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The road transport subsector tends to be vulnerable to risks. This is due to large budgets that often comprise a sizable percentage of a country's national budget (20%-30%), an unclear strategic vision, nontransparent policy decisions that lead to inappropriate priorities, procurement contracts for goods and services that lend themselves to corruption, and political interference. Additional factors include weak business processes and control systems,...
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Urbanization will become one of the defining trends of Asia's transformation in the coming decades. Investments in urban areas have a strong potential to contribute to inclusive growth, reduce urban poverty, and strengthen social resilience. The Guidance Note on Poverty and Social Dimensions in Urban Projects aims to assist Asian Development Bank (ADB) staff, including practitioners and specialists working on their behalf, to effectively address the...
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