Against the Odds: Pursuing Another Chance for Green Recovery in ASEAN

By Rika Safrina and Imaduddin Abdullah

Monday, 14 Feb 2022

Southeast Asia countries have spent little of their COVID-19 recovery funds on sustainable development. There is still time to turn the pandemic into an opportunity.

The COVID-19 pandemic has profoundly impacted the global economy, including countries in the Association of Southeast Asian Nations (ASEAN). Virtually all the authorities in ASEAN launched fiscal stimulus packages throughout the pandemic to mitigate the negative impact of COVID-19.

On average, ASEAN member states have allocated around 7.7 per cent of their GDP for fiscal stimulus. This includes health and non-health spending (6.2 per cent when combined), and liquidity support (1.5 per cent).

The original article can be found here.


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