ADBI-ADB Webinar on COVID-19 Impacts on Asian MSMEs and Households (53rd ADB Annual Meeting Seminar Series)

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Time of event

10:00–13:00 Tokyo time

Summary

The COVID-19 outbreak and resulting uncertainty and policy interventions such as lockdowns, social distancing, and travel restrictions continue to severely disrupt Asian economies. Micro, small, and medium-sized enterprises (MSMEs) that account for the majority of economic activity and employment in many countries in the region, together with households, are bearing the brunt of the pandemic’s negative effects.

This ADBI-Asian Development Bank (ADB) webinar assessed COVID-19’s impacts on SMEs and households in developing Asia, in conjunction with the 53rd ADB Annual Meeting. The proceedings featured the findings of new research surveys on the current situation among MSMEs, households, farms, and the tourism sector in the region, providing a guide for improving pandemic mitigation.

Objectives

• Highlight research by ADBI and ADB on the impacts of COVID-19 on MSMEs, households, farms, and tourism, as well as policies to address them
• Build the capacity of ADB developing member countries mitigate the pandemic’s negative socioeconomic effects

Participants

• Government officials from ADB developing member countries and policy researchers

Output

• Improved understanding of COVID-19’s impacts on SMEs, households, farms, and tourism in developing Asia
• Enhanced environment for the formulation of evidence-based pandemic mitigation policies
• Impetus for greater dialogue and collaboration between government officials and policy researchers to address COVID-19’s effects

Partner

Asian Development Bank

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