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Fight for survival: Indonesia’s hard-hit small informal firms struggle to outlast the pandemic
A critical challenge in achieving inclusive growth is to formalize informal firms and non-contract-based employees.
Measuring the impacts of COVID-19 in Central Asia
The COVID-19 outbreak has had wide-ranging impacts on the economies of Central Asia, with uncertainty and protective policy measures contributing to falling demand and supply.
Supporting blue skies through green development loans
Close collaboration, innovative project design, and technical and management capacity building have supported green development and air quality improvement by the People’s Republic of China (PRC) and the Asian Development Bank (ADB).
Central banks lead the way on green monetary policy
Central banks are becoming increasingly aware of the importance of considering climate change risks, such as physical and transition risks, and some have already launched monetary policy initiatives within the mandate of price stability.
Harnessing digitalization on the path to sustainable economic development in Asia
Digitalization is helping to transform economies by enhancing economy-wide competitiveness and productivity, with trade being an important channel. The use of big data and the emergence of online platforms have further bolstered the progression of the digital economy, particularly in Asia.
Levelling up innovation in Asia
Innovation is playing a vital role in the economic, social, and environmental progress of Asia and the Pacific and has been an important factor in the region's rapid and successful transformation. However, many countries in the region lag behind, innovating at a fraction of the pace as countries in similar or even lower income groups.
Carbon pricing’s potential to reduce emissions in Australia offers lessons for Asia
The COP26 summit in Glasgow in November 2021 brought the global community together to accelerate action toward meeting the goals of the Paris Agreement and the United Nations Framework Convention on Climate Change (UNFCCC). However, achieving these goals will not be possible without effective carbon pricing.
Balancing the Spillover Effects of High-Speed Rail Infrastructure Investment in Asia
Comprehensive infrastructure projects have proven to be efficient in reducing poverty, community burdens, and production costs and raising competitiveness within and between regions. However, investment in specific forms of infrastructure can help balance the trade-offs between huge infrastructure demand and scarce financial resources, especially in developing countries.
After COP26, developing Asia’s challenge is meeting ambitious climate commitments
Developing Asian countries, such as Indonesia, Kazakhstan, Thailand, and Viet Nam, have announced their net-zero carbon emission targets by mid-century at the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, and financing climate change mitigation has been at the forefront of discussions for making ambitious climate action a reality.
Infrastructure investment key to unlocking emerging Asia-Europe trade corridor
Spanning from the People’s Republic of China through Central Asian countries along the Caspian Sea to Europe, the Trans-Caspian Corridor is an increasingly important channel for transportation and cross-border trade. Considerable financing gaps and other challenges must be addressed to meet its rapidly expanding infrastructure needs.
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