It measures implementation progress of the delivery of key outputs
The key outputs are aligned with the strategic measures of the AEC Blueprint 2025 and the relevant AEC sectoral work plans (SWP) and serve as indicators.
Compliance monitoring is guided by the consolidated sectoral action plan (CSAP) and the annual priorities which are both derived from the sectoral work plans.
Reporting is done on a regular basis or as deemed necessary to the AEC Council and other AEC bodies.
The main source of data is from the sectoral bodies -any specific document? Like annual reports?
To facilitate the annual prioritisation activity
It is the periodic assessment of outcomes through key performance indicators.
Key performance indicators are measures of changes in sectoral or broad economic indicators which reflects benefits that have resulted from the implementation of the AEC Blueprint 2025.
Outcomes monitoring is guided by the AEC Blueprint 2025, the SWP and the broader economic landscape.
Reporting is done every 2 to 3 years
The main source of data are ASEAN Statistics, sectoral data and external sources/databases. Survey data collected by business associations, chambers of commerce, academic and research institutions as well as other regional and international organisations could serve as external data sources.
To provide necessary feedback to the relevant stakeholders to facilitate decision making on prioritisation, sequencing, new activities or the phasing out of activities no longer relevant.
Impact evaluation is the stage after outcomes monitoring. It evaluates how outcomes being achieved are contributing to impact on regional economic integration. It is interested in evaluating the impact of the AEC Blueprint on the socio-economic environment of the ASEAN member states.
Reporting is done periodically, either on a mid-term or end-term basis.
The main source of data are ASEAN Statistics and external sources/databases. Data and reports by business associations, chambers of commerce, academic and research institutions as well as other regional and international organisations could serve as external data sources.
Instrumental in testing the effectiveness of specific regional economic integration initiatives to long term socio-economic development. Impact evaluation helps policy makers make informed decisions on existing initiatives and enables feedback and recommendations to be made based on empirical evidence.
The progress of compliance monitoring and outcome level KPIs will be reported periodically.
Reporting of the ASEAN economic integration progress and outcomes will be undertaken and tailored for a wide-range of audiences. Some reports will be exclusively presented to the ASEAN member states while some reports will be made available to the public such as the ASEAN Integration Report and the ASEAN Economic Integration Brief. The public reports synthesise and provide analysis of trends and issues at the overall AEC Blueprint level as well as the specific sectors under the AEC.
These reports facilitate informed decision making in relation to the respective SWP. It facilitates the setting of intermediary milestones or activities to achieve specific objectives and cross-cutting strategic decisions.
The AEC Blueprint 2025 is reviewed periodically, as decided by the AECC, based on the M&E activities and reports. The suggested review period is every three years. Mid-term and end-of-term M&E activities for the period of 2016-2020 and 2021-2025 will be conducted as prescribed in the AEC Blueprint 2025 to inform the review process. The respective sectoral bodies will likewise review their SWP.
The review is aimed at enhancing the level of economic integration in ASEAN by ensuring the AEC Blueprint 2025 remains relevant and is able to adapt to changing demands and challenges in the regional and international economic landscape.