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Fiji's financial reforms were disrupted by the coup of 2000. Since then, Fiji has initiated more targeted reforms. This report, for which work commenced in January 2016, documents the country's financial management systems covering budgeting, funds flow, accounting and reporting, and auditing systems. It provides insights into Fiji's internal control systems, staffing resource capacity, and information technology structure. The intent is to give project...
2) Public Financial Management Systems-Viet Nam: Key Elements from a Financial Management Perspective
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This report documents Viet Nam's financial management systems covering the areas of budgeting, funds flow, accounting and reporting, and auditing systems. It also provides insights into the quality of the country's internal control systems, staffing resource capacity, and information technology structure. The publication aims to enhance the understanding of project teams and consultants on public financial management systems with the objective of...
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The global economic crisis has swept across Asia and brought into sharp focus attempts by nations to cooperate and to integrate their economies. In many ways, the financial crisis of the late 1990s led to the formation of regional cooperation mechanisms to stabilize markets and currencies in times of turmoil. Now these initiatives are being tested. In the third edition of Development Asia, William Branigin, a Washington Post staff writer and the newspaper's...
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The publication discusses the importance of green and social finance in ensuring a sustainable recovery from the coronavirus disease (COVID-19) pandemic. It also investigates the link between bond market development and bank efficiency. It finds that banks become more profit-efficient but less cost-efficient in economies with relatively more developed bond markets.
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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.
6) The Enabling Environment for Disaster Risk Financing in Sri Lanka: Country Diagnostics Assessment
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This country diagnostic assessment seeks to strengthen financial preparedness for disasters in Sri Lanka, focusing on insurance and other risk transfer instruments. It explores the current application of disaster risk financing solutions by the government, businesses, and individual households; related demand and supply constraints; and opportunities for improvement. The assessment forms one of a series of country diagnostics undertaken using a common...
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This country diagnostic assessment seeks to strengthen financial preparedness for disasters in Fiji, focusing on insurance and other risk transfer instruments. It explores the current application of disaster risk financing solutions by the government, businesses, and individual households; related demand and supply constraints; and opportunities for improvement. The assessment forms one of a series of country diagnostics undertaken using a common...
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This publication seeks to strengthen financial preparedness for disasters in Pakistan. It focuses on insurance and other risk transfer instruments and explores the current application of disaster risk financing solutions by the government, businesses, and individual households; related demand and supply constraints; and opportunities for improvement. This is one of a series of country diagnostics assessments that used a common methodology to determine...
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High and persistent levels of nonperforming loans (NPLs) have featured prominently in recent financial crises. This book traces NPL trends during and after crises, examines the economic impact of high NPLs, and compares the effectiveness of NPL resolution strategies across economies in Asia and Europe. The book distills important lessons from the experiences of economies using case studies and empirical investigation of ways to resolve NPLs. These...
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The ASEAN+3 Bond Market Guide series provides member-specific information on the investment climate, rules, laws, opportunities, and characteristics of local bond markets in Asia and the Pacific. It aims to help bond market issues, investors, and financial intermediaries understand the local context and encourage greater participation in the region's rapidly developing bond markets. This edition focuses on updates in the bond market in Indonesia since...
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The ASEAN+3 Bond Market Guide series provides member-specific information on the investment climate, rules, laws, opportunities, and characteristics of local bond markets in Asia and the Pacific. It aims to help bond market issues, investors, and financial intermediaries understand the local context and encourage greater participation in the region's rapidly developing bond markets. This edition focuses on updates in the bond market in Thailand since...
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Rural communities in the Greater Mekong Subregion (GMS) are vulnerable to climate-related disasters. In 2008, tropical cyclone Nargis killed 84,500 people and impacted the livelihood of 2.4 million people. In 2011, large-scale floods in Thailand affected 14 million people and caused $45.7 billion in damages. This report presents findings of a climate risk financing study conducted by the GMS Core Environment Program in 28 rural communities in Cambodia,...
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The Asia and Pacific region has seen tremendous economic and social progress since the 1960s. Yet, the region remains vulnerable to disaster risk that threatens its hard-won gains. Over the years, developing Asia has endured a growing number of disasters triggered by natural hazards. As a result, numerous lives, livelihoods, and communities have been damaged or lost. The coronavirus disease (COVID-19) pandemic is testament to the debilitating effects...
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Promoting regional cooperation in the health sector is an operational priority of the Central Asia Regional Economic Cooperation (CAREC) Strategy 2030. This scoping study assesses the potential of CAREC to promote regional cooperation and integration in the health sector to mitigate risks and develop national health systems. The study specifically reviews the burden of communicable and noncommunicable diseases and their risk factors, along with the...
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This report examines the impacts of the coronavirus disease (COVID-19) pandemic on labor markets in Indonesia, Malaysia, the Philippines, Thailand, and Viet Nam. Labor markets in Southeast Asia were particularly hit hard in 2020, when government containment measures were most severe. COVID-19 has exacerbated growing inequalities in the region-hurting not just low-skilled workers but also middle-skilled workers whose jobs were already at risk from...