Category : Economy

The international financial crisis has had a serious impact on the countries of the Europe and Central Asia region. Growth is slower, unemployment is higher, public debt has soared, and trust in the stability of banks has been eroded. The Role of Financial Reporting in the Policy Response to the Financial Crisis The international financial...

Urbanization brings higher productivity because of its positive externalities, economies of scale and build green industrial zones to attract manufacturing. Urbanization degrades the environment, according to conventional wisdom. This view has led many developing countries to limit rural – urban migration and curb urban expansion. But this view is incorrect. There are a number of...

China’s fiscal revenues are still relatively low compared to OECD countries, making it difficult to allocate adequate public resources to social development. It is a welcome step that [People’s Republic of] China’s new leaders have stated their intention to focus on not just the trajectory but the quality, efficiency and sustainability of economic growth. This...

Thailand as a regional leader in corporate governance with a relatively comprehensive framework and has achieved high levels of compliance in a number of key areas. Bangkok, April 25, 2013 – A World Bank report analysing Thailand’s corporate governance framework finds that while Thailand has undertaken significant reforms that have enhanced corporate governance, key challenges remain....

African Ministers of Finance, during a press briefing discussed Africa’s steady growth in the past decade, regional trade, and open borders. WASHINGTON, April 25, 2013—African Ministers of Finance, during a press briefing April 20th at the World Bank-IMF Spring Meetings, discussed Africa’s steady growth in the past decade, regional trade, and open borders.  The ministers...

Development partners have an important role to play in supporting Pacific nations as they work to secure their energy future, including providing financing and helping develop regulatory frameworks that support renewable energy and energy efficiency. Sticker shock at the gas pump is a possibility for virtually any driver at a time when crude oil costs...

Globalization, trade liberalization, supply chains and production networks. Combined, these factors have transformed Asia over the recent decades. Globalization, trade liberalization, supply chains and production networks. Combined, these factors have transformed Asia over the recent decades. Breaking down barriers to doing business across borders in Asia – economic integration – continues to deepen on its...

“Huge investments must be made in education and skills training that are appropriate for the needs of the future. For any of this evolution to proceed, the right infrastructure must be in place.” NEW DELHI, INDIA – Developing Asia must invest in skills, technologies, and the private sector to move beyond low-cost manufacturing and ensure...

The initiative is proposed to be funded at $9 million over three years. This amount is jointly committed by ADB and Singapore government agencies, led by IE Singapore. NEW DELHI, INDIA – The Asian Development Bank (ADB) and International Enterprise (IE) Singapore today signed a Letter of Commitment to launch a public-private partnership (PPP) initiative...

Asian governments are now more receptive to the concept of public-private partnership, and are lining up rigorously selected and better-designed infrastructure projects for possible financing. Asia needs a robust bond market that can match the financing requirements of huge infrastructure projects in the region and the growing appetite for long-term assets among local pension and...