The pandemic provides an opportunity for regional financial cooperation on reforms to make Asian banks more resilient to crises.
Now is the time to ramp up actions on resilience so that society can beat the COVID-19 crisis while reducing the impact of climate threats.
With timely and well-targeted programs, policy makers can prevent the health crisis from deepening into a wider economic and financial crisis. This could sow the seeds of economic recovery.
These charts illustrate how Asian and global stock markets reacted to the COVID-19 pandemic, with market reaction closely following local outbreaks and then moving in unison with global markets amid other shocks.
The global response to COVID-19 should also be a springboard for action on climate change resilience so we can narrow the divide between rich and poor and keep everyone safe.
The pandemic is producing more household waste and increased amounts of dangerous medical waste. We need to manage these changes for our immediate safety and for the long-term welfare of our communities.
The pandemic reinforces the need for reliable energy services to support healthcare. Clean, renewable power is a good place to start.
The Asia-Pacific region has the expertise and resources to take a leadership role in not only developing a COVID-19 vaccine but distributing it to those who need it most.