Mongolia can build a more inclusive and sustainable economy by improving macroeconomic management, strengthening human development, increasing international trade, and diversifying the economy by building on the country’s existing knowledge and expertise, including in the mining sector, says a new Asian Development Bank (ADB) Country Diagnostic

Global investment sentiment waned amid the sharp economic downturn triggered by the coronavirus disease (COVID-19). The governments and central banks of many economies launched fiscal stimulus packages and eased monetary policies to mitigate the economic impact of COVID-19.

This publication provides updated economic forecasts for Asia and the Pacific, taking into consideration the impact of coronavirus disease (COVID-19). Developing Asia is now projected to grow by only 0.1% in 2020, which would be the lowest regional growth outcome since 1961. Contraction is expected in all subregions except in East Asia.

The report highlights key milestones of 2019—the first full year of implementation of the bank’s long-term corporate strategy, Strategy 2030. It sets out how ADB has been providing finance, knowledge, and other expertise as it works to help achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific.

Growth in the region is expected to slow sharply to 2.2% in 2020 under the effects of the current health emergency and then rebound to 6.2% in 2021.

The Asian Development Bank (ADB) has released the 13th annual performance report of its corporate results framework, the Development Effectiveness Review, a management tool that monitors performance and progress during 2019. The report focuses on progress achieved against 60 corporate performance indicators.

Growth in the region is expected to slow sharply to 2.2% in 2020 under the effects of the current health emergency and then rebound to 6.2% in 2021. Excluding Asia’s high-income newly industrialized economies, growth will drop from 5.7% to 2.4% this year before recovering to 6.7% next year.

Given the highly unpredictable nature of the outbreak, the range of scenarios explored in this brief suggests a global impact of $77 billion to $347 billion or 0.1% to 0.4% of global GDP, with a moderate case estimate of $156 billion or 0.2% of global GDP.

A new coronavirus disease, now known as COVID-19, was first identified in Wuhan, People’s Republic of China (PRC), in early January 2020. From the information known at this point, several facts are pertinent.

Empowering people, ensuring inclusiveness and equality is fundamental to realizing sustainable development. What change is needed to strengthen empowerment and promote inclusion and equality of all people within our efforts to implement the 2030 Agenda, including its central aspiration to leave no one behind?