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COVID-19: Number of children living in household poverty to soar by up to 86 million by end of year
(CPV) - The economic fallout of the COVID-19 pandemic could push up to 86 million more children into household poverty by the end of 2020, an increase of 15 per cent, according to a new analysis released on May 28th 2020 by Save the Children and UNICEF.
ADB Ventures raises USD50 million, exceeding fund capitalization target
10:32 20/04/2020
(CPV) - ADB announced that ADB Ventures, its new impact investment platform, will soon commence operations after successfully raising the equivalent of USD50 million from multilateral and bilateral development partners and exceeding its first fund close target.
Cambodia’s economy impacted by record-low oil prices
10:43 17/04/2020
A grim report on the world economy by the International Monetary Fund (IMF) announced on April 15 caused oil prices to continue to slide, with international prices hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a COVID-19-fuelled slump in demand.
Philippines cuts interest rates to record low due to COVID-19
10:35 17/04/2020
The Philippine central bank on April 16th lowered its interest rates by 50 basis points to 2.75 percent, the lowest on record, to keep the economy afloat amid the COVID-19 pandemic.
IMF forecasts slight economic growth for Indonesia in 2020
10:29 17/04/2020
The International Monetary Fund (