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.
After years of smooth sailing through calm market conditions, bond markets in East Asia are navigating through stormier weather. ADB data released this week shows that weaker growth in the US and the PRC has weighed down overall regional growth.
The Chinese economy is slowing down, and this is likely going to have a noticeable effect on the world economy and especially globally integrated economies in developing Asia. An analysis by ADB Chief Economist Shang-Jin Wei.
The catastrophic April earthquake has added a new challenge to Nepal’s short-to-medium term economic and development prospects, currently threatened by political tension over the new constitution.
Declining productivity growth is one of the most disturbing and, no doubt, important phenomena affecting the world economy. The question is what lies behind it, and whether it might be reversed.
Asian countries threatened by natural hazards can learn from Mexico’s experience with its disaster fund and risk management strategy, including multi-catastrophe bonds.
The economic cost is, of course far, far from the only reason to deal with violence against women. But address it we must.
If Malaysia truly wants to reach high-income countries, it must first arrest and then reverse its structural regression, and improve the business environment to revive private investment in manufacturing.
Asian developing countries need a systemic and thorough analysis of productivity drivers, with a roadmap for MDBs to coordinate development priorities and strategies.