We recently concluded our support for the Mid Term Review of the Master Plan on ASEAN Connectivity (MPAC) 2025. The Mid-Term Review (MTR), which started in 2020, took stock of the implementation progress, highlighted successes and identified challenges in the implementation of MPAC 2025. Furthermore, it established linkages to other ASEAN and external initiatives,
and provide recommendations for necessary adjustments to boost implementation at both regional and national levels in line with a review of the continued relevance of MPAC 2025. The MTR noted MPAC 2025’s relevance against emerging trends in the region, particularly the ongoing COVID-19 pandemic which has major implications for connectivity.
The MTR found that MPAC 2025 initiatives could transform socio-economic outcomes in ASEAN and emerging trends such as covid-19 will make connectivity increasingly relevant. Enhanced digital financial services, for example, which is an objective under the Digital Innovation strategic area, could lead to USD295 billion in new credit, USD368 billion in new deposits and a leakage reduction of USD10 billion per annum for governments. Sustainable urbanisation actions, under the Sustainable Infrastructure strategic area, could result in savings for 13
major ASEAN cities of up to USD50 billion in total. There is little doubt that timely progress of MPAC 2025 implementation would greatly benefit the region, particularly in the midst of the COVID-19 pandemic.
Significant progress on MPAC 2025 implementation has been achieved to date, but there are variations by initiative. The MTR suggested a set of recommendations for boosting implementation, which includes enhancing sectoral-level alignment, strengthening engagement with ASEAN partners, and promoting private sector participation.
Click here to download the Executive Summary and infographics on the MTR.
Also read about the Operational Guide for Monitoring, Review, and Evaluation of the Master Plan on ASEAN Connectivity 2025, which served as reference in the conduct of the MTR.