COVID-19 and the Finance Sector in Asia and the Pacific PDF Download
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Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292693239
Category : Business & Economics
Languages : en
Pages : 118
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Book Description
This guidance note examines the effects of the coronavirus disease (COVID-19) on real economies, particularly financial sectors, and the measures taken to ease the impact. It notes risks to financial stability, such as an anticipated rise in nonperforming assets. It also reviews short-term actions that can mitigate pressures on people, small and medium-sized enterprises (SMEs), banking and capital markets, and insurance and pensions. Lastly, it provides medium-term policy considerations for resilience in the post- COVID-19 period. These include establishing a framework for epidemic risk financing, buttressing financial stability and macroprudential measures, developing insurance markets for risk sharing and transfer solutions, improving SME financing, and fostering digital transformation in the finance sector.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292693239
Category : Business & Economics
Languages : en
Pages : 118
Get Book
Book Description
This guidance note examines the effects of the coronavirus disease (COVID-19) on real economies, particularly financial sectors, and the measures taken to ease the impact. It notes risks to financial stability, such as an anticipated rise in nonperforming assets. It also reviews short-term actions that can mitigate pressures on people, small and medium-sized enterprises (SMEs), banking and capital markets, and insurance and pensions. Lastly, it provides medium-term policy considerations for resilience in the post- COVID-19 period. These include establishing a framework for epidemic risk financing, buttressing financial stability and macroprudential measures, developing insurance markets for risk sharing and transfer solutions, improving SME financing, and fostering digital transformation in the finance sector.
Author: Asian Development Bank
Publisher:
ISBN: 9789292693220
Category :
Languages : en
Pages : 82
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Book Description
This publication highlights short-term actions that can mitigate pressures and medium-term policy considerations for finance sector resilience in the post-COVID-19 period. The guidance note examines the effects of the coronavirus disease (COVID-19) on real economies and the measures taken to ease the impact. It notes risks to financial stability, such as an anticipated rise in nonperforming assets. Its recommendations include establishing a framework for epidemic risk financing, buttressing financial stability and macroprudential measures, developing insurance markets for risk sharing and transfer solutions, improving SME financing, and fostering digital transformation.
Author: Sumit Agarwal
Publisher: World Scientific
ISBN: 9811229392
Category : Business & Economics
Languages : en
Pages : 193
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Book Description
On March 12th 2020, World Health Organization (WHO) declared the spreading of the new virus, 2019-nCoV, a pandemic. In Asia, the virus, more commonly referred to as COVID-19, has been spreading since the end of December. To contain the public health threat, almost all countries enforced a variety of measures, including lockdowns, to minimize face-to-face human interactions between the infected and the susceptible.While these vigilant measures save lives, they also generate a substantial negative economic shock that immediately halts demand and significantly disrupts supply, global production value chain and trade. The consequences are dire — considerable decline in output, massive surge in unemployment, countless bankruptcy cases, and unrelentless worries over financial stability. The result, a worldwide economic setback, is more severe than that experienced during the Great Financial Crisis of 2008-2009.Asia's experiences with COVID-19 precede that in the West. This fortuitous timing allows Asia to share its learnings drawn from experiences to benefit the world.The Asian Bureau of Finance and Economic Research's (ABFER) community has gathered a collection of insights to inform the public. Besides providing access to research on the pandemic conducted in Asia, these commentaries offer comprehensive information on the effects of the pandemic, the effectiveness of measures employed to contain it and the subsequent economic impacts from such implementation. With granular analyses of government policies and their associated economic rescue packages, these commentaries elucidate the hard trade-offs between public health protection and economic security. Finally, the commentaries address the broader impact of the pandemic on international trade, global value chains and society.
