International economics Books

Book SynopsisThis publication provides statistics on the production of about 600 major industrial commodities. Data are provided for the ten-year period of 2003-2012 for approximately 200 countries and territories. The commodities have been selected on the basis of their importance in world production and trade. The yearbook provides data on the quantities and values of industrial production for the major industrial commodities.

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Book SynopsisThis report shows how sustainability standards can be a powerful tool for post-pandemic recovery. It traces the origin of sustainability standards, their evolution from niche to mainstream, and industry trends. Companies use them widely in their value chains. Investor choices and government policies are also being shaped by these standards

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Book SynopsisOur services sectors are key to an economic transformation. This report calls them 'connected services. Transport and logistics, financial services, information and communication technologies, and business and professional services contribute directly to economic growth - with an increasing share of output, trade and jobs. These sectors also contribute indirectly, making other firms more competitive by connecting them to global value chains and digital innovations. For example: in regions with high quality connected services, 44% of all companies' export, compared with 19% of firms where the quality of connected services is lower. Connected services spur inclusive growth that is favorable for small businesses, including those led by women and young people. Yet most small firms in developing countries do not access them easily. This report explores the measures that companies, business support organizations and policymakers must take to help connected services flourish - to benefit all firms, foster more prosperous economies and build more inclusive societies

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Book SynopsisThis publication was prepared by the UNCTAD secretariat to commemorate the first three decades of the Trade and Development Report (TDR) - UNCTAD's main flagship publication - whose first edition was published in 1981.Part one of this publication traces the key issues relating to the global economy and development strategies discussed in various TDRs over the past three decades. It also shows how the ideas, analytical perspectives and policy proposals expressed in the TDR have differed from "mainstream" thinking, and how they have evolved in response to new challenges arising from global economic developments.The salient features reviewed in this publication are: the concept of interdependence, which has shaped the TDRs' policy analyses and recommendations over three decades; the approach of the TDR to macroeconomic and financial policies in both developed and developing countries; the TDRs' contribution to the debate about the shortcomings and the need for reform of global governance in trade, finance and macroeconomics; the TDRs' assessments of the failures and successes of development policy, as well as their recommendations for development strategies, taking into account lessons from past experiences; and Issues that remain topical and others that may become relevant for analysis in future TDRs.Part two of the publication comprises the contributions of the experts who participated in a panel discussion on "Thinking Development: Three Decades of the Trade and Development Report", a pre-Conference event for UNCTAD XIII, which took place in Geneva on 20 February 2012.

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Book SynopsisThe 2014 edition reviews recent trends in the world economy, examining the consistency and sustainability of the economic policies currently followed. It addresses the evolution and current conditions of the policy space needed for implementing growth-enhancing and inclusive development strategies. It discusses how countries can better manage capital flows in order to expand their policy space for pursuing development strategies. It looks at policy space as depending not only on the existing rules and commitments taken in international agreements, but also on the possibility of mobilizing resources for financing industrial policies, investment and growth. It argues that fiscal space is a key aspect of policy space, and that developing countries need to address loss of revenue stemming from illicit financial flows, tax havens and inadequate taxation of extractive industries.

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Book SynopsisThe Trade and Development Report (TDR), launched in 1981, is issued every year for the annual session of the Trade and Development Board. The Report analyses current economic trends and major policy issues of international concern, and makes suggestions for addressing these issues at various levels. This year's Report focuses on the challenges for achieving inclusive growth in an era of austerity, hyper globalization and financial fragility. It includes chapters on robotics, gender and employment, finance and inequality, and the growing market power of non-financial corporations. It concludes by calling for Global New Deal, and the sorts of policy components it must include in light of the analyses provided.

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Book SynopsisThe publication, prepared as a contribution to the BAPA+40 Conference delves into what the future of South-South cooperation holds for developing countries, and how it can be re-energized and revitalized as a unique area of development cooperation. Given the trajectory of South-South cooperation over the last 40 years, the way forward needs to be traced, particularly in important areas of work like regional cooperation and digital industrialization. Section 1 of the report looks at the evidence behind the so-called “rise of the South” to document the qualitative and quantitative changes observed in South-South cooperation over the past four decades, highlighting that, while South-South cooperation has intensified, its impact remains uneven and incomplete. Section 2 looks at South-South cooperation's link to the means of implementation for the Sustainable Development Goals, particularly with respect to trade and development issues, drawing on an example addressing Sustainable Development Goal 7, to highlight how South-South cooperation can provide critical solutions to the South's development challenges. Section 3 examines policy options in a number of domains that can help improve South-South cooperation, drawing from a wide range of UNCTAD experience. Section 4 looks at the new landscape of Southern development finance actors and how developing countries can draw on this new emerging source of South-South cooperation to finance connectivity, structural transformation and industrialization. Section 5 explores key and emerging areas for South-South cooperation, including regional cooperation, building productive capacity and responsible investment. Section 6 looks at best practices in South-South cooperation drawn from UNCTAD technical cooperation experiences. Section 7 looks at the role that South-South cooperation can play in light of new technologies, in particular related to so-called 'Fourth Industrial Revolution' technologies.

