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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…
Cities are key players in combatting climate change and its effects. They are responsible for 70 per cent of global greenhouse gas emissions and consume 80 per cent of global energy. Thus, without…
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,…
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…
Green recovery policies are still possible
In theory, the pandemic created an opportunity for policymakers to recalibrate existing policies and develop new, innovative strategies to mobilize financial resources and drive a green, inclusive,…
Enhancing poverty measurement through big data
Ending poverty in all its forms is the first of the 17 Sustainable Development Goals (SDGs). While significant progress to reduce poverty had been made at the global and regional levels by 2019, the…
As the world enters its second year of living with the COVID-19 pandemic, the focus has shifted from containing the spread of the disease towards recovering from socio-economic disruptions. COVID-19…
Last month, the world marked the first anniversary since the World Health Organization (WHO) declared the COVID-19 virus as a pandemic. Throughout the year, we witnessed how a virus can bring forth a…
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…
In many places around the world, schools are left with deserted classrooms, quiet hallways and empty playgrounds. COVID-19 has forced students and teachers to rapidly adapt to extended school…
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…
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…
The United Nations has tasked the Canadian Institutes of Health Research Institute of Population and Public Health (CIHR-IPPH) to lead the research roadmap to identify priorities that will support an…
Financing economic recovery
As the socio-economic impacts of the COVID-19 pandemic spread across the length and breadth of Asia and the Pacific, finance ministries are continuing their relentless efforts to inject trillions of…
After decades of impressive growth, for the first time, Southeast Asia is experiencing a drop in measured human development. The economic fallout from the COVID-19 pandemic will likely take months…