Asian Development Bank Activities to Promote Inclusive Economic Growth

Abstract

The article examines the activities of the Asian Development Bank (ADB) to stimulate inclusive economic growth (IEG) in the countries of the Asia-Pacific region (APR). The author analyzed the Country Partnership Strategies (CPS) used by the Asian Development Bank for Bangladesh and Thailand (2021–2025), the results of the economic and social development of these countries. This allowed the author to formulate the methodology used by ADB for individual stimulation of IEG in Asia-Pacific countries (based on the IEG model used by the bank, which allows quantifying IEG using 35 indicators). The CPS includes an operational business plan that contains ADB projects and other operations, the volume of borrowings and is based on an analysis of the country’s economic and social development, the goals of the national development strategy, existing growth drivers and negative factors, and an assessment of the dynamics of internal and external conditions. The operational business plan is what allows ADB to tailor IEG incentives. The experience of the ADB, the methodology of individual stimulation of the IEG can be used in Russia by the state development bank VEB.RF.