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ADB: Asia Pacific countries face challenges for for social security

ADB: Developing Asia Pacific countries face financial challenges for social security

Many developing countries in the Asia-Pacific region still face "considerable challenges," especially in creating the sustainable financing needed for the local welfare programmes.
ADB: Developing Asia Pacific countries face financial challenges for social security ảnh 1Illustrative image (Source: Internet)

Hanoi (VNA) - Many developing countries in the Asia-Pacific regionstill face "considerable challenges," especially in creating thesustainable financing needed for the local welfare programmes.

This is stated in a new study by the Asian Development Bank (ADB), which was releasedon February 13.

Under the 2030 Agenda for Sustainable Development, and of ADB's Strategy 2030,such financing is the bedrock for the success of the social protection programmestowards UN Sustainable Development Goals (SDGs).

The new study, titled “Asia’sFiscal Challenge: Financing the Social Protection Agenda of the SDGs”, Asia-Pacificcountries have a good chance of achieving the social protection agenda underthe SDGs if they have right fiscal reforms and policies.

The study recommends governments, civil society, and other development partnersto immediately start long-term budget and financial planning for implementingthe social protection programme.-VNA


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