Need a new search?
If you didn't find what you were looking for, try a new search!
The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. (more…)
Since the COVID-19 outbreak was first reported in Wuhan, China in late December 2019, the disease has spread to more than 200 countries and territories. In the absence of a vaccine or effective treatment, governments worldwide have responded by implementing unprecedented containment and mitigation measures—the Great Lockdown. (more…)
Full or partial lockdowns to curb the spread of COVID-19 are having crippling effects on businesses and workers across Asia, as elsewhere. Among the most vulnerable of the workers are the ones working in part-time and temporary jobs without social insurance, and in sectors of the economy that are neither taxed, nor regulated by any form of government.
Varapat Chensavasdijai is the Deputy Division Chief of Caribbean I Division in the IMF’s Western Hemisphere Department. He is the mission chief for Trinidad and Tobago. Previously, he was in the Strategy, Policy, and Review Department, working on debt and external policy issues and IMF programs with Ireland and Ukraine. He was also in the Asia and Pacific Department, covering a broad range of countries including Korea, Maldives, Myanmar, and Vietnam. Prior to joining the IMF, he worked at the Bank of Thailand. He holds a BSc and MSc from the London School of Economics and a PhD from Oxford University.
This blog is part of a special series on the response to the coronavirus.
A key role of government is to protect the well-being of its people—most crucially and visibly during emergencies such as the recent outbreak of the coronavirus. The IMF has $50 billion available in rapid-disbursing emergency financing to help countries suffering from the virus. As Managing Director Kristalina Georgieva said, what we want is to guarantee that people are not going to die because of a lack of money. (more…)
September 26, 2018
Asia’s digital revolution shows no signs of slowing down. From e-commerce giants like China’s Alibaba and Japan’s Rakuten, to ride-hailing, and digital payment tech startups, like Indonesia’s Go-Jek and India’s Paytm, and the widespread use of industrial robots for manufacturing, digitalization is changing the way the region’s businesses operate. (more…)