Wednesday, March 17, 2021

Key to SA’s COVID-19 economic recovery

 Southeast Asian countries can benefit from investments in green infrastructure, digital transformation, big data, and revenue mobilization through tax reform as the region recovers from the coronavirus disease (COVID-19) pandemic, said Asian Development Bank (ADB) President Masatsugu Asakawa at the second Southeast Asia Development Symposium.

“As countries slowly begin to emerge from the devastating health and economic impacts of the pandemic, we now stand at a critical juncture. The pandemic offers us a unique opportunity to rebuild for a more resilient, inclusive, and sustainable recovery,” said Mr. Asakawa at the opening session of the symposium. “The pandemic is presenting all of us with unprecedented challenges, and we need to forge a new path forward together, one which taps new ideas and technologies, and leverages our existing platforms for innovation and partnership.”

Developing economies in Southeast Asia can benefit from action in three key policy areas, which are laid out in a series of policy briefs released by ADB yesterday.

The symposium, “Innovation through Collaboration: Planning for Inclusive Post-COVID-19 Recovery”, is being held virtually on March 17–18, 2021. The event will explore how Southeast Asian nations can improve access to vaccines, revitalize businesses, create jobs, and harness big data and new technology to support growth.

 

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