The massive Regional Comprehensive Economic Partnership (RCEP) agreement is expected to go into force in 2022. It could be instrumental in helping Asian economies bounce back from the pandemic.
The People’s Republic of China has shown how buses can be used to dramatically increase the number of people vaccinated against COVID-19. The region should follow their example.
With the right policies in the sustainable finance market, Southeast Asian governments can add momentum to the region’s post-pandemic recovery and improve lives through the achievement of the Sustainable Development Goals.
To increase handwashing and address Asia and the Pacific’s hygiene and health challenges, new skills, creative thinking, and the use of behavioral change research are all needed.
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.