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

Country Regional
Project Number 45291-001
Type or Modality of Assistance Technical Assistance
Financing Public sector (Sovereign)
Status Closed
Approval Number TA No. 7930
Approval Date 22 Nov 2011
ADB Financing ($ thousand) 225
Sector Public sector management
Subsector Economic affairs management
Strategic Agendas 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)


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