displacement and efforts to engineer resettlement are conceived and practiced by policy makers and practitioners. The author argues that policies for internally displaced peoples are weak and diluted by narrow interpretations of state sovereignty and collective action dilemmas, and in the case of Sri Lanka, unintentionally intensified ethnic segregation and ultimately war. This unique new book considers the origins and parameters of internal displacement and resettlement policy and practice and proposes an explanation for why it often fails. In highlighting the ways that development assistance can exacerbate smoldering conflicts, the volume provides an important caution to the aid community.







Ready to Learn


Book Description

Countries that have sustained rapid growth over decades have typically had a strong public commitment to expanding education as well as to improving learning outcomes. South Asian countries have made considerable progress in expanding access to primary and secondary schooling, with countries having achieved near-universal enrollment of the primary-school-age cohort (ages 6†“11), except for Afghanistan and Pakistan. Secondary enrollment shows an upward trend as well. Beyond school, many more people have access to skilling opportunities and higher education today. Although governments have consistently pursued policies to expand access, a prominent feature of the region has been the role played by nonstate actors—private nonprofit and forprofit entities—in expanding access at every level of education. Though learning levels remain low, countries in the region have shown a strong commitment to improving learning. All countries in South Asia have taken the first step, which is to assess learning outcomes regularly. Since 2010, there has been a rapid increase in the number of large-scale student learning assessments conducted in the region. But to use the findings of these assessments to improve schooling, countries must build their capacity to design assessments and analyze and use findings to inform policy.