Every year, millions of people cross borders to work abroad. People migrate for various reasons, but for the majority of migrant workers, they are compelled by poverty and lack of job opportunities in their home countries.
Public capital spending has been persistently weak in Nepal, and raising the amount and quality of capital expenditure required to close the infrastructure deficit is one of the country’s most pressing challenges.
The 7.8 magnitude earthquake that rocked Nepal on 25 April has imposed a huge human and economic toll on the country. Estimating the exact economic cost will be an ongoing process, but these are our initial thoughts.
Debt has ballooned in developing Asia following the 2008-2009 global financial crisis, supported by plentiful global liquidity. With the US Federal Reserve about to raise interest rates, data from the Asian Development Outlook 2015 gives a clearer picture about the possibility of a credit slowdown in the region.
Immediately after the devastating 25 April earthquake in Nepal, ADB made an initial assessment of how the catastrophe would affect the country’s economic growth. Here’s an update on the background, needs, and priorities following last week’s strong aftershock.
Inflation is expected to rise significantly after the recent earthquake in Nepal, which will also have an impact on the country’s external sector balance and fiscal balance. Check out our updated analysis.
What effects will the recent earthquake in Nepal have over the agriculture, industry, and services sectors? Here’s an update on our initial economic assessment from three weeks ago.
For the benefits of recent economic growth to become more widely distributed, Papua New Guinea needs further reforms to promote the development of its private sector.
Two months after the catastrophic 7.8 magnitude earthquake that struck Nepal on 25 April, the government and development partners including ADB are now publishing the definitive report on the tremor’s impact.
The total pledged amount exceeds the public sector recovery needs in the medium term, but a much higher sum will be required the long term to build back better with earthquake-resilient public infrastructure.