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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...
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This report explains how the quality of infrastructure investments in developing Asia can be enhanced and why this is vital for the region's sustainable recovery from the coronavirus disease (COVID-19) pandemic. It emphasizes the need to balance urgent demand for infrastructure financing with governance approaches that focus on boosting efficiency and integrating infrastructure systems. The report also explores, how the Asian Development Bank can...
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The Policy Actions for COVID-19 Economic Recovery (PACER) Dialogues were held from June to September 2020 as the coronavirus disease (COVID-19) pandemic accelerated around the world. They shared cutting-edge knowledge and best practices to help countries in Southeast Asia and the People's Republic of China strengthen cooperation to mitigate the devastating effects of COVID-19 and accelerate their economic recovery. This compendium of 13 policy briefs...
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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...
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This report shows why Southeast Asian countries need to consider tax reforms after many struggled to finance massive public expenditure programs to combat COVID-19. The second in a four-part series, the report considers the impact of COVID-19 on Cambodia, Indonesia, Myanmar, the Philippines, and Thailand to lay out steps policymakers can take to create healthier fiscal spaces. It illustrates challenges faced around informality, tax collection, compliance,...
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The novel coronavirus SARS-CoV-2, which causes the disease known as COVID-19, has infected people in 212 countries so far and on every continent except Antarctica.
Vast changes to our home lives, social interactions, government functioning and relations between countries have swept the world in a few months and are difficult to hold in one's mind at one time. That is why a collaborative effort such as this edited, multidisciplinary collection is...
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As Southeast Asia reels from the impacts of the coronavirus disease (COVID-19), domestic resource mobilization (DRM) has never been more challenging or more critical. Prior to the pandemic, many countries in the region were not achieving a tax yield of 15% of gross domestic product-the level considered to be the minimum for sustainable development. The pandemic has further reduced tax revenues and public expenditures are facing increasing pressure....
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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...
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This report provides an update on the local currency sustainable bond markets in the Association of Southeast Asian Nations and the People's Republic of China, Japan, and the Republic of Korea (ASEAN+3). Historically, green bonds have dominated the sustainable debt market in ASEAN+3, but the coronavirus disease (COVID-19) pandemic has spawned the next generation of social- and sustainability-labeled instruments to fund a broader range of environmental...
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This report explains why Southeast Asian countries need to design pandemic recovery policies that hit both ambitious socioeconomic and environmental goals. The third in a four-part series, the report considers the impact of COVID-19 on Cambodia, Indonesia, Myanmar, the Philippines, and Thailand to show how a green recovery can help safeguard against future health crises. Analyzing areas including agriculture, cities, and oceans, the report lays out...
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High and persistent levels of nonperforming loans (NPLs) have featured prominently in recent financial crises. This book traces NPL trends during and after crises, examines the economic impact of high NPLs, and compares the effectiveness of NPL resolution strategies across economies in Asia and Europe. The book distills important lessons from the experiences of economies using case studies and empirical investigation of ways to resolve NPLs. These...
12) Overcoming COVID-19 in Bhutan: Lessons from Coping with the Pandemic in a Tourism-Dependent Economy
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Bhutan has carried out early and decisive measures to contain the spread of the coronavirus disease (COVID-19), including restrictions on tourists since March 2020. This approach, though effective, severely affected the economy, bringing the tourism and aviation sectors to a virtual standstill. Given Bhutan's limited resources and capacity to cope with a full-blown outbreak, such a trade-off was inevitable. This policy brief assesses the Government...
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The Greater Mekong Subregion Economic Cooperation Program Strategic Framework 2030 (GMS-2030) aims to strengthen regional cooperation and integration in critical areas. GMS-2030 builds upon recognized strengths with a project-led approach that will benefit the community, support connectivity, and improve competitiveness. It also emphasizes the challenges of the coronavirus disease and aims to ensure that government strategies are conducive to a robust...
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This publication explores strategies, mechanisms, and innovations applied by the Republic of Korea, Thailand, and Viet Nam to combat the coronavirus disease (COVID-19) pandemic. The three case studies analyze pandemic-related challenges in the context of universal health coverage and identify good practices for emergency and crisis planning, management, coordination, and response. They also describe how the three countries mounted whole-of-government...
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The coronavirus disease (COVID-19) pandemic has devastated tourism in Asia and the Pacific, exposing the region's dependence on the sector. This publication examines the prepandemic tourism system, the impacts of COVID-19, and how tourism in the region might be reset to contribute more effectively to the Sustainable Development Goals. It highlights six pathways for promoting systemic change in the sector: a value-driven approach, decarbonization,...
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There was a time when the Republic of Korea (ROK) became the second highest in the world for the number of daily confirmed cases of the coronavirus disease (COVID-19). But the country was able to quickly suppress the surge and reduce the number of confirmed cases. This report discusses the key factors for the successful response of the ROK to COVID-19 during the early phase of the pandemic. It analyzes how the ROK has performed in terms of comprehensive...
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The Asia and Pacific region has seen tremendous economic and social progress since the 1960s. Yet, the region remains vulnerable to disaster risk that threatens its hard-won gains. Over the years, developing Asia has endured a growing number of disasters triggered by natural hazards. As a result, numerous lives, livelihoods, and communities have been damaged or lost. The coronavirus disease (COVID-19) pandemic is testament to the debilitating effects...
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Promoting regional cooperation in the health sector is an operational priority of the Central Asia Regional Economic Cooperation (CAREC) Strategy 2030. This scoping study assesses the potential of CAREC to promote regional cooperation and integration in the health sector to mitigate risks and develop national health systems. The study specifically reviews the burden of communicable and noncommunicable diseases and their risk factors, along with the...
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This report examines the impacts of the coronavirus disease (COVID-19) pandemic on labor markets in Indonesia, Malaysia, the Philippines, Thailand, and Viet Nam. Labor markets in Southeast Asia were particularly hit hard in 2020, when government containment measures were most severe. COVID-19 has exacerbated growing inequalities in the region-hurting not just low-skilled workers but also middle-skilled workers whose jobs were already at risk from...
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This report identifies well-established sectors needing transformation or improvement (tourism, agro-processing, and garments), along with evolving sectors with high potential for growth (electronics and digital trade) as Southeast Asian countries hammer out policies to boost post-COVID-19 recovery and secure a greener future. The first in a four-part series, the report looks at the pandemic's impact on these five sectors across Cambodia, Indonesia,...
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