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IMF Seminars, January 1, 1901

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Bibliographic details

• Published: January 1, 1901

Event overview and logistics

• The conference served as a forum for Ministers and Central Bank Governors from Asian countries, academics, and IMF and JICA staff.
• Focused on two main themes: (i) economic setbacks from the pandemic and fiscal policies during the exit stage with a view to achieve inclusive growth and the Sustainable Development Goals and (ii) the role of fiscal policy in addressing the climate change challenges and ensuring a shift to a more resilient economy.
• The event concluded with a high-level Roundtable Discussion.
• Date and time:
  • Monday, February 13, 2023
  • Tuesday, February 14, 2023
  • Time shown below is in Japan Standard Time (UTC/GMT +9)

Economic setbacks from the pandemic and fiscal policy during the exit stage

• Scene-setting assessments and challenges identified:
  • Scarring, erosion of fiscal space, debt burdens, and reform delays in developing Asia during the pandemic.
  • Erosion of progress on the SDGs, especially in education, health and climate, and latest estimates of financing needs for SDG implementation.
  • Research presented on “Estimating Asia’s Social Infrastructure Needs in the Time of COVID-19”.
• Policy areas and recommendations discussed:
  • Transformative fiscal policies and Public Financial Management (PFM) practices to drive an inclusive recovery, including gender, green and SDG budgeting.
  • Design and use of medium-term fiscal frameworks and fiscal rules to enhance fiscal sustainability.
  • Approaches to secure debt sustainability amid pandemic-related pressures.
  • Increasing the efficiency of public investment management.
  • Addressing the “great financing divide” through domestic and external financing options.
  • Targeted external support for the fiscal transition and for managing COVID risks in the most vulnerable countries.

Fiscal policy, climate change, and building a more resilient economy

• Public perceptions and policy design:
  • Discussion of public perceptions towards climate change and climate policies and policy features that affect support for governments’ policy actions.
• Fiscal policy roles and instruments:
  • The role of fiscal policy to achieve climate goals and implement climate change mitigation policies.
  • Scaling up financing for climate in emerging market and developing economies: challenges and opportunities.
• Health financing and resilient Universal Health Coverage (UHC):
  • Key lessons from COVID-19 response experiences for resilient UHC, with emphasis on health financing and governance.
  • Investment priorities to “Invest More and Better toward Resilient UHC in Asia and Pacific.”

Roundtable and high-level conclusions

• High-level Roundtable participants included regional Finance Ministers, Central Bank Governors, and senior JICA research and policy staff.
• Closing and synthesis emphasized cross-cutting needs:
  • Coordinated fiscal and financial strategies to support inclusive growth, SDG progress, climate mitigation, and resilient health systems.
  • Mobilizing both domestic and external finance while safeguarding debt sustainability and PFM quality.

Content in this bundle

• JICA and Corridor Development in South Asia
  • JICA and Corridor Development in South Asia (Markdown version)
  • JICA and Corridor Development in South Asia (PDF)
• Fiscal Challenges Emerging From the Pandemic in Developing Asia: An Overview
  • Fiscal Challenges Emerging From the Pandemic in Developing Asia: An Overview (Markdown version)
  • Fiscal Challenges Emerging From the Pandemic in Developing Asia: An Overview (PDF)
• Development Today: New Challenges for Inclusive Growth in Developing Asia
  • Development Today: New Challenges for Inclusive Growth in Developing Asia (Markdown version)
  • Development Today: New Challenges for Inclusive Growth in Developing Asia (PDF)
• Estimating Asia’s Social Infrastructure Needs in the time of COVID-19
  • Estimating Asia’s Social Infrastructure Needs in the time of COVID-19 (Markdown version)
  • Estimating Asia’s Social Infrastructure Needs in the time of COVID-19 (PDF)
• Fiscal Policy During the Exit from Pandemic: Strengthening Public Financial Management to Support a Sustainable and Inclusive Growth
  • Fiscal Policy During the Exit from Pandemic: Strengthening Public Financial Management to Support a Sustainable and Inclusive Growth (Markdown version)
  • Fiscal Policy During the Exit from Pandemic: Strengthening Public Financial Management to Support a Sustainable and Inclusive Growth (PDF)
• Macroeconomic Prospects in Low-Income Countries – Exit from the Pandemic
  • Macroeconomic Prospects in Low-Income Countries – Exit from the Pandemic (Markdown version)
  • Macroeconomic Prospects in Low-Income Countries – Exit from the Pandemic (PDF)
• session-1-2-sri-mulyani-indrawati
  • session-1-2-sri-mulyani-indrawati (Markdown version)
  • session-1-2-sri-mulyani-indrawati (PDF)
• Fiscal Policy During the Exit from Pandemic: JICA Global Agenda 13 — Strengthening Fiscal and Financial Foundations, Aiming for Economic Stability and Growth
  • Fiscal Policy During the Exit from Pandemic: JICA Global Agenda 13 — Strengthening Fiscal and Financial Foundations, Aiming for Economic Stability and Growth (Markdown version)
  • Fiscal Policy During the Exit from Pandemic: JICA Global Agenda 13 — Strengthening Fiscal and Financial Foundations, Aiming for Economic Stability and Growth (PDF)
• Fiscal Policy and Reforms for Post-Recovery Sustainable Growth — Sitikantha Pattanaik
  • Fiscal Policy and Reforms for Post-Recovery Sustainable Growth — Sitikantha Pattanaik (Markdown version)
  • Fiscal Policy and Reforms for Post-Recovery Sustainable Growth — Sitikantha Pattanaik (PDF)
• Fiscal policy and Financing — MURAOKA Hiromichi
  • Fiscal policy and Financing — MURAOKA Hiromichi (Markdown version)
  • Fiscal policy and Financing — MURAOKA Hiromichi (PDF)
• Public Perceptions of Climate Mitigation Policies: Evidence from Cross Country Surveys
  • Public Perceptions of Climate Mitigation Policies: Evidence from Cross Country Surveys (Markdown version)
  • Public Perceptions of Climate Mitigation Policies: Evidence from Cross Country Surveys (PDF)
• Cambodia Experience and Lessons Learnt from COVID-19 Pandemic: More Investment in Health
  • Cambodia Experience and Lessons Learnt from COVID-19 Pandemic: More Investment in Health (Markdown version)
  • Cambodia Experience and Lessons Learnt from COVID-19 Pandemic: More Investment in Health (PDF)
• Invest more and better toward resilient UHC in Asia and Pacific
  • Invest more and better toward resilient UHC in Asia and Pacific (Markdown version)
  • Invest more and better toward resilient UHC in Asia and Pacific (PDF)
• Cambodia’s Response and Recovery in the COVID-19 Pandemic: Build-back Better towards UHC
  • Cambodia’s Response and Recovery in the COVID-19 Pandemic: Build-back Better towards UHC (Markdown version)
  • Cambodia’s Response and Recovery in the COVID-19 Pandemic: Build-back Better towards UHC (PDF)
• Invest more and better toward resilient UHC in Asia and Pacific — Overview of investment in health toward resilient universal health coverage
  • Invest more and better toward resilient UHC in Asia and Pacific — Overview of investment in health toward resilient universal health coverage (Markdown version)
  • Invest more and better toward resilient UHC in Asia and Pacific — Overview of investment in health toward resilient universal health coverage (PDF)

References

• Speech