The pandemic represents a severe challenge for policymakers in Asia. They need a response that will help economies achieve a more efficient and fairer allocation of resources in the economy, enhancing productivity, economic growth and employment.
The tradeoff between lost lives during the pandemic and lost livelihoods is often viewed as an all-or-nothing choice between complete lockdown versus zero restrictions. In reality, a balance can be struck.
Recent successful vaccine trials have raised hopes of an end to the COVID-19 pandemic, which has upended so many lives.
The pandemic has underscored the importance of trade facilitation within South Asia and with the region’s neighbors.
The pandemic is putting pressure on small enterprises, which are disproportionately owned or controlled by men. The right policies could help close the gender gap.
Indonesia’s provincial, municipal and other local governments are finding innovative digital solutions to map COVID-19 and make the information available to the public.
At the local level, public services have gone digital in Indonesia as the pandemic forces government offices to restrict access to them.
By working together with countries to make sound socioeconomic development strategies, multilateral financial institutions can contribute substantially to the fight against the pandemic.
Without the right policies and programs, Asia’s poorest people could suffer needlessly as economies bounce back after the pandemic.