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Book SynopsisThe advent of the African Continental Free Trade Area (AfCFTA) represents a historic opportunity for the continent to boost intra-African trade and accelerate structural transformation. However, this relies on a critical policy instrument: the effective implementation of preferential trade liberalisation among the AfCFTA members. Whether in practice African firms will utilize tariff preferences under the AfCFTA depends on a critical factor: rules of origin (RoO) and the net benefits of complying with them. The Economic Development in Africa Report 2019 argues for the adoption of flexible RoO and a strengthening of institutional capacities to ensure an impartial, transparent, predictable, consistent and neutral implementation of agreed rules of origin

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Book SynopsisThe African Continental Free Trade Area is expected to be a game changer for development ambitions in Africa. The design of the Agreement Establishing the African Continental Free Trade Area reflects an explicit commitment to create a framework for deeper socioeconomic integration and improved cooperation that enables trade, investment and the mobility of people, to support industrialization and the development of a dynamic services sector. Such achievements could ultimately generate decent jobs and increase revenue and thereby contribute to inclusive growth on the continent. A greater emphasis on deeper intraregional trade, cross-border investments in infrastructure and fostering 'made in Africa' trade and industrialization policies is key to the continent's future prosperity and resilience to global financial, food-related, climatic and pandemic-related shocks. For the African Continental Free Trade Area to be a game changer, countries in Africa need to adopt policies that enhance consistency between trade measures, diversification objectives and inclusivity. Unless this is accomplished, the Free Trade Area may be restricted to a trade liberalization agenda and thereby not fulfil the hopes and aspirations of the people of Africa. If effectively implemented, the African Continental Free Trade Area can help address challenges emanating from the excessive reliance in Africa on the supply of primary commodities and goods embodying limited value added to world markets

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Book SynopsisThis edition examines the physical impacts of climate change and their effects on developing country economies and trade; the vulnerabilities of developing countries to climate change; costs and finance for climate change adaptation; and ways that developing countries can enhance their trade-climate readiness, i.e., enhance the resilience of their trade to climate change through adaptation actions and economic diversification. Special attention is given to examining the challenges faced by the poorest and most vulnerable developing countries, specifically the least developed countries (LDCs) and small island developing states (SIDS)

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Book SynopsisCommodity dependence is a trap: once a country is commodity dependent, it is difficult to develop a productive sector out of commodities and export non-commodity products. This publication argues that without strong action at the highest political level in Commodity-dependent Developing Countries (CDDCs), these countries will remain trapped for centuries. It demonstrates how technology and innovation could lead the way to economic and structural transformation in CDDCs, helping to diversify economies and lessen dependence on the commodity sector and, in turn, strengthen productivity growth. Enabling CDDCs to escape from the commodity dependence trap requires stronger cooperation between CDDCs and their trading and development partners with regard to technological acquisition and domestication. Indeed, a conducive framework for technology accessibility and its transfer to CDDCs is ultimately needed at the international level

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Book SynopsisThis report analyses the state of the world economy, a year and half after the Covid-19 outbreak was declared a pandemic by the World Health Organization. The first part of the Report outlines key macro-financial aspects of the global economy, focusing, in particular, on the prospects for a growth recovery while analyzing possible threats from public and private debt, from inflationary spikes as well as from a return to the policies of the past. It pays particular attention to the situation of developing countries in the system of global finance, and discusses issues of debt sustainability. As this year marks its 40th anniversary, the Report also revisits the analyses provided in previous editions in response to shocks, setbacks, and crises that have hampered development during the era of hyper-globalization and underscores its abiding call for an inclusive global economic governance. The second part focuses on climate adaptation. It calls for a transformative approach to climate adaptation, with large-scale public investment programmes to adapt to future as well as current threats, and green industrial policies to drive growth and job creation. It also details reforms of the international financial system needed to get more climate adaptation funds flowing to developing countries

