Post-COVID-19 limitations on fiscal space continue to affect Asia’s economic recovery and development agenda. The region’s sustainable growth challenges are compounded by spiking energy and food prices following Russia’s invasion of Ukraine, exacerbating pandemic-induced supply chain disruptions. Many countries now face a difficult trade-off between retaining safeguards for affected people and firms and rebuilding fiscal buffers to reduce vulnerability and move toward a new normal.

The Seventh Tokyo Fiscal Forum highlighted post-COVID-19 era fiscal experiences and best practices in Asia, and recent policy work by the International Monetary Fund. It focused on ways to strengthen the credibility of public finances, Asia’s fiscal framework, fiscal needs for achieving the Sustainable Development Goals, and the digitalization of government operations.

See more about this ADBI event here.