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.
If we hope to regain progress on the Sustainable Development Goals—and improve people’s lives— we must improve water service delivery in ways that help countries better manage future crises and improve equitable access to water.
To cope with the pandemic, Asia’s poor are missing meals and selling their assets. Governments need to target policies toward the most vulnerable in order to stave off long-term damaging impacts.
The pandemic has worsened inequality on many fronts. Pro-active macroeconomic policy combined with labor retraining programs and increased social protection are needed.
Countries with better information and communication technology, particularly internet access, were able to do more activities online during the pandemic, which cushioned the adverse effect of COVID-19 on economic activity.
As the Delta variant rips across Asia, countries must double down on established best practices and accelerate vaccination programs wherever possible.
As new virus outbreaks emerge in developing countries in Asia, vaccines are changing the nature of the pandemic by rendering COVID-19 a much less deadly disease. Governments are responding with milder containment measures.
As the pandemic continues to affect global trade, governments need to take measures now to be better prepared for future disruptions.