ADB's Focus on the Finance Sector
In the Spotlight
威廉希尔体育The pandemic has highlighted the shortcomings of the globalized supply chain model.
The production processes and supply chains that feed into the production of masks, gloves and other personal protective equipment must be secured.
威廉希尔体育Many workers will be displaced and many businesses will close as a result of the slowdown caused by COVID-19. Providing support to those affected gives them a fighting chance.
Bank-held nonperforming loans in some Asian economies have risen in recent years. Policy makers should address this growing risk now.
The financial system is the lifeline of a country’s economy. It creates prosperity that can be shared throughout society and benefit the poorest and most vulnerable people. Financial sector and capital market development, including microfinance, small and medium-sized enterprises, and regulatory reforms, is vital to decreasing poverty in Asia and the Pacific. Since the Asian financial crisis in 1997-1998, the region’s financial sector has strengthened significantly. However, it still lags substantially behind that of developed economies and room to grow.