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Book SynopsisThis volume sets out to provide some answers to these questions through a series of studies on the Chinese 'economic miracle'. It focuses on several complementary policy areas that provide key insights in explaining the rapid growth trajectory of China, namely, macroeconomic and finance, industrial development, international trade and the digital economy. The book has greatly benefited from the discussions that took place in the two international workshops held in Beijing and Jakarta in 2019 and several webinars organised under the project in close cooperation with partner organizations including China's Development and Research Center (DRC), China's Academy of International Trade and Economic Cooperation (CAITEC), Indonesia's Institute for Development of Economics and Finance (INDEF), Ethiopia's Policy Study Institute (PSI) and Sri Lanka' Information and Communication Technology Agency (ICTA), with the participation of key actors from the public institutions, academia and the private sector

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Book SynopsisThis report examines the implications of the COVID-19 pandemic for stakeholders involved directly or indirectly in the production and trade of biodiversity-based products and services, including those sustainably sourced and traded as BioTrade products and services. It examines opportunities, challenges, but also opportunities implemented by respondents to a survey that was circulated with this purpose, to face the adverse circumstances of the pandemic. The report then concludes with a set of recommendations extrapolated from the analysis of the survey responses

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Book SynopsisThis compendium contains the main notes and technical materials that have been prepared by UNCTAD on requests 2 from WTO LDCs groups to support the ongoing progress to implement paragraph (b) of annex F of the Hong Kong Ministerial decision Ensure that preferential rules of origin applicable to imports from LDCs are transparent and simple and contribute to facilitating market access

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Book SynopsisThe report examines how African countries can work towards diversifying their exports by identifying feasible and innovative mechanisms for investment and trade policies to drive incentives to divert economic activities into transformative sectors. It aims to equip African governments and development partners with knowledge on how to diversify exports and promote structural transformation through the services sector, financial services, and private businesses, underpinned by capable, inclusive, and accountable institutions at the national, regional, and global levels

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Book SynopsisThe present publication examines the potential, opportunities and challenges facing selected LLDCs from Africa, Asia, and Latin America (in particular, Azerbaijan, Bhutan, Bolivia, Burkina Faso, Ethiopia, and Nepal) in making the best of their biodiversity and biogenetic resources where they have comparative advantages and prospects for export diversification, value addition and structural transformation. In this context, the study explores the potential and constraints to fully harnessing health foods and nutraceuticals to enhance export diversification and improve socioeconomic conditions. It also analyses product and sector-specific challenges and opportunities and proposes a series of country-specific policy recommendations to harness the potential of nutraceutical products for socioeconomic transformation in the selected countries

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Book SynopsisThe United Nations Regional Commissions, in partnership with other key United Nations Organizations, have committed to supporting member States in implementing the WTO TFA. This report is part of that commitment and the policy recommendations and technical standards developed by UNECE and UN/CEFACT are key implementation tools not only for the UNECE region, but also for other regions across the world. Facilitating trade and reducing trade barriers is of central importance to the economies of the United Nations Economic Commission for Europe (UNECE) as it enables them to better connect and gain from regional and global value chains and to fully harness the potential of trade as an engine for growth and sustainable development. Yet, both in the UNECE region and globally, trade barriers remain high. According to the latest data from the ESCAP-World Bank International Trade Cost Database, the overall cost of trading goods among the three largest European Union (EU) economies remains at a 42% average tariff on the value of traded goods while it reaches a peak of 169% for trading with South-Eastern Europe. Similarly, the cost of trading among Central Asian countries averages 75%, while it reaches 153% with the three largest EU countries.

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Book SynopsisThe study on ’Digital Trade Facilitation in Asia and the Pacific' reviews the state of play in implementation of trade facilitation and paperless trade in the Asia and the Pacific region. It also provides estimates of the trade cost reduction potential of trade facilitation implementation scenarios, from basic compliance with the WTO TFA to full digital trade facilitation. The stduy also includes a review of paperless trade provisions in regional trade agreements as well as an introduction to the Framework Agreement on the Facilitation of Cross-Border Paperless Trade in Asia and the Pacific, as new tool to accelerate digital trade facilitation implementation in the region.

