Archive | May, 2016
Finance sector development
Industry and trade
Economics
Economics
Fintech is the game-changer for financial inclusion in Asia
Due to innovations in financial technology and changes in the enabling environment, the number of financially excluded adults across Asia and the Pacific has dropped to about 1 billion. Increased access to affordable financial services can be a lever for Asians to smoothen consumption, manage risk and improve their lives through better savings options, access to credit, and cheaper payments or remittances.
Why is trade finance such a big deal for SMEs?
Small and medium-sized enterprise (SME) exporters have the potential to change the world. They are innovative, they are often young, and they are competitive. Yet globally, they can expect more than half (52%) of their proposals to finance trade transactions to be rejected by banks.
Global economic dynamics and Kazakhstan’s challenges in public financial management
As a highly globally integrated, resource-rich, upper-middle income country, Kazakhstan has been facing significant challenges in the current global environment. Kazakhstan’s major challenges include managing its public finances to preserve fiscal stability and generating broad-based economic growth.
Structural reforms to sustain Asia’s growth
Economic growth in both developing and advanced economies has slowed since the global financial crisis. Developing Asia’s growth also moderated after the crisis, to a large extent driven by the slowdown in the People’s Republic of China (PRC). The region’s economy expanded on average 7.6% annually during 2001–2010, but growth slowed to an annual average of 6.5% during 2011–2015. ADB is projecting further deceleration to 5.7% in each 2016 and 2017.
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