ADBI experts helped assess the potential of financial technology, or fintech, to enhance financial inclusion and financial literacy during the 3rd Asia Finance Forum at Asian Development Bank Headquarters in Manila on 6 November. Speaking as panelists at the forum, ADBI Dean Naoyuki Yoshino described the prospects for harnessing fintech to improve the credit scoring of the region’s small and medium-sized enterprises while ADBI Vice Chair of Research Peter Morgan examined financial literacy risks and opportunities in the fast-changing digital environment.
ADBI and the Government of Thailand co-organized the First Summit of Women CEOs in ASEAN on 30-31 October in Bangkok. Opened by HRH Princess Bajrakitiyabha Narendiradebyavati Kromluangrajasarinisiribajra Mahavajrarajadhit, the Summit addressed the theme Globalization 4.0 and Beyond – Shaping the Future of Women Enterprises and featured remarks from ADBI Dean Naoyuki Yoshino on facilitating women-led business growth amid rapid digital development.
ADBI Dean Naoyuki Yoshino shared insights on increasing startup funding with Thailand Prime Minister Prayut Chan-o-cha and business leaders at the Summit of Women CEOs in ASEAN on 31 October in Bangkok. Dean Yoshino told Prime Minster Prayut during his visit to ADBI’s exhibition area that hometown investment trust funds can channel local investment into women businesses, enabled by digitalization. The Dean and experts from the International Labor Organization, Malaysia’s Ministry of Entrepreneurship, and UPS also assessed public-private partnership support for women-led firms.
ADBI Dean Naoyuki Yoshino led a discussion on boosting private sector financing for water supply and inland water transport infrastructure at a seminar in Bangkok on 30 October, co-organized by ADBI, ADB’s Thailand Resident Mission, and the Mekong Institute. Dean Yoshino explained that “spillover” tax revenue linked to the development effects of infrastructure growth could be used by governments to raise rates of return needed to encourage private investment in new projects. Regional officials and experts shared their related views and experiences, including keynote remarks on Thailand's East Economic Corridor from its Executive Director Dr Cholachit Vorawongso Virakul.
Policy imperatives for strengthening Asian food security were explored at a recent ADBI-Korea Rural Economic Institute forum in Seoul, Republic of Korea, which featured participants from the Asian Development Bank, Developing Member Countries, and the United States Department of Agriculture. The focus was on exchanging experiences and best practices for optimizing food supply chains and adaptive agriculture. ADBI Deputy Dean Chul Ju Kim stressed the importance of addressing changing demand and delivery challenges to ensure safe, nutritious, and accessible food and advance sustainable development across the region.
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