ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Established in 1966, it is owned by 68 members—49 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Bruno Carrasco is Director General concurrently Chief Compliance Officer, Sustainable Development and Climate Change Department of Asian Development Bank.
Mr. Carrasco leads ADB-wide knowledge, innovation, policies and strategies in all thematic and sector operation areas and ensures compliance with environment and social safeguards policies. He oversees the administration of trust funds and global funding initiatives and provides advice to Management on strategic and policy matters, work plans, and major operational matters.
Mr. Carrasco has worked at ADB for more than 23 years and has served in countries across all of its regional departments. An expert in governance, public sector management, and economics, he was most recently Chief of ADB’s Governance Thematic Group, where he defined and sharpened ADB’s work on domestic resource mobilization, infrastructure governance, state-owned enterprise reforms, and fiscal decentralization. Mr. Carrasco has also worked at the United Nations Office for Project Services, the United Nations Development Program, and the European Central Bank.
Mr. Carrasco, a national of Spain, holds a doctorate degree in economics from the University of Essex, a master’s degree in economics from the University of British Columbia, and a bachelor’s degree in economics from the University of Montreal.
Author
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The Role of Geography in Shaping Governance Performance
This paper demonstrates that good governance in one country can influence governance improvements in neighboring countries and highlights that regional political and economic cooperation can benefit institutional development across borders.
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Strengthening India's Intergovernmental Fiscal Transfers: Learnings from the Asian Experience
This publication assesses India’s fiscal federalism framework and recommends improvements based on learnings from the experiences of Australia, Indonesia, Japan, the People’s Republic of China, and the Republic of Korea.
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Fiscal Responsibility and Budget Management Act in India: A Review and Recommendations for Reform
The paper assesses India’s experience with fiscal consolidation and performance under the Fiscal Responsibility and Budget Management (FRBM) Act.
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A Review of Governance e-Solution Investments, 2004-2012
This paper explains how information and communication technology applications in ADB's development projects in South Asia helped improve governance in the region while highlighting the key lessons learned from these projects.
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Reserve Bank of India’s Policy Dilemmas: Reconciling Policy Goals in Times of Turbulence
This paper examines some of the more critical policy dilemmas facing the Reserve Bank of India in its pursuit of stabilizing inflation and sustaining high growth.
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Food Price Escalation in South Asia - A Serious and Growing Concern
South Asia is arguably the most vulnerable region to increasing food inflation given the large segment of the population living below or near the poverty line. This paper deals with the problems related to food price inflation in South Asia in a comprehensive manner. It presents an in-depth empirical analysis of the possible factors that could explain the increase in food inflation, and discusses the impact of food price inflation on poverty and macroeconomic stability in South Asia.
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The Global Financial Crisis: Impact on Asia and Emerging Consensus
The financial crisis, initially traced to subprime mortgage market in the United States (US) and the resulting deleveraging process by global financial institutions involved in highly complex financial transactions, marks the first global financial crisis of the 21st century. Few countries linked to the global financial markets and international trade were spared from the sudden downturn as the financial system imploded in September 2008.
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The Impact of the Global Crisis on South Asia
In South Asia, India and Sri Lanka were affected most by the global economic crisis. They initially responded to the supply shock by a combination of fiscal and monetary policies to mitigate the impact and support economic growth. Bangladesh and Sri Lanka took narrower targeted fiscal stimulus measures, but India adopted more across-the-board fiscal stimulus to support economic growth. The differences in the fiscal and monetary policy stance reflect the impact of the crisis, the assessment of the downturn, and the availability of fiscal space.
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An Assessment of Cross-country Fiscal Consolidation
This paper analyzes fiscal adjustment by reviewing the cross-country experience of the Organization for Economic Cooperation and Development (OECD) or mature economies, and the emerging market economies during 1970-2002.
Editor
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Decentralization, Local Governance, and Localizing the Sustainable Development Goals in Asia and the Pacific
This book, copublished with Routledge, explores the crucial role of subnational levels of government in accelerating progress toward the Sustainable Development Goals in Asia and the Pacific.
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Managing Capital Flows: Issues in Selected Emerging Market Economies
This book compares and contrasts the theoretical paradigm and empirical evidence on merits of capital account liberalization and the role of capital account management.
