Archive for the 'Asia' Category
Creating the conditions for good jobs and, more importantly, social protection programs for those unable to find decent work is an urgent priority for governments in Asia and the Pacific, Asian Development Bank (ADB) Vice President Ursula Schaefer-Preuss told a conference in Ha Noi, Viet Nam. Speaking at the conclusion of a three-day conference titled [...]
Asia and Pacific countries continue to make broad progress in reducing extreme poverty but hunger still remains widespread and many economies are struggling to meet other Millennium Development Goals, including reductions in maternal mortality rates and access to sanitation, latest available data show. Source: ADB http://www.adb.org/article.asp?id=12968
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Developing countries are severely hit by the global economic crisis. The leaders of the world’s 20 biggest economies, recognising that the global financial crisis has ‘a disproportionate impact’ on vulnerable people in poor countries, have promised to make hundreds of billions of United States dollars available to these countries as part of a $1.1 trillion [...]
Developing Asia’s economic growth will slow in 2009 to its most sluggish pace since the 1997/1998 Asian financial crisis, the Asian Development Bank (ADB) says in a new major report. The Asian Development Outlook 2009 forecasts economic growth in developing Asia will slide to just 3.4% in 2009, down from 6.3% last year and 9.5% [...]
In most past financial crises – like those of the 1990s in Asia, Mexico, and Russia – financial services for poor people have been remarkably resilient. In fact, the quality of the loan portfolios of microfinance institutions (MFIs) during the Asian crisis and in Latin America during various banking crises barely quivered, while corporate portfolios [...]
The global economic crisis should be viewed by Asia’s policymakers as an opportunity to expand investment in ”desperately” needed public goods, economist Jeffrey Sachs told an ADB audience.
In a lecture titled ”Achieving Global Cooperation on Economic Recovery and Long-Term Sustainable Development”, Prof. Sachs said that with the drop in external demand for Asian exports, the [...]
