ANNUAL REPORT 2011 - IFAD
ANNUAL REPORT 2011 - IFAD
ANNUAL REPORT 2011 - IFAD
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26<br />
Asia and the Pacific<br />
34 countries: Afghanistan, Bangladesh, Bhutan,<br />
Cambodia, China, Cook Islands, Democratic<br />
People’s Republic of Korea, Fiji, India, Indonesia,<br />
Islamic Republic of Iran, Kazakhstan, Kiribati,<br />
Kyrgyzstan, Lao People’s Democratic Republic,<br />
Malaysia, Maldives, Marshall Islands, Mongolia,<br />
Myanmar, Nepal, Niue, Pakistan, Papua New<br />
Guinea, Philippines, Republic of Korea, Samoa,<br />
Solomon Islands, Sri Lanka, Tajikistan, Thailand,<br />
Timor-Leste, Tonga and Viet Nam<br />
Overview<br />
Developing economies in Asia and the Pacific<br />
continued to experience solid growth in <strong>2011</strong>. While<br />
China and India drove overall performance, countries<br />
across the region saw broad economic growth. This<br />
was largely due to strong domestic consumption and<br />
expanding trade within the area.<br />
At the time of writing, GDP was projected to grow<br />
at 7.5 per cent, slightly lower than the 7.8 per cent<br />
growth projected earlier in the year. The decline is<br />
attributed to expected weak demand from Asia’s key<br />
trading partners. Given the uncertain global<br />
environment, GDP for 2012 is expected to remain at<br />
the same level.<br />
CHART 7a<br />
<strong>IFAD</strong> loans by lending terms and DSF grants,<br />
1978-<strong>2011</strong><br />
DSF grants<br />
US$129.3 million - 3.1%<br />
Highly concessional loans<br />
US$3 416.3 million - 81.7%<br />
Intermediate loans<br />
US$587.5 million - 14.1%<br />
Ordinary loans<br />
US$47.0 million - 1.1%<br />
The total population of the region is about<br />
3,784 million, of which 60 per cent live in rural<br />
areas. In countries for which data are available,<br />
about 27 per cent live on less than US$1.25<br />
4, 5 a day.<br />
According to the United Nations Millennium<br />
Development Goals Report for <strong>2011</strong>, poverty rates<br />
have declined significantly across the subregions<br />
since 1990. Eastern Asia showed the greatest<br />
improvement with poverty rates decreasing from<br />
60 to 16 per cent. In Southern Asia the rate dropped<br />
from 49 to 39 per cent, and in South-Eastern Asia<br />
from 39 to 19 per cent. However, in Central Asia, the<br />
figure increased from 6 to 19 per cent.<br />
Trends suggest that Eastern Asia and South-Eastern<br />
Asia are likely to meet the MDG target of halving<br />
extreme poverty and hunger by 2015, although wide<br />
disparities exist among countries. The strong gains<br />
recorded in Eastern Asia are primarily due to progress<br />
in China, while advances in South-Eastern Asia have<br />
resulted largely from improvements in Indonesia and<br />
the Philippines.<br />
Studies indicate that food prices will remain high<br />
and volatile for the foreseeable future, threatening the<br />
food security of the poorest people. This is a result of<br />
CHART 7b<br />
Loan disbursements by lending terms<br />
and DSF disbursements, 1979-<strong>2011</strong> a<br />
DSF grants<br />
US$29.8 million - 1.1%<br />
Highly concessional loans<br />
US$2 357.6 million - 84.9%<br />
Intermediate loans<br />
US$390.5 million - 14.1%<br />
a Loan disbursements relate solely to Regular Programme loans<br />
4 Raw data were sourced from the <strong>2011</strong> Human Development Report of the United Nations Development Programme. Population<br />
figures exclude Cook Islands and Niue. Data regarding people living below the poverty line are available only for the following<br />
countries: Bangladesh, Cambodia, China, India, Indonesia, Islamic Republic of Iran, Kazakhstan, Kyrgyzstan, Lao People’s<br />
Democratic Republic, Mongolia, Pakistan, Philippines, Sri Lanka, Thailand, Timor-Leste and Viet Nam. Because international data<br />
agencies continually improve their data series, the data presented in the <strong>2011</strong> Human Development Report are not comparable<br />
with those published in earlier editions.<br />
5 If China is excluded from the figures for Asia and the Pacific, the total population is 2,436 million, of which 64 per cent live in rural<br />
areas. In countries for which data are available, about 33 per cent live on less than US$1.25 a day. If both China and India are<br />
excluded from the figures for Asia and the Pacific, the total population is 1,195 million, of which some 58 per cent live in rural<br />
areas. In countries for which data are available, about 22 per cent live on less than US$1.25 a day.