1 / 26

Priorities in addressing economic and financial shocks: Some Perspectives from Asia-Pacific LLDCs

Priorities in addressing economic and financial shocks: Some Perspectives from Asia-Pacific LLDCs. S yed Nuruzzaman C hief Countries with Special Needs Section E SCAP. Basic indicators of socio-economic performance of Asian LLDCs. Economic and financial shocks and the LLDCs. 4.

afra
Download Presentation

Priorities in addressing economic and financial shocks: Some Perspectives from Asia-Pacific LLDCs

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Priorities in addressing economic and financial shocks: Some Perspectives from Asia-Pacific LLDCs Syed Nuruzzaman Chief Countries with Special Needs Section ESCAP

  2. Basic indicators of socio-economic performance of Asian LLDCs

  3. Economic and financial shocks and the LLDCs

  4. 4

  5. External shocks and Coping Capacity A country’s vulnerability to external setbacks depends on the extent of its exposure to global economy and its capacity to cope

  6. Nature of vulnerabilities of LLDCs • High proportion of exports to advanced countries • Primary commodity exporters • Highly dependent on capital flows – private, official (ODA) and remittance • High external debt

  7. Crisis Transmission in LLDCs • Direct balance sheet effects • The credit squeeze • Reduced availability of trade credit • Effects • Fall in primary commodity prices • Falling export volumes • Reduced private investment flows • Reduced Official Flows • Reduced remittance flows

  8. Varying levels of country exposure & coping capacity More exposure to external economic shocks Less exposure to external economic shocks Weaker capacity to cope with crisis Stronger capacity to cope with crisis

  9. Economic Growth: Recent Trends

  10. High trade-GDP ratio

  11. Exports in GDP

  12. Export growth

  13. Direction of merchandise exports (% of total)

  14. MDG Score Card: ESCAP LLDCs

  15. MDG Goal 1 – Poverty rate

  16. Trends in Unemployment

  17. Global economic crisis could push additional people into extreme poverty

  18. Slow progress in reducing poverty and hunger Progress in eradicating extreme poverty and hunger in LLDCs (MDG1)

  19. Goal 4: Reduce child mortality

  20. Goal 4: Reduce child mortality

  21. Building resilience to future crisis

  22. Building resilience – inclusive and sustainable development • Prepare for ‘new normal’- build instability in the global markets and external shocks in development strategy • Focus on broad-based, employment-intensive and inequality-reducing development strategy • Economic growth driven by productive capacity development • Diversify export base and destinations • Invest in internal connectivity • Land-linked hubs with strong transport corridors and trade facilitation • Regional and south-south trade and financial cooperation • Maintain macroeconomic stability, rule of law and reduce corruption • International support through trade, investment, remittance, aid, and technology transfer • Strengthen social protection • Improve basic services and their delivery

  23. Promoting social protection Social protection in Asia and the Pacific, selected countries

  24. Please read Vientiane Consensus

  25. Thank you

More Related