The onset of the COVID-19 pandemic in 2020-2021 has posed extraordinary challenges in accelerating efforts to attain the Sustainable Development Goals (SDGs) by 2030. Of particular concern is the rapid increase of public indebtedness in the region. The rapid escalation of indebtedness and the increased cost of servicing debt are highly problematic. Despite this negative outlook, recent developments in financial markets may allow developing countries in the region to access additional funding for the SDGs.
This expert group meeting has two main objectives:
- To peer-review draft chapters of two ESCAP publications that will be published in 2023, namely, Economic and Social Survey of Asia and the Pacific, with the theme of “rethinking public debt for achieving the SDGs” and Financing for Development Series No. 5, with the theme of “the rise of sustainable finance in Asia and the Pacific: how to move forward”.
- To engage with experts, policymakers and other stakeholders on the issues of public debt and sustainable finance in Asia and the Pacific.
The meeting started with an opening session with two keynote addresses, followed by a roundtable discussion on debt and sustainable finance. Session 1– 4 reviewed the preliminary findings in Economic and Social Survey of Asia and the Pacific 2023 and Session 5 – 7 discussed the policy messages in Financing for Development Series No.5. The meeting was conducted in English in a hybrid format with no simultaneous interpretation.
Participants included international experts on public debt and sustainable finance, officials from governments and central banks, financial regulators, think-tanks, academic institutions, non-governmental organizations, financial institutions, and UN and other international development partners.
For further information, please contact:
- For Economic and Social Survey of Asia and the Pacific 2023, Ms. Lin Zhuo, Economic Affairs Officer, Macroeconomic Policy and Analysis Section, Macroeconomic Policy and Financing for Development Division (MPFD); [email protected]
- For Financing for Development Series No. 5, Mr. Alberto Isgut, Economic Affairs Officer, Financing for Development Section, MPFD; [email protected]