COVID-19 has hit the entire globe at once, slowing investment in resilient infrastructure that will improve lives over the long term. Effective governance is critical to ensure infrastructure projects are well planned, funded, and implemented.
Bruno Carrasco leads ADB-wide knowledge, innovation, policies and strategies in all thematic and sector operation areas and ensures compliance with environment and social safeguards policies. He oversees the administration of trust funds and global funding initiatives and provides advice to Management on strategic and policy matters, work plans, and major operational matters. He joined ADB 23 years ago and has served in countries across all its regional departments. He holds a doctorate degree in economics from the University of Essex.
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To respond to the challenges of the pandemic and deliver services effectively, a professional civil service needs to build the values, culture and skills required to respond to complex demands and challenges.
An analysis of data from popular transit applications indicates that there is a relationship between increased mobility and COVID-19 cases, but more information is needed to make a definitive link.
Researchers are finding new uses for artificial intelligence and machine learning during the pandemic, but they are not a silver bullet.
As Asia and the Pacific comes out of the crisis with significantly larger public debts, their infrastructure investments will need to be efficient, affordable, and sustainable.
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.
The delivery of services – such as clean water, reliable public transport, schools and hospitals – through economic and social infrastructure is among the most important functions of government. Resources must be well spent to ensure quality.
It's time for Sri Lankan banks to do more to support SMEs and infrastructure development.