2016. ASIAN DEVELOPMENT OUTLOOK 2016 UPDATE

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1 Revised : 28 September 2016 p.15: Figure Tonga, and Samoa, where coping capacity is limited. Research confirms a link between the changes in the global climate so far experienced and the rise in the number and severity of natural disasters such as typhoons and droughts. As such, developing Asia has a strong stake in the global fight against climate change. This is the topic of this Update s theme chapter. p.15: Boxes on earthquake added. and Samoa, where coping capacity is limited. Research confirms a link between the changes in the global climate so far experienced and the rise in the number and severity of weather-related natural disasters such as typhoons and droughts. As such, developing Asia has a strong stake in the global fight against climate change. This is the topic of this Update s theme chapter. p.63: first para p.63: China the PRC p.65: Figure p.65: Scale of left axis of the left panel chart corrected. p.77 Globally, some 40 national jurisdictions and over 20 cities, states, and regions have adopted carbon pricing (Kossoy et al. 2015), covering around 12% of global emissions (Figure 2.4.1). These countries include India, Indonesia, Kazakhstan, the PRC, Thailand, and Viet Nam. Carbon pricing is particularly important for Asia s largest emitters, the PRC and India in that order, which must substantially reduce coal consumption by 2030 to achieve their INDCs.

2 Revised : 28 September 2016 p.88: Figure p.88: Figure revised

3 Contents page Pages added Abbreviations page List edited p.52 Table A.2.1 moved to the last section of Part 2 (now on p.86) and labelled as Annex; page numbering of Part 2 section 3 (Assessing Asia s low-carbon transition) adjusted to start at page 52. p.56 Figure revised p.61 Figure Investment in power supply in developing Asia p.57 Figure Investment in energy supply in developing Asia p.65 Figure Reduction in 2050 crop losses in developing Asia p.57 Figure Reduction in 2050 crop losses from ozone pollution in developing Asia p.76 p.72, Box entitled Toward livable cities-some Asian applications added p.77 Table p.73, Table row added Reduction of GHG emission by 2030 (% change)

4 Anecdotal evidence suggests that industry and services expanded in the first half of Investor and consumer confidence appear sustained as the authorities strive to deal with worsening insurgent violence. Concern nevertheless arises over deteriorating security, political uncertainty, and the economic outlook. Donor support was underpinned by implementation of governance and policy reform under the Staff Monitored Program (SMP) of the International Monetary Fund that was successfully completed in May. Anecdotal evidence suggests that industry and services expanded in the first half of Investor and consumer confidence appear sustained as the authorities strive to deal with worsening insurgent violence. Concern nevertheless arises over deteriorating security, political uncertainty, and the economic outlook. Support from development partners was underpinned by governance and policy reform implemented under a sta -monitored program of the International Monetary Fund, which was successfully completed in May. Assuming that the political and security situation does not worsen and the pickup in economic activity continues, this Update maintains the ADO 2016 growth forecasts for 2016 and The ECF is expected to strengthen donor support and macroeconomic stability Assuming that the political and security situation does not worsen and the pickup in economic activity continues, this Update maintains the ADO 2016 growth forecasts for 2016 and The ECF is expected to strengthen macroeconomic stability and support from development partners. p.189 Table A2 Inflation, South Asia average 2014: 6.8; Sri Lanka 2013: 6.9; Sri Lanka 2014: 3.2 p.189 Table A2 Inflation, South Asia average 2014: 6.9; Sri Lanka 2013: ; Sri Lanka 2014: 5.5

5 All pages with charts All pages with charts: URL links were added ( Click here for figure data ) Throughout the document, minor editorial and formatting changes were made but these did not change the publication content.