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How Improved Fiscal and Financial Management Can Improve Public Trust and Reduce Corruption
Fiscal policies to increase tax revenues and financial management systems to spend them are inextricably linked. To improve funding for development in Asia and the Pacific, fiscal and financial management reforms need to be pursued simultaneously.
Maintaining Momentum: Three Steps Countries Can Take to Make Infrastructure More Resilient
Operations and maintenance costs are often left out of the equation when building infrastructure. These steps will help countries manage these expenses.
Ready, Set, Grow: Developing Countries Need to Take the Lead in Project Readiness
Project readiness is a crucial factor for the effective preparation and implementation of infrastructure projects. Developing countries and their partners must enhance project readiness to maximize the impact and sustainability of these investments.
Three Tools for Taking on Climate-Induced Fiscal Risk
Policymakers in the Asia and the Pacific have powerful tools available to identify funding gaps, optimize resource allocation, and enhance resilience against the looming fiscal challenges of climate change.
Six Pathways to Sustainable Procurement in Asia and the Pacific
Adopting sustainable procurement is a 13ドル trillion opportunity for Asia and the Pacific to achieve its economic and social goals. This will take leadership from governments and development organizations, including multilateral development banks.
Four Ways to Use Public Financial Management to Address Climate Change
Bangladesh has made dramatic strides in reducing the deaths and economic impact of climate-related weather events. Public financial management has played a role in these achievements, offering important insights for other countries.
For A Sustainable Future, We Need to Rethink Cost-Benefit Analysis
Traditional cost-benefit analysis tends to undervalue long-term investments, especially in natural capital. Discount rates often overlook impacts beyond 20 years. To rectify this, we need policies that prioritize long-term sustainability.
Tax Reform: Learning from Hong Kong, China’s Reform Challenges
Hong Kong, China’s tax system and prudent approach to fiscal policy are two pillars of its success. Despite this, aging and climate change will require tax reforms to ensure fiscal sustainability and competitiveness.
Your Questions Answered: What is Bhutan’s Gross National Happiness Index?
Milan Thomas, an ADB economist who specializes in social sector impact evaluation, and Yangchen C. Rinzin, a research fellow at the Centre for Bhutan and Gross National Happiness Studies, answer questions about the use of Bhutan’s Gross National Happiness index.
Is it Time to Tax the Use of Robots?
Governments in Asia will need to walk a fine line between securing adequate revenues, supporting displaced workers, and promoting growth and investment, in response to tax challenges posed by rapid robot deployment.