These charts illustrate how developing economies in Asia and the Pacific face significant growth challenges due to their exposure to declining demand from major markets in Europe, the United States, and the People’s Republic of China.
Finance ministries are empowered with functions that allow them to lead a comprehensive, government-wide approach to address climate change.
Governments in Asia and the Pacific are navigating fiscal reforms and enhancing governance to align finance with climate action. This includes using national adaptation plans, climate-inclusive fiscal frameworks, and green budget tagging initiatives.
Rapid socioeconomic development and population growth are escalating groundwater overexploitation, creating a potential crisis in Asia and the Pacific.
The region’s aging population poses challenges and opportunities. As the age dependency ratio rises, it's vital to address healthcare, pensions, and food security. Investments in capital, technology, and human capital development are crucial for the 'silver workforce'
Facing global supply chain challenges, the Indo-Pacific Economic Framework promotes economic cooperation among 14 economies, strengthening supply chain resilience, fostering innovation, and driving growth.
Retail bonds provide stability, attract individual investors, and support financial literacy in Asia's growing bond market.
Despite a notable drop in under-five mortality, Asia and the Pacific remains a hotspot for child deaths. The pandemic made things worse, causing a significant decline in routine immunizations. It's time to intensify vaccination programs and renew our commitment to children's health.
Technological transformation in Indonesia should take into account the different needs and opportunities of each region to avoid exacerbating development disparities. Targeted policies are needed to prepare these areas for digitization.
Asia’s industries, primarily manufacturing, fueled phenomenal economic growth and poverty reduction in recent decades. But today many countries are looking to the service sector as an alternative.