Author: Changyong Rhee
Publisher: International Monetary Fund
ISBN: 1513566598
Category : Health & Fitness
Languages : en
Pages : 105
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Book Description
The Asia-Pacific region was the first to be hit by the COVID-19 pandemic; it put a strain on its people and economies, and policymaking became exceptionally difficult. This departmental paper contains the assessment of the key challenges facing Asia at this critical juncture and policy advice to the region both to address the current challenges and to build the foundations for a more sustainable and inclusive future. The paper focuses on (1) adjusting to the COVID-19 shock, (2) using unconventional policies when policy space is limited, (3) dealing with debt, and (4) helping the vulnerable and greening the recovery. The paper first presents the different ways countries are adjusting to the COVID-19 shock.
Author: Bambang Susantono
Publisher: Asian Development Bank
ISBN: 9292623567
Category : Medical
Languages : en
Pages : 324
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Book Description
Coronavirus disease (COVID-19) has unleashed unparalleled challenges. At the same time, it offers a window to rethink Asia’s most fundamental development policies and strategies to address inequality, socioeconomic vulnerability, and environmental challenges. This publication gathers blogs and short policy pieces contributed by ADB staff and experts in an attempt to tackle immediate challenges and prepare for what may lie beyond the horizon. It covers a broad range of development challenges and highlights the crucial role of rapid adoption of digital technologies, adequate supply of quality infrastructure, disaster risk management, and strengthening regional cooperation for a resilient and sustainable future by shaping post-pandemic conditions.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292691910
Category : Computers
Languages : en
Pages : 130
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Book Description
The coronavirus disease (COVID-19) pandemic has highlighted the vital role of financial inclusion in supporting resilience and economic recovery among the most vulnerable populations in Asia and the Pacific. This publication identifies financial inclusion priorities to stimulate economic recovery and explores the challenges and opportunities of accelerated digital transformation. It proposes recommendations to aid policy makers and regulators. The publication shares insights from the 2021 Asia-Pacific Financial Inclusion Forum, a policy initiative of the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Process. It was prepared in collaboration with the APEC Business Advisory Council, the Asian Development Bank Institute, and the Foundation for Development Cooperation.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292629492
Category : Technology & Engineering
Languages : en
Pages : 141
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Book Description
The coronavirus disease (COVID-19) pandemic has had a wide-ranging and substantial impact on the water sector in Asia and the Pacific. This guidance note focuses on how service providers—particular those involved in supply, sanitation, and wastewater treatment—have been affected and the response measures they have undertaken. It also identifies potential pathways to shape a post-pandemic recovery for the sector and the role of the Asian Development Bank (ADB) in supporting this. The guidance note is one of a series produced by ADB for key sectors and thematic areas.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292625861
Category : Health & Fitness
Languages : en
Pages : 74
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Book Description
The coronavirus disease (COVID-19) is significantly impacting the development and life cycle of public–private partnership (PPP) projects in Asia and the Pacific. This has led to disruptions in trade, production, and supply chains as well as sharp declines in consumption and investment. This guidance note examines the impacts of COVID-19 on PPP projects in region including the implications for contractual arrangements. It presents governance practices that will help mitigate the risks and outlines important considerations for governments in regard to managing PPP projects for a post-pandemic recovery.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292625837
Category : Health & Fitness
Languages : en
Pages : 102
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Book Description
The economic and social impacts of the coronavirus disease (COVID-19) have been dramatic, and transport has played a central role in its spread. The transport sector has also enabled essential workers to get to work during the pandemic and will support the needs of the population throughout the different stages of recovery. This guidance note presents (i) the impacts of the pandemic on social and travel behaviors in Asia and the Pacific, and how the transport sector is responding; and (ii) guiding principles and good practices in transport operations to support economic recovery.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292626388
Category : Health & Fitness
Languages : en
Pages : 63
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Book Description
The coronavirus disease (COVID-19) is causing an unprecedented global impact on cities across the world. This guidance note aims to support cities in developing member countries of the Asian Development Bank (ADB) to effectively and immediately respond to the crisis, and to “build back better” in the short and medium terms. It is anchored to the principles outlined in ADB’s Strategy 2030 Operational Plan for Priority 4: Making Cities More Livable and also considers the public health and economic impacts of the pandemic. The guidance note is one of a series produced by ADB for key sectors and thematic areas.
