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Experts discuss how to strengthen fiscal management in Asia at Tokyo Fiscal Forum
Held by the International Monetary Fund (IMF) and the Policy Research Institute of Japan’s Ministry of Foreign Affairs on 4–5 June, this year’s Tokyo Fiscal Forum focused on strengthening fiscal management in Asia. ADBI Dean Naoyuki Yoshino gave a keynote address, as did Mitsuhiro Furusawa, deputy managing director of the IMF. Dean Yoshino highlighted the impact of aging populations on fiscal management. Discussions explored frameworks for investment, and the incorporation of digital innovation in revenues and spending programs.
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ADBI and African Development Bank say countries need better infrastructure, finance, and education
ADBI and the African Development Bank organized the Africa Day side event, Sharing the Development Experiences of Africa and Asia for Sustainable and Inclusive Growth, on 25 May in Busan, Republic of Korea. Keynote speaker ADBI Dean Naoyuki Yoshino emphasized the importance of infrastructure, finance, and education in Asian development, and said Asia’s experience could provide valuable lessons for African countries. During the panel discussion, chaired by ADBI Deputy Dean Chul Ju Kim, experts from the People’s Republic of China, India, the Republic of Korea, Japan, and Nigeria shared their own country’s development experiences and affirmed the need for deeper cooperation between Asia and Africa. Byong Yol Woo, director general of the Fiscal Performance Management Division of the Republic of Korea’s Ministry of Strategy and Finance, and Takashi Miyahara, deputy director general of the International Bureau of Japan’s Ministry of Finance, gave the opening remarks.
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Cambridge Centre for Alternative Finance, ADB Institute, and Zhejiang University’s Academy of Internet Finance launch 3rd Asia-Pacific Region Alternative Finance Industry Survey
The initiative aims to capture key trends, including the development, size, transaction volume, and growth of alternative finance, including crowdfunding, peer-to-peer (marketplace) lending, reward-based, and other new forms of finance outside the traditional financial system across Asia and the Pacific. Survey results will be published later this year in the 3rd Asia-Pacific Region Alternative Finance Industry Report and made freely available to help inform policy makers and regulators. The survey will run from 29 May to 6 July 2018. Click here to see the survey link and here to view last year’s report.
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ADBI joins the Council for Global Problem-Solving
ADBI officially joined the Council for Global Problem-Solving (CGP) on 9 May. CGP is a circle of world-class think tanks and research institutions committed to providing long-term policy advice to the Group of Twenty (G20). Among the CGP’s members are The Brookings Institution, Bruegel, CSIS, and OECD. CGP also supports the work of the T20, a network of international think tanks for the G20, on a long-term basis. ADBI will lead the T20 during Japan’s G20 presidency in 2019.
Asia Pathways Blog
- High-speed rail investment: A butterfly effect for urban chaos
- Volatility linkages between energy and food prices
- Dismissal laws, innovation, and economic growth
- Is Indonesia’s subsidized rice program benefitting its children?
- Young Small and Medium-Sized Enterprises and Bank Credit Denials: Evidence from Europe
Events
- Services-Led Development: Prospects and Policies
- ADBI-ADB-CI Inception Workshop: Leveraging SME Finance through Value Chains in the CAREC Landlocked Economies
- The 2018 OECD Economic Survey of the Republic of Korea
- Capacity Building in Green Infrastructure and Housing for Poverty Reduction in the Pacific Region
- Economic Corridor Development for Competitive and Inclusive Asia Training
Books
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Mission Incomplete: Reflating Japan's Economy (second edition)
In April 2013 the Bank of Japan launched an unprecedented quantitative and qualitative monetary easing policy. It was thought that a 2% price stability target could be achieved within 2 years; 4 years on and we are still mission incomplete.
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Global Shocks and the New Global and Regional Financial Architecture: Asian Perspectives
This book addresses how Asia’s regional financial architecture can be strengthened and meshed with those of the International Monetary Fund and the Financial Stability Board to effectively deal with economic and financial shocks.
Latest
Georgia is outperforming developing Eastern European and Central Asian countries in terms of access to finance but is very much behind in terms of usage of financial products and technologies.
Financial Inclusion, Financial Literacy, and Financial Education in Georgia
Firms in the North remain unaccountable for the environmental costs of outsourcing; tight environmental regulations and international cooperation are needed to improve environmental conditions in outsourcing sites in the South.
International Outsourcing, Environmental Costs, and Welfare
Tajikistan has a long way to go to for its population to achieve sufficient understanding of different financial products.
Financial Inclusion, Regulation, Financial Literacy, and Financial Education in Tajikistan
Dismissal laws—laws that impose hurdles on firing of employees—spur innovation and thereby economic growth.
Dismissal Laws, Innovation, and Economic Growth
In April 2013 the Bank of Japan launched an unprecedented quantitative and qualitative monetary easing policy. It was thought that a 2% price stability target could be achieved within 2 years; 4 years on and we are still mission incomplete. Mission Incomplete: Reflating Japan's Economy (second edition)
This book addresses how Asia’s regional financial architecture can be strengthened and meshed with those of the International Monetary Fund and the Financial Stability Board to effectively deal with economic and financial shocks. Global Shocks and the New Global and Regional Financial Architecture: Asian Perspectives
Podcast
- Better indicators are needed to track the well-being of elderly in developing countries
- Intangible capital of technology and know-how matters more for profit than production
- Financial technology will help lower remittance costs for Asia
- World oil prices have multiple effects on an energy-exporting economy
