Time of Event

12:00-14:00 Tokyo time

Summary

For nearly two years, governments have provided fiscal support to safeguard firms, households, and vulnerable populations from the effects of the COVID-19 pandemic. Now, many countries face a difficult trade-off between protecting livelihoods and rebuilding fiscal buffers to reduce their economic vulnerability.

Cohosted by ADBI, the Japan Finance Ministry’s Policy Research Institute, and International Monetary Fund, the Tokyo Fiscal Forum Seminar examined post-COVID-19 fiscal policy development and the role digital technologies can play in ensuring fiscal sustainability in Asia.  It focused on ways to strengthen the credibility of public finances and the digitalization of fiscal management.

Objectives
  • Explore post-COVID-19 fiscal policy options for boosting the credibility of public finances and the Sustainable Development Goals
  • Discuss the use and effectiveness of digital technology as a fiscal management tool
  • Highlight fiscal policy experiences, best practices, the way forward in Asia after COVID-19
Participants

Senior government officials from Asian Development Bank member economies and experts from think tanks, universities, and international organizations

Output
  • Strengthened capacity of government officials to fiscally respond to COVID-19 economic impacts
  • Enhanced dialogue among government officials and experts on boosting economic recovery and sound public finances
  • Presentations delivered during the conference will be made available on the ADBI website
Partners
  • Policy Research Institute, Ministry of Finance, Japan
  • International Monetary Fund
Seminar Presentations

Opening Presentation: Macro-Fiscal Challenges in Asia-An Overview
Presenter: Odd Per Brekk, Deputy Director, Asia and Pacific Department, IMF

Slide

Session 1. Presentation 1: “Strengthening the Credibility of Public Finances”
Presenter: Paolo Mauro, Deputy Director, Fiscal Affairs Department, IMF

Slide

Session 1. Presentation 2: “Fiscal Risks and Resilient Fiscal Frameworks in Asia”
Presenter: John Beirne, Research Fellow, ADBI

Slide

Session 2. Presentation 1: “Digitalization of Government Operations and Policies (GovTech)”
Presenter: Ruud De Mooij, Assistant Director, Fiscal Affairs Department, IMF

Slide

Session 2. Presentation 2: “PFM Reforms Through Digitalization in India”
Presenter: Dharitri Panda, Additional Controller General of Accounts, Ministry of Finance, India

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Session 2. Presentation 3: “KPFIS Response to COVID-19: Lessons from dBrain Operational Resiliency during Pandemic”
Presenter: Sangwook Nam, Senior Manager, Korea Public Finance Information Service, Ministry of Economy and Finance of Republic of Korea

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*Disclaimer: The views expressed in these presentations are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in these presentations and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.

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