The COVID-19 pandemic has increased the importance of ensuring that the poorest and most vulnerable people have access to formal financial services, given their role in supporting inclusive economic recovery and resilience.
Measuring purchasing power is an effective way to track economic recovery after the pandemic, estimate the real sizes of economies, and gauge poverty.
Without the right policies and programs, Asia’s poorest people could suffer needlessly as economies bounce back after the pandemic.
Innovative, new methods are needed to estimate poverty due to the high costs and long time frame of traditional methods.
Four elements of the poverty reduction strategy of the People’s Republic of China stand out as examples for others to follow.
Sir Fazle Hasan Abed dedicated his life to social development, establishing practices that will continue to help the poor for decades to come.
Asia and the Pacific is not where it needs to be to meet the Sustainable Development Goals but there remains a decade to make up for lost time.