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Book SynopsisProduced in connection with the global midterm review of the Vienna Programme of Action for LLDCs 2014-2024, this publication explores structural transformation for poverty reduction in Asia's landlocked developing countrites (LLDCs), including related policy making and financial mobilization. To accelerate structural transformation in line with achieving the 2030 Agenda for Sustainable development, Asia's LLDCs must focus on economic diversification and reduced dependency on extractive industries. These priorities require active policies to incentivize both the development of manufacturing and high-productivity services and the integration of the private sector into regional value chains. This report thus aims to address policy gaps and development challenges and to equip policy makers of Asia's LLDCs - including those least developed countries (LDCs) - with relevant sectoral knowledge and expertise

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Book SynopsisThis annual ESCAP publication discusses issues of interest for Asia-Pacific least developed countries (LDCs), landlocked developing countries (LLDCs) and small island developing States (SIDS), collectively referred to as countries with special needs (CSN). The 2020 edition of the report offers analytical studies and policy recommendations for Pacific SIDS to successfully manage their vast ocean resources and, in turn, maintain healthy blue economy sectors, such as coastal fisheries and marine-based tourism. As these States are otherwise limited in their land-based resources, making better use of the blue economy could provide valuable employment and sustenance for local populations and, ultimately, the means for achieving the Sustainable Development Goals. To that end, this report emphasizes the importance of greater regional cooperation in the creation of an enabling framework, especially given the nature of fisheries as a common property resource

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Book SynopsisInternational trade and investment have been indispensable engines of economic growth in Asia and the Pacific and remain essential means of implementation for the 2030 Agenda for Sustainable Development. However, this economic growth has come with significant social and environmental costs, including the rapidly worsening climate crisis. This report is focused on how 'climate-smart' trade and investment-related policies can help address climate change, taking into account the on-going COVID-19 pandemic. The links between trade, investment and climate change are complex. The key is to ensure that the positive effects of trade and investment are maximized, such as by promoting trade and investment in renewable energy and low-carbon technologies, while the negative effects are minimized, such as by digitalizing trade and transport systems. Putting a price on carbon and eliminating fossil fuel subsidies remain fundamental elements on which urgent progress need to be made if trade and investment are to become more sustainable. As key trade partners seriously consider putting in place border taxes on carbon to address carbon leakages and loss of competitiveness induced by domestic carbon pricing policies, economies in the region not taking steps towards reducing emissions risk being pushed out of key markets. While implementing climate-smart policies may come at a cost in terms of required additional investments, particularly for emission-intensive sectors and economies, the cost of inaction is far greater. The roll-out of COVID-19 recovery packages may provide opportunities to invest in low-carbon technologies and sectors, opportunities that should not be missed in light of the urgency for action

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Book SynopsisThis ECLAC annual report sets out and analyses the main foreign direct investment (FDI) trends in the countries of Latin America and the Caribbean. In the region, FDI inflows were up (by 13.2%) year on year for the first time in five years, at US 184.287 billion. This performance is explained by higher flows into just a few countries, however, mainly Brazil and Mexico. Moreover, it does not reflect equity investment, but higher inflows in the form of intercompany loans and, to a lesser extent, reinvestment of earnings. Manufactures and services were the sectors receiving most equity, although there was a slight rise in investment in natural resource sectors compared with 2018

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Book SynopsisThe Social Panorama of Latin America 2019 analyses issues crucial to understanding and action given the structural challenges facing the countries of Latin America and the Caribbean in the current economic and social situation, especially in the context of the transformations underway in labour markets. Throughout the report, which has been published since 1991, strategies and policies are suggested for advancing toward inclusive development in accordance with the 2030 Agenda for Sustainable Development

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Book SynopsisThis publication outlines the region's economic performance in 2020 and analyses trends in the early months of 2021, as well as the outlook for the rest of the year. It examines the external and domestic factors that have influenced the region's economic performance, analyses the characteristics of growth, prices and the labour market, and draws attention to some of the macroeconomic policy challenges of the prevailing external conditions, amid mounting uncertainty stemming mainly from political factors. It analyses the dynamics of investment and its determinants, with a view to identifying the different variables on which public policy can act to influence the trajectory of investment. This edition also analyses the impact of the crisis caused by the coronavirus disease (COVID-19) pandemic on the region's labour markets, with a comparison of historical trends, and particular emphasis placed on the disproportionate effect of the pandemic on female and youth employment

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Book SynopsisThis edition of Preliminary Overview of the Economies of Latin America and the Caribbean analyzes the economic and social dynamics at play last year, and explores the risks and policy challenges that the region will face in 2022 for driving a transformative recovery. More specifically, the document presents new Gross Domestic Product (GDP) estimates for the region and all of its countries in 2021, along with projections for 2022.

