Past financial crises have demonstrated how adequate financial safety net arrangements—globally, regionally, and nationally—are vital to safeguarding financial stability.
Cyn-Young Park (朴信永)
Ms. Park manages a team of economists to examine policy issues related to developing strategies and approaches to support regional cooperation and integration; and produce the Asian Economic Integration Report. She has been a main author and contributor to ADB’s major publications including, the flagship Asian Development Outlook, Asia Capital Markets Monitor, Asia Economic Monitor, Asia Bond Monitor, and ADB Country Diagnostic Study Series. Ms. Park has also participated in various global and regional forums, and has written and lectured extensively about the Asian economy and financial markets. Prior to joining ADB, she was an economist with the OECD.
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Asia’s economies have generally maintained sound macroeconomic policies that can help the region withstand this latest challenge and emerge even stronger.
The production processes and supply chains that feed into the production of masks, gloves and other personal protective equipment must be secured.
The pandemic provides an opportunity for regional financial cooperation on reforms to make Asian banks more resilient to crises.
The COVID-19 crisis should be used as an opportunity for developing economies to implement reforms that help ensure food security
Ensuring equitable access to vaccines is crucial for developing countries in Asia to reopen their economies and recover. Well-designed policies will speed the rebound of Asian economies and have impacts that span the globe.