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Higher Rates Remain a Risk for Emerging East Asia Borrowers

Governments and central banks in emerging East Asia need to stay vigilant to guard against potential financial risk associated with higher interest rates, according to an ADB report.

Photo: Asian Development Bank

Key Indicators for Asia and the Pacific 2023

The increased cost-of-living crisis sparked by surging inflation last year, combined with the lingering effects of the COVID-19 pandemic, is continuing to push people in Asia and the Pacific into extreme poverty.

An estimated 155.2 million people in developing Asia and the Pacific, or 3.9% of the region’s population, lived in extreme poverty as of last year. The number is 67.8 million greater than it would have been without the pandemic and the increased cost of living crisis.

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Data and Statistics   ADB's Data and Statistics

Data and statistical analysis in the Asia and Pacific region contributes to knowledge generation in ADB, helping strengthen its institutional priorities and operational effectiveness in its developing member countries.

Global Trade Finance Gap

The trade finance gap is the difference between requests and approvals for financing to support imports and exports. Rebounding strongly after the COVID-19 pandemic, global goods exports grew in 2021 and 2022 at 26.6% and 11.5%, respectively.

Demand for trade finance surged on the back of this sharp recovery but heightened economic risks made finance more difficult to secure than before, the survey indicates. Following a zero-growth rate during the last quarter of 2022, as of April 2023, global trade exports in value slowed year-to-date, showing a decline of around 3%.

  ADB Data Library

The ADB Data Library is the central store for all of ADB's public data. Browse data, view visualizations and interact with APIs.

  Key Indicators Database (KIDB)

KIDB is ADB's central statistical database for macroeconomic and social indicators from across Asia and the Pacific.

  AsianBondsOnline

AsianBondsOnline is a one-stop source of information on bond markets in emerging East Asia.

Featured Publications and Documents   ADB's Publications and Documents

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