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Expert Opinions & Stories
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…
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…
2022 started with an abnormally warm January for North and Central Asia, followed by civil unrest, and the lingering impacts of COVID-19. How the year ahead would look like is still fraught with…
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…
Countries in North and Central Asia are increasingly trying to make their energy sectors greener and more sustainable. With stagnating economic growth and climate change on the horizon, countries are…
We, not me: building a fairer future
Even as Asia and the Pacific continues to be the fastest growing region in the world, economic growth has been slowing since the 2008 global financial crisis. Add the COVID-19 pandemic to the mix,…
North and Central Asia is on track to achieve Sustainable Development Goal 7: affordable and clean energy, based on aggregated data for the whole subregion. However, general statistics may conceal…
Resilient economies are possible
Economic and non-economic shocks such as financial crises, natural disasters, and pandemics leave behind permanent scars in economies and societies and result in major setbacks to development gains…
The world is emerging from the biggest social and economic shock in living memory, but it will be a long time before the deep scars of the COVID-19 pandemic on human well-being fully heal.
In the…
In the first quarter of 2020, as news of lockdown measures in other parts of Asia and the Pacific rolled in, Kazakhstan was holding its breath and developing appropriate urgent measures in…
In the 2000s, the streets of Bishkek city in Kyrgyzstan were buzzing with private minibuses, ferrying people from Osh Bazaar to Ala Too Square …
The Pacific Island Developing State of Vanuatu has emerged as one of the region’s great success stories. Vanuatu has joined the ranks of Samoa and the Maldives as one of only six countries to…
Building a post-COVID-19 resilient economy
The COVID-19 pandemic is imposing economic and broader development challenges as never before. Job losses, reduced income and lack of access to social protection will push millions back into extreme…
Could you imagine a world where online chat platforms become the primary source of information for truckers on how to get across borders? This blog follows the Subregional SDG Forum hosted in…