Asian countries should implement reforms now, while their debt is sustainable, in order to head off a debt crisis.
Benno holds a PhD in Economics from the University of London and has more than two decades of experience in research, one of which with the ADB, mainly in the areas of public finance and international trade.
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Small Pacific economies are particularly vulnerable to the impacts of disasters on economic growth. Special support systems need to be in place to help them respond.
From past experience we know how quickly the bursting of a privately leveraged boom cycle ends up weighing on national budgets and public debt.