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Book SynopsisIn its 2022 edition, this ECLAC annual report examines the foreign trade performance of the region's economies during the year. It consists of three chapters. The first examines recent developments in global and regional trade amid the conflict between the Russian Federation and Ukraine, record-high inflation rates, the global economic slowdown, geopolitical tensions and the difficulties faced by China in containing the COVID-19 pandemic. Chapter II presents an overview of the region's foreign trade in manufactures in the past three decades, with particular emphasis on its export performance. Chapter III discusses the profound disruptions observed in global shipping supply chains since the onset of the pandemic, which have been exacerbated by the conflict between the Russian Federation and Ukraine

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Book SynopsisThis Handbook aims to provide practical guidance on the calculation and allocation of the production of various types of financial services and issues related to the compilation of the financial account and balance sheets by institutional sector in the context of from-whom-to-whom relationships. The Handbook complements the 2008 SNA and related manuals, handbooks and guides. The concepts are described and defined in line with the 2008 SNA. Where appropriate, illustrative worked examples with step-by-step guidance are provided in the Handbook to give compilers and users a better picture of how to apply and interpret the various concepts. The Handbook is useful for staff working in national statistical offices, national central banks, international organizations and other institutions engaged in collecting, compiling and disseminating national accounts data, specifically on the financial corporations sector and financial account, and for users requiring a better understanding of such data.

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Book SynopsisThe National Accounts Statistics: Analysis of Main Aggregates, 2015 is the forty-sixth issue of this publication which comprises in the form of analytical tables a summary of the principal national accounting aggregates based on official national accounts data for more than 200 countries and areas, covering 1970-2015. It also contains a section on the estimation methods used for compiling data. It is prepared by the Statistics Division of the Department of Economic and Social Affairs of the United Nations in cooperation with national statistical offices. Tables include analysis of data on gross domestic product (GDP) by different structural components. They are classified into: 1) analysis of the level of total and per capita GDP 2) analysis of the percentage shares of GDP by type of expenditure and gross value added by kind of economic activity 3) analysis of economic development expressed in terms of real growth of GDP and its components by type of expenditure and gross value added by kind of economic activity, and 4) analysis of price development reflected by implicit price deflators of GDP.

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Book SynopsisAs countries worldwide are still recovering from the repercussions of the COVID-19 pandemic, the war in Ukraine is expected to result in severe implications for the global economy. The ongoing conflict is driving up energy and commodity prices, and threatening food security in many parts of the world. The magnitude of the impact on individual countries depends on the composition of their economies, and their trade and financial links with the two countries in conflict. The gross domestic product of the Arab region is expected to grow by 5.18 per cent in 2022 if the conflict ends by June 2022 (0.02 percentage point lower than the pre-crisis projections), and by 4.78 per cent if the conflict endures longer (0.42 percentage point lower than the pre-crisis projections - an estimated loss of around $11 billion). As heavy oil exporters, the Gulf Cooperation Council economies will benefit from the recovery in oil markets that started in 2021, and will grow at their fastest pace since 2014. These countries will also profit from oil price hikes caused by the war in Ukraine. All other Arab countries are expected to grow at a slower pace than pre-crisis projections. In addition to higher energy prices, these countries also face increasing food security concerns as a result of the economic sanctions on the Russian Federation, and disruptions to supply chains caused by military activities. Some will also face a decline in official development assistance

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Book SynopsisThe 2021 International Trade Statistics Yearbook, Volume I —Trade by Country — provides a condensed and integrated analytical view of the international merchandise trade, and trade in services up to the year 2021 by means of brief descriptive text, concise data tables and charts. The information presented in the publication give an insight into the latest trends of trade in goods and services of around 175 countries (and areas) in the world. The yearbook is also made available online at https://comtrade.un.org/pb/. For more detailed data, users are requested to go to UN Comtrade (http://comtrade.un.org) which is the source of the information presented in the Yearbook, and is continuously updated. The publication is aimed at both specialist trade data users and common audience at large. The presented data, charts and analyses will benefit policy makers, government agencies, non-government organizations, civil society organizations, journalists, academics, researchers, students, businesses and anyone who is interested in trade issues. The information and analyses are presented in a way which can be comprehended by non-expert users of statistics