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Workers Need Digital Skills to Remain Relevant in the Post-Pandemic Job Market
As the region emerges from the pandemic, businesses should adopt more flexible approaches to developing talent for digital jobs, while workers must embrace lifelong learning of digital skills. -
Confronting Asia’s Triple Threat: Climate Change, Biodiversity Loss, Food Insecurity
Without progress on climate and biodiversity, there will be no progress on food security. To address these interlinked challenges, we need an unprecedented level of multilateral, private, and public sector cooperation. -
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Asia-Pacific Countries Must Improve Revenue Collection to Rebound from COVID-19
Collecting taxes more efficiently allows countries to improve their balance sheets after the pandemic while promoting business investment and sustainable economic growth. -
A Sustainable Recovery Depends on Quality Infrastructure Investment
COVID-19 has hit the entire globe at once, slowing investment in resilient infrastructure that will improve lives over the long term. Effective governance is critical to ensure infrastructure projects are well planned, funded, and implemented. -
Southeast Asia Needs High-Performing Public Sector to Beat COVID-19
To respond to the challenges of the pandemic and deliver services effectively, a professional civil service needs to build the values, culture and skills required to respond to complex demands and challenges. -
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Using Urban Mobility and Big Data to Track the Pandemic
An analysis of data from popular transit applications indicates that there is a relationship between increased mobility and COVID-19 cases, but more information is needed to make a definitive link. -
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Artificial Intelligence and Machine Learning in the Time of COVID-19
Researchers are finding new uses for artificial intelligence and machine learning during the pandemic, but they are not a silver bullet.
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ADB Energy Transition Mechanism Marks Significant Milestones
The Energy Transition Mechanism facilitated by the Asian Development Bank has achieved significant progress since the launch of the ETM Southeast Asia Partnership at COP26.
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Germany Commits €25 Million to ADB’s Energy Transition Mechanism
The Government of Germany announced a €25 million grant commitment to the Energy Transition Mechanism Partnership Trust Fund to support the Energy Transition Mechanism (ETM) being led by the Asian Development Bank.
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ADB、公正な移行支援プラットフォームを発表
アジア開発銀行（ADB）は本日、低炭素で強靭な経済への移行からの恩恵を平等に享受でき、いかなる個人、コミュニティ、地域も取り残されないようにするためのADBの取り組みの一環として、「公正な移行支援プラットフォーム」を立ち上げた。
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ADB Launches Just Transition Support Platform
ADB has launched a Just Transition Support Platform, part of ADB’s commitment to ensuring that the benefits of the shift to low-carbon, resilient economies are shared equally and no individual, community, or region is left behind.
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Q&A: ADB’s Office of Risk Management and Sustainable Development and Climate Change Department on Climate-related Financial Disclosures
Stephen O’Leary and Bruno Carrasco discuss ADB's role as Asia and the Pacific’s climate bank and share insights on the benefits of adopting the Task Force on Climate-Related Financial Disclosures reporting framework.
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Digital Skills Critical for Jobs in Asia and the Pacific, Says ADB–LinkedIn Report
Digital skills are increasing in demand in Asia and the Pacific, with 75% of employers in four countries reporting a rise in demand for new hires with digital skills over the last 5 years, according to a new joint report by ADB and LinkedIn.
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ADB Launches Program to Scale Up Investments in Air Quality Improvement
The Asian Development Bank today launched the Asia Clean Blue Skies Program to scale up ADB’s investments in improving air quality in Asia and the Pacific.
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ADB Launches First Blue Bond Incubator to Boost Ocean Investment
ADB launched the world’s first Blue Bond Incubator to support ocean-related projects in Asia and the Pacific, an investment vital for combating the impact of climate change and protecting the livelihoods of people.
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ADB Supports Climate-Smart Insurance in the Philippines with the V20
ADB today announced the commencement of a project to develop climate-smart insurance for micro, small, and medium-sized enterprises in the Philippines to be administered through the Asia-Pacific Climate Finance Fund.
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ADB Appoints Bruno Carrasco Director General for Sustainable Development and Climate Change
ADB has appointed Bruno Carrasco as Director General and concurrently Chief Compliance Officer of its Sustainable Development and Climate Change Department, effective immediately.