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.
We’ll need innovative solutions and new ways of thinking to bridge the financing gap and achieve the Sustainable Development Goals after the pandemic. SDG Accelerator Bonds could be a good start.
Just as past crises triggered international and regional financial cooperation, the pandemic offers an opportunity to collectively improve financial resilience and soundness.
Government assistance programs, and relaxed insolvency procedures, have helped keep businesses afloat during the pandemic.
The COVID-19 pandemic has created opportunities for a fairer, more robust and more efficient tax revenue and spending system.
Paper-based trade is a drag on the efficiency of the global trading system. Digitization will make trade and supply chains more robust, and the world more secure.
Developing economies in Asia have for years relied on partnerships with the private sector to pay for infrastructure projects. That could be in jeopardy during the pandemic.
To respond to the challenges of the pandemic and deliver services effectively, a professional civil service needs to build the values, culture and skills required to respond to complex demands and challenges.