The pandemic has shown central bankers and public debt managers that innovation and creativity are needed to maintain borrowing opportunities and keep local currency bond markets functioning.
As the Philippines rebounds from the pandemic, strengthening labor market programs will be critical to help workers and enterprises make the transition.
Just as past crises triggered international and regional financial cooperation, the pandemic offers an opportunity to collectively improve financial resilience and soundness.
School reopening should be done on a risk-based approach – with situations closely monitored, particularly for the effect of COVID-19 variants – and school closure be used as a last resort.
Roads in Asia and the Pacific have brought us essential supplies and services, frontline workers, food and now vaccines. It is time to revive these vital arteries to prepare for economic recovery.
Seaports, which are a lifeline for economies small and large, have been hit hard by COVID-19 disruptions. Using smart technology will help them rebound and could usher in a new era of equitable economic growth.
The COVID-19 pandemic has created opportunities for a fairer, more robust and more efficient tax revenue and spending system.
Companies deploying Fourth Industrial Revolution technologies, and investing in reskilling and upskilling for digital occupations, are likely to recover faster from the impact of the pandemic.
Strong remittance inflows should be used as an opportunity to strengthen the systems that help overseas workers and their families back at home.