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East Asia and Pacific Newsletter

  
November 17, 2008
FEATURE
 Philippines in a better position to weather global slowdown
According to the latest Philippines Quarterly Update, past policy reforms have put the Philippines in a better position to weather the uncertainties brought about by the global financial crisis and higher food and fuel prices. With appropriate policies going forward, short-term growth prospects can be improved.
Download the report (789kb pdf)
   
 Financial Crisis and Developing Countries
Zoellick: G20 Summit a positive step forward; follow up needs "to take into account the interests of the poor and most vulnerable."
Read the statement by World Bank Group President Robert B. Zoellick on the Summit of G20 Leaders
Read the background paper prepared by the World Bank Group for the G20 Summit
Read the press release
Visit the World Bank's Financial Crisis website
  
AROUND THE REGION
CHINA: China Quarterly Update to be launched on November 25, 2008
The next issue of the China Quarterly Update is scheduled to be released on November 25 in Beijing, with a live on-line discussion with the authors on December 1, 8:00 a.m. EST. View past editions | Submit questions in advance for the live on-line discussion
   
INDONESIA: Aceh economy slows down as reconstruction effort comes to an end
The latest Aceh Economic Update shows consumption growth, a steady drop in poverty and a return to lower, pre-tsunami inflation rates. Recovery and growth in the agriculture sector also signals economic progress beyond the reconstruction effort. Read more | Get the report
   
JAPAN: Jazz concert for World AIDS Day
Red Shoes Foundation, The World Bank, and United Nations University will present the 13th Annual Music for AIDS Awareness on Sunday, November 30. Admission is free, and everyone is invited to attend. Read more
   
MONGOLIA: Mongolia Quarterly Report, October 2008
The latest Mongolia Quarterly Report notes that the recent worsening of the financial crisis in the US and the contagion to the world real economy are adding pressures for Mongolia to address macroeconomic imbalances. Download the report (425kb pdf)
   
PACIFIC ISLANDS: World Bank Group opens new Solomon Islands Office with ADB
WB and ADB reaffirm commitment to assisting small states affected by conflict and fragility. Read more
   
VIETNAM: World Bank, SBV sign US$200 million for better access to rural finance
The World Bank and the State Bank of Vietnam signed the credit agreement for US$200 million to help improve Vietnamese farmers’ access to finance. Read more
   
 
The blog East Asia & Pacific on the rise wants to create conversations around important development challenges facing the region, share what we at the World Bank are doing and highlight some interesting initiatives. It is maintained by various staff working on development issues in the region.
   
Current conversations:
In time of economic crisis, influential thinkers contemplate future (David Dollar)
   
Developing world draws focus as G-20 leaders prepare for summit (James Davison)
   
China's stimulus plan also aims to improve quality of life (David Dollar)
   
Empowering the poor: Helping urban slums to help themselves (Chris Pablo)
   
   
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