The historic spirit of cross-border trade in Central Asia is being revived in the energy sector.
A forward-looking, regional approach is needed for countries in Central Asia to respond to the pandemic and prepare for future public health threats.
The pandemic provides an opportunity for regional financial cooperation on reforms to make Asian banks more resilient to crises.
The production processes and supply chains that feed into the production of masks, gloves and other personal protective equipment must be secured.
Bank-held nonperforming loans in some Asian economies have risen in recent years. Policy makers should address this growing risk now.
The Asia Pacific region is standing together to cooperate regionally to address the transnational threat posed by the COVID-19 pandemic.
Asia’s economies have generally maintained sound macroeconomic policies that can help the region withstand this latest challenge and emerge even stronger.
A rules-based approach to monetary policy needs to be part of any discussion involving central bank policy.
To offset the declining benefits of manufacturing, governments must increase the productivity of the services sector. This will boost growth and offer employment opportunities.
Past financial crises have demonstrated how adequate financial safety net arrangements—globally, regionally, and nationally—are vital to safeguarding financial stability.