Learning Lessons: Evaluation Lessons of a Global Financial Crisis for Asia and ADB

As Asia and the Pacific recovers from the 2008–2009 global financial crisis, the distress engulfing European economies is stoking fears of a new storm battering the region’s exports and restricting financial resource flows. Concerned about a crisis governments in Asia are preparing their defenses and might seek financial support and policy advice from ADB. This brief discusses the potential risks to Asia from a crisis in Europe, and lessons from evaluation on… (more)

As Asia and the Pacific recovers from the 2008–2009 global financial crisis, the distress engulfing European economies is stoking fears of a new storm battering the region’s exports and restricting financial resource flows. Concerned about a crisis governments in Asia are preparing their defenses and might seek financial support and policy advice from ADB. This brief discusses the potential risks to Asia from a crisis in Europe, and lessons from evaluation on crisis response support provided by ADB and other international financial institutions.

Evaluations of the responses to the 2008–2009 global financial crisis by ADB and other international financial institutions provide valuable lessons. For crisis response, evaluation-based lessons place the greatest stress on preparation by developing countries, ADB, and the Independent Evaluation Department (IED).