Decreased tax revenues and increases in public spending due to COVID-19 make it imperative for developing Asian countries to mobilize private capital for the vast investments needed to achieve the SDGs.
Mai Lin C. Villaruel
Mai Lin is a part of the team that produces the ADB publications Asian Development Outlook and Asia Bond Monitor, and handles economic monitoring and forecasting of selected developing Asian economies. Mai Lin previously worked in national accounts at the National Statistical Coordination Board of the Philippines, now, Philippine Statistics Authority.
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There is evidence of a positive link between sustainable behavior and financial return which will likely drive the continued growth of green and social finance.
Evidence shows that green and social finance are associated with positive environmental and social outcomes and can contribute to a more sustainable world.
Major news events, as well as monetary policy uncertainties in the United States, have a significant impact on Asian currencies, but not in the way that some might expect.