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Expert Opinions & Stories
High prices of essential goods and services have become a pressing issue for the poor and vulnerable in Asia and the Pacific despite decent economic growth and declining inflationary trends so far in…
Economic prospects in Asia and the Pacific – celebrate resilience, prepare for headwinds
Economic performance in Asia and the Pacific has proved to be quite resilient to the shocks of the past few years – the COVID-19 pandemic, the ongoing wars in Ukraine and Gaza, and the cost-of-living…
Several Asia-Pacific countries are ageing fast. This transition is neither unique nor limited to the region - it is a global megatrend. However, this time it is different. Why? Because ageing…
Following persistent and determined efforts, Africa has achieved a breakthrough in advancing the establishment of an African credit rating agency (ACRA), with the proposed launch scheduled for…
When students from poor families in developing countries are offered places at prestigious universities, they are often faced with a tough choice. One option is to accept the offer and create more…
Bhutan is one of two countries globally that maintains a carbon-neutral status and is the only country in the Asia-Pacific region that can claim this title. However, as the country recovers from the…
While each Small Island Developing State (SIDS) has its own unique characteristics and circumstances, as remote island economies each share similar challenges and opportunities. They have limited…
ESCAP Public Debt Dashboard – a one-stop shop to learn about public debt in Asia and the Pacific
The Economic and Social Survey of Asia and the Pacific 2023 highlighted that 19 countries in the region are facing a high risk of debt distress.[1] While the public debt-to-GDP ratio is the most…
More and more developing countries in the Asia-Pacific region are struggling under mounting public debt, making it difficult for them to invest in sustainable development.
External debt servicing…
The unprecedented fiscal firepower used to protect the vulnerable from the harsh socio-economic impact of the COVID-19 pandemic and the resulting economic contraction have pushed the average…
The recent climate talks in Egypt have left us with a sobering reality: The window for maintaining global warming to 1.5 degrees is closing fast and what is on the table currently is insufficient to…
Secure and sustainable energy systems are a key driver of economic growth and social development. Together with technological innovations, which open new opportunities, the modern world faces…
The world is facing multiple overlapping challenges. The recovery from COVID-19 and the impacts of climate change along with the food, energy and cost of living crises are straining the economies of…
The Indonesia G20 Presidency has faced unprecedented challenges. The emergence of global geopolitical tensions from the start of 2022 have presented complexities in international relations and…
The recently released IPCC report ‘Climate Change 2022 Impacts, Adaptation and Vulnerability’ published in February 2022 makes it abundantly clear that we must accelerate efforts to decarbonize our…
The last two years have seen several significant disturbances to global energy markets. The COVID-19 pandemic and the resulting economic shutdowns at first depressed demand, leading to significant…
After two years of human devastation, the world is learning to live with COVID-19 while trying to balance the protection of public health and livelihoods.
For countries in Asia and the Pacific,…
Emerging from the shock of the COVID-19 pandemic, the global economy has been shaken yet again, this time by geopolitical events that threaten to set back the nascent post-COVID-19 economic recovery,…
The risk of public debt distress is considerably high in almost all Pacific small island developing States (PSIDS). The debt levels in most PSIDS were on a rising trajectory since early 2010s and are…
The Pacific Small Island Developing States (PSIDS) are among the most vulnerable countries in the world to the impacts of climate change. The World Risk Index 2021 ranks several Pacific Island…