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Close collaboration, innovative project design, and technical and management capacity building have supported green development and air quality improvement by the People’s Republic of China (PRC) and the Asian Development Bank (ADB).
By Sayuri Shirai. Posted February 3, 2022
Central banks are becoming increasingly aware of the importance of considering climate change risks, such as physical and transition risks, and some have already launched monetary policy initiatives within the mandate of price stability.
By John Beirne. Posted January 27, 2022
Digitalization is helping to transform economies by enhancing economy-wide competitiveness and productivity, with trade being an important channel. The use of big data and the emergence of online platforms have further bolstered the progression of the digital economy, particularly in Asia.
By Linda Arthur. Posted December 30, 2021
Innovation is playing a vital role in the economic, social, and environmental progress of Asia and the Pacific and has been an important factor in the region's rapid and successful transformation. However, many countries in the region lag behind, innovating at a fraction of the pace as countries in similar or even lower income groups.
By Rabindra Nepal. Posted December 1, 2021
The COP26 summit in Glasgow in November 2021 brought the global community together to accelerate action toward meeting the goals of the Paris Agreement and the United Nations Framework Convention on Climate Change (UNFCCC). However, achieving these goals will not be possible without effective carbon pricing.
Comprehensive infrastructure projects have proven to be efficient in reducing poverty, community burdens, and production costs and raising competitiveness within and between regions. However, investment in specific forms of infrastructure can help balance the trade-offs between huge infrastructure demand and scarce financial resources, especially in developing countries.
By Dina Azhgaliyeva. Posted November 12, 2021
Developing Asian countries, such as Indonesia, Kazakhstan, Thailand, and Viet Nam, have announced their net-zero carbon emission targets by mid-century at the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, and financing climate change mitigation has been at the forefront of discussions for making ambitious climate action a reality.
Spanning from the People’s Republic of China through Central Asian countries along the Caspian Sea to Europe, the Trans-Caspian Corridor is an increasingly important channel for transportation and cross-border trade. Considerable financing gaps and other challenges must be addressed to meet its rapidly expanding infrastructure needs.
By John Beirne. Posted October 27, 2021
The economic impact of the coronavirus disease (COVID-19) pandemic in Asia highlights the importance of entrenching longer-term sustainability and economic resilience into the recovery process. The macroeconomic effects of the pandemic, as well as the impact on firms and households in Asia, are featured in a new ADBI edited book, COVID-19 Impacts and Policy Options: An Asian Perspective.
Effective infrastructure projects not only construct infrastructure, such as roads, railways, water supply, and electricity, but can boost economic growth in the surrounding region through “spillover effects” (Yoshino, Azhgaliyeva, and Mishra 2021). The infrastructure benefits firms by lowering costs and improving connectivity and the ease of doing business, leading to greater sales and exports.
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