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Book SynopsisThis report contains detailed tables showing international trade for 258 individual commodities, for the 11 main Extended Balance of Payments Services categories, and world/regional trade tables or figures presenting statistics up to the year 2021. The information in the publication is based on data provided by approximately 175 countries (or areas) in the world. For more detailed data, users are requested to go to UN Comtrade (http://comtrade.un.org) which is the source of the information presented in the Yearbook and is continuously updated. The publication is aimed at both specialist trade data users and common audience at large. The presented data, charts and analyses will benefit policy makers, government agencies, non-government organizations, civil society organizations, journalists, academics, researchers, students, businesses and anyone who is interested in trade issues. The information and analyses are presented in a way which can be comprehended by non-expert users of statistics

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Book SynopsisThe World Investment Report 2023 provides the latest trends and prospects for foreign direct investment. It documents a challenging year for cross-border investment flows, looking at greenfield investment in industry, project finance in infrastructure, and international production activities of the largest multinationals. Dedicated sections provide data on international investment in the SDGs and in sustainable energy. The Report further reviews recent policy developments, including trends in national investment policy measures and international investment agreements. It presents an overview of investment policy measures aimed at supporting the energy transition. The Report also documents sustainability trends in global capital markets, including sustainability-linked financial products, sustainable stock exchanges, institutional investor commitments and financial regulations - all with a special focus on the mobilization of funds for the energy transition. Finally, the theme chapter of the Report discusses ways and means to increase international private sector investment - in particular foreign direct investment and international project finance - in the energy sector in developing countries, taking into account both the energy transition imperative and SDG7 on affordable and reliable access to energy for all

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Book SynopsisThe present study shows that the economic recovery that started in 2021 with 4.1 per cent growth for the Arab region is expected to continue at 3.7 per cent in 2022 and 3.6 per cent in 2023 for the baseline scenario, and 3.9 per cent in both years for the alternate scenario. The extent of economic recovery varies among Arab subregions and depends on the course of the pandemic, the speed of vaccination, dependency on oil revenues, tourism receipts, and levels of remittance inflows and official development assistance. For the Arab region as a whole, poverty is expected to decline from 26.94 per cent of the population in 2021 to 26.23 per cent in 2023, based on national poverty lines. The region made a slight improvement in closing the gender gap in 2020 but at the current pace of change needs 142 years to reach gender parity. Social protection systems in the region face severe shortcomings in coverage and effectiveness, particularly in countries with limited fiscal space and persistent political instability. Arab governments need to pursue tax reforms they initiated a while ago. Qualitative reforms should make tax systems fairer and more progressive, with simpler and more transparent administrative procedures for better tax compliance. At the national level, reforms should include redesigning tax brackets, rationalizing exemptions, introducing wealth or property taxes, and improving tax data. At the regional and international levels, enhanced cross-border tax cooperation is critical to coordinate tax incentives, review treaties and reinforce tax transparency

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Book SynopsisThis Advanced Guide to Trade Policy Analysis is a complementary follow-up to the original Practical Guide to Trade Policy Analysis. It provides the most recent tools for analysis of trade policy using structural gravity models. Written by experts who have contributed to the development of theoretical and empirical methods in the academic gravity literature and who have rich practical experience in the field, this publication explains how to conduct partial equilibrium estimations as well as general equilibrium analysis with structural gravity models and contains practical guidance on how to apply these tools to concrete policy questions.This Advanced Guide has been developed to contribute to the enhancement of developing countries’ capacity to analyse and implement trade policy. It is aimed at government experts engaged in trade negotiations, as well as graduate students and researchers involved in trade-related study or research.

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Book SynopsisThe Asia Small and Medium-Sized Enterprise Monitor provides data and analysis as a resource for evidence-based policy design. This year's edition focuses on South Asia.This first volume reviews micro, small, and medium-sized enterprises (MSMEs) at the country and regional levels. It covers Bangladesh, India, Nepal, Pakistan, and Sri Lanka, and examines MSME development, access to finance, and policies and regulations. It notes that revitalizing MSMEs by channeling more growth capital to them will be key to a resilient economic recovery from the pandemic. It highlights opportunities in formalizing MSMEs and connecting them to international markets, expanding digital skills, fostering technology-based start-ups, and supporting youth and women entrepreneurs.

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Book SynopsisThis publication highlights short-term actions that can mitigate pressures and medium-term policy considerations for finance sector resilience in the post-COVID-19 period.The guidance note examines the effects of the coronavirus disease (COVID-19) on real economies and the measures taken to ease the impact. It notes risks to financial stability, such as an anticipated rise in nonperforming assets. Its recommendations include establishing a framework for epidemic risk financing, buttressing financial stability and macroprudential measures, developing insurance markets for risk sharing and transfer solutions, improving SME financing, and fostering digital transformation.

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