Decreased tax revenues and increases in public spending due to COVID-19 make it imperative for developing Asian countries to mobilize private capital for the vast investments needed to achieve the SDGs.
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.
COVID-19 has brought unprecedented economic and development challenges but it also offers opportunities for financing solutions to help achieve the Sustainable Development Goals.
Government assistance programs, and relaxed insolvency procedures, have helped keep businesses afloat during the pandemic.
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.