45291-001: Sovereign Debt Crises in the US and the Eurozone: Potential Regional Impacts on Asia
Project Data Sheet (PDS): Overview
1. Financial volatility has returned to the global marketplace amid escalating sovereign debt problems in the United States (US) and the Eurozone countries. Intense political wrangling over the US' debt ceiling, the subsequent downgrading of the US' credit rating, and fears of contagion in the Eurozone have created significant uncertainties in the market. The World Bank's Robert Zoellick has warned that markets are now entering a "new danger zone," while other analysts have raised the ... Read More
|Type or Modality of Assistance||
|Financing||Public sector (Sovereign)|
TA No. 7930
|Approval Date||22 Nov 2011|
|ADB Financing ($ thousand)||225|
Public sector management
|Subsector||Economic and Public Affairs Management|
Inclusive economic growth (IEG)
Regional integration (RCI)
|Drivers of Change||
Governance and capacity development (GCD)
|Gender Equity and Mainstreaming Categories||Category 4: No gender elements (NGE)|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.