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This edition of the Pacific Economic Monitor discusses the impacts of COVID-19 and provides an overview of other current economic and development issues in Pacific developing member countries of ADB.
This edition of the Pacific Economic Monitor discusses the outlook for 2021 and key issues for recovery from the coronavirus disease (COVID-19) crisis, including vaccine procurement and distribution.
The Pacific is expected to recover with moderate growth of 1.4% in 2021 and 3.8% in 2022, with tourism and widespread vaccination playing key roles. This issue of the Pacific Economic Monitor provides insights on experiences and lessons of Pacific island countries in striking a delicate balance between health and economic concerns. It also outlines ADB's new development strategy to help the region address the impacts of the coronavirus disease (COVID-19).
Sufficient provisioning for health and social protection will help support a swift, inclusive recovery in Pacific island countries. This edition of the Pacific Economic Monitor discusses the outlook for 2021 and key issues for recovery from the coronavirus disease (COVID-19) crisis, including vaccine procurement and distribution.
Pacific economies are bouncing back as tourism recovers and infrastructure projects resume, but inflationary pressures and vulnerability to natural hazards remain downside risks. This edition of the Pacific Economic Monitor tracks the rebound of some tourism-dependent economies; explores new opportunities from agriculture, digitalization, and fisheries; and analyzes ways to mitigate fiscal risks and support sustainable economic growth. It highlights how policies can better support women entrepreneurs and how strengthening fiscal reserves can help countries recover more quickly from shocks.
The Pacific's economic outlook remains solid despite the global slowdown. While social development gains in the region have been steady, some big challenges remain. This issue of the Pacific Economic Monitor begins with an overview of international and regional economic developments. It features 13 articles and policy briefs that explore socioeconomic development in the Pacific, particularly on social protection, education, elderly care, health care and health financing, pension schemes, water and sanitation, nutrition, employment, and financial inclusion.
This issue of the Pacific Economic Monitor explores how the region can reopen and rebuild. Besides safely resuming travel and protecting health, a resilient recovery will depend on promoting fiscal sustainability and strengthening economic management, including regional cooperation to revitalize tourism.
Pacific economies are bouncing back as tourism recovers and infrastructure projects resume, but inflationary pressures and vulnerability to natural hazards remain downside risks. This edition of the Pacific Economic Monitor tracks the rebound of some tourism-dependent economies; explores new opportunities from agriculture, digitalization, and fisheries; and analyzes ways to mitigate fiscal risks and support sustainable economic growth. It highlights how policies can better support women entrepreneurs and how strengthening fiscal reserves can help countries recover more quickly from shocks.
This issue explores how Pacific developing member countries can strengthen their post-pandemic social protection systems to help address long-standing development concerns and boost resilience to further shocks. It assesses individual countries’ economies and outlines ways they could improve their social protection systems, despite depleted resources. Exploring megatrends facing the subregion, including population ageing and migration, it shows how investing in universal social protection policies can have a long-term impact on reducing poverty, vulnerability, and social exclusion.