ADBI and Asian Development Bank (ADB) researchers presented survey results on COVID-19’s impacts on developing Asia during a joint webinar on 16 September, part of the 53rd ADB Annual Meeting seminar series. ADBI Dean Tetsushi Sonobe discussed survey findings on the pandemic’s impacts on the region’s micro, small, and medium-sized enterprises (MSMEs), as well as rural households in Bangladesh. ADBI Vice Chair of Research Peter Morgan described survey findings on COVID-19’s impacts on households in Southeast Asia, while ADBI Financial Economist Naoko Nemoto assessed post-pandemic MSME policies. Their insights provided a guide for safety net development.
Regional tax officials and experts discussed tax challenges related to the digitalization of the economy during an OECD-ADB-ADBI virtual workshop on 23-25 September. Drawing upon policy analyses and experience-sharing, they identified ways to improve value-added tax (VAT) collection amid increasing digitalization. They noted the importance of simplified and efficient platforms for VAT collection, comprehensive local VAT legislation frameworks, and greater international administrative cooperation to fight VAT fraud. VAT measures were also proposed as short-term fiscal responses to COVID-19 impacts.
Experts examined the financial sector’s increasingly important role in addressing environmental, social, and governance challenges during an ADBI-Journal of Banking and Finance-Singapore Management University virtual conference on 16 September. ADBI Dean Tetsushi Sonobe described the transition toward a low-carbon economy, which he said requires a broad array of financial instruments and innovations as well as greater assessment of their climate mitigation impacts. Researchers went on to discuss the ethical and governance dimensions of green finance development to help identify policies that could drive sustainable growth in Asia and the Pacific.
Experts discussed ways to build the safety and well-being of Asia’s aging societies amid the COVID-19 pandemic during an ADBI-Center for Strategic and International Studies webinar on 16 September, in conjunction with the 53rd ADB Annual Meeting. Drawing upon country-level case studies, they emphasized the importance of advancing social and financial protection for the elderly as well as the role of innovative technology and education in fostering an inclusive care economy. Boosting COVID-19 mitigation and structural reforms that improve protections for aging societies would promote resilient and inclusive post-pandemic growth in the region, they added. See related infographic.
- Stepping up civil service reforms in Myanmar
- The impacts of COVID-19 on financial stability and regional financial safety nets in ASEAN
- Enhancing agriculture potential in developing countries during the COVID-19 crisis
- COVID-19 hitting migration and remittances hard in developing Asia
- How can trade liberalization boost women’s employment and well-being? An analysis of the Thai labor market
- Barefoot doctor 2.0: Making it happen
- Achieving a peaceful world: What can intellectuals do to make it happen?
Growing Central Bank Challenges in the World and Japan: Low Inflation, Monetary Policy, and Digital Currency
Central banks are facing a range of growing challenges that have arisen from recent trends in aging populations, low productivity, and new technology and innovation.
Environmental, Social, and Governance Investment: Opportunities and Risks for Asia
Interest in environmental, social, and governance (ESG) investment has been growing steadily around the world, and investors are increasingly integrating ESG factors into their investment decisions.
Building the Future of Quality Infrastructure
Infrastructure is crucial for fostering countries’ economic development and prosperity.
- Introducing ADBI E-Learning’s Course on Demographic Transition and its Impacts
- Introducing the Book Growing Central Bank Challenges in the World and Japan: Low Inflation, Monetary Policy, and Digital Currency
- Introducing the Book Environmental, Social, and Governance Investment: Opportunities and Risks for Asia
- Introducing ADBI E-Learning’s Course on Powering Green Investments
- ADBI-Bill & Melinda Gates Foundation Renew Sanitation Partnership
- ADBI Dean Sonobe on Enabling Asia’s COVID-19 Recovery
- How Asia can finally deliver sustainable sanitation for all
- As pandemic bonds hit the market, what can Asia do to ensure its green bond growth potential?
- Japan’s wastewater lessons in the face of shocks provide timely sanitation solutions for Asia
- The new and unexpected ways Mobility as a Service systems could affect Asia’s cities
- What more can be done to attract wary investors in Asian infrastructure?
- Could AI be the answer to Asia’s mounting education delivery challenges?