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After a disappointing 2019, growth prospects in developing Asia have worsened under the impact of the current health crisis. Signs of incipient recovery near the turn of this year were quickly overthrown as COVID-19 broke out in January 2020 in the region's largest economy and subsequently expanded into a global pandemic. Disruption to regional and global supply chains, trade, and tourism, and the continued spread of the outbreak, leave the region...
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The health and well-being of Asians took a battering during the coronavirus disease (COVID-19) pandemic. Wellness, or the active pursuit of activities for holistic health, is vital for a sound mind and body. As such, now is an opportune time to take stock of the current state of wellness and the wellness economy in Asia. Asians are blessed with rich wellness traditions they can leverage in their quest for mental and physical health. This timely book...
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The Asian Development Bank conducted a Philippine enterprise survey during April and May 2020 to gauge the impact of the novel coronavirus disease (COVID-19) on the business community. This report provides a rich set of initial facts and ideas for the government to develop evidence-based policymaking to support the revival of Philippine enterprises hurt by the pandemic. It also provides survey-based information for current and future analytical use....
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This report provides key information about the 2020 financial operations of trust funds, global funds and special funds administered by the Asian Development Bank (ADB). It includes an assessment of how these trust funds helped ADB's developing member countries respond to the coronavirus disease (COVID-19) pandemic. The contribution made by the funds to the operational priorities of ADB's Strategy 2030 is also discussed.
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The Policy Actions for COVID-19 Economic Recovery (PACER) Dialogues was launched in June 2020 as the coronavirus disease (COVID-19) pandemic accelerated around the world. The PACER Dialogues share cutting-edge knowledge and best practices to help countries in Southeast Asia and the People's Republic of China strengthen cooperation to mitigate the devastating effects of COVID-19 and accelerate their economic recovery. This second compendium of nine...
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This publication offers a comprehensive regional-level analysis of Southeast Asia's fragile recovery from the coronavirus disease (COVID-19) that damaged some core economic drivers and sank millions into poverty. It gives a rundown of how eight Southeast Asian countries have dealt with the pandemic and are now beginning to recover. It looks at how countries have reshaped their economies to cope with the crisis and considers the impact of job losses...
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The importance of development that provides for equitable economic growth and the sustainable use of natural resources has become increasingly apparent during the coronavirus disease (COVID-19) pandemic. COVID-19 has emphasized the need for a renewed focus on achieving the 17 Sustainable Development Goals (SDGs) as the global blueprint to ending poverty, protecting our planet, and ensuring prosperity. This publication provides an overview of SDG bonds...
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Indonesia needs significant additional infrastructure investment to sustain its economic growth. However, the COVID-19 pandemic has further limited the fiscal space of the government. This report proposes a new method to increase infrastructure investment based on the concept of value capture. The report studies how Indonesia's existing policies and regulations can be used to build a value capture framework that ensures the maximization of the social,...
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The Private Sector Operations-Report on Development E¬ffectiveness series reviews the development effectiveness of private sector operations of the Asian Development Bank (ADB) and their contributions to Strategy 2030 and the Sustainable Development Goals. This 11th edition highlights ADB's Private Sector Operations Department's wide-ranging responses to the coronavirus disease (COVID-19) pandemic, as well as its focus on priorities laid out under...
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The recent coronavirus disease pandemic has exposed the nature of compound risk, which occurs when two or more shock events overlap, inducing additional pressure on social and physical vulnerabilities. This study explores the potential impacts of compounding risk between natural hazards and infectious disease outbreaks in the Central Asia Regional Economic Cooperation (CAREC) region through simulated compound risk scenarios for each CAREC country....
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Aid for trade has an important role to play in supporting Asia and the Pacific's recovery from the coronavirus disease (COVID-19) pandemic, especially for the region's lower-middle-income and least developed countries. Aid for trade can help by supporting forward-looking trade and digital policies that reduce vulnerability, strengthen resilience, and foster economic growth. This report looks at how aid for trade should be modernized so it reflects...
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The Central Asia Regional Economic Cooperation (CAREC) region was badly affected by the COVID-19 pandemic. Associated social and economic costs have placed infectious disease at the top of sovereign and corporate risk registers. Prearranged financing for shock events greatly enhances the cost-efficiency and effectiveness of response, but this was virtually nonexistent for infectious disease risk prior to the COVID-19 outbreak. This study provides...
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Unprecedented challenges from the coronavirus disease (COVID-19) pandemic have emphasized the need for Asia and the Pacific countries to work together to build back resiliently and sustainably. This report reflects on lessons learned from efforts to tackle the pandemic through regional cooperation and integration. It provides insights on how region-wide solidarity can be enhanced with the support of multilateral development banks in areas such as...
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Another year into the coronavirus disease (COVID-19) pandemic, the report describes an Asia and Pacific region that has more experience in tackling pandemic hardships, better data showing positive integration trends, and greater confidence in regional cooperation to address shared concerns. The publication gives an overview of changes in trade and global value chains, cross-border investment, financial integration, and the movement of people since...
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The water, sanitation, and hygiene (WASH) sector plays a key role in enabling a healthier population in the Pacific and in building countries' resilience to public health emergencies such as the coronavirus disease (COVID-19). This publication looks at the impact of the pandemic on the WASH sector in the 14 Pacific developing member countries of the Asian Development Bank (ADB). It proposes strategic directions to help ADB's technical assistance support...
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Remittances are considered a lifeline of developing countries and are especially vital for migrants and their families. Digital data technology can help alleviate many of the "pain-points" in the remittances industry. For example, it can significantly enhance the convenience, speed, security, and affordability of sending and receiving remittances. This report discusses the importance of remittances in Asia and the Pacific, the key challenges faced...
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The coronavirus disease (COVID-19) pandemic has highlighted the vital role of financial inclusion in supporting resilience and economic recovery among the most vulnerable populations in Asia and the Pacific. This publication identifies financial inclusion priorities to stimulate economic recovery and explores the challenges and opportunities of accelerated digital transformation. It proposes recommendations to aid policy makers and regulators. The...
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Social bond markets have grown rapidly in Asia and around the world amid the coronavirus disease (COVID-19) pandemic. Today, the global social bond market is, dominated by bonds that address pandemic-related social impact areas. To better, understand the potential contribution of social bonds in tackling developing Asia's most urgent social issues, this study reviews the status and recent trends of global and Asian social bond markets. It further...
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The coronavirus disease (COVID-19) pandemic is accelerating digital transformation across Asia and the Pacific. Digital platforms have become prominent intermediaries or marketplaces that allow the exchange of goods, services, and information. They are opening new transaction channels and ways of using resources while lowering service costs and enhancing market efficiency. This volume of background papers, prepared for the Asian Economic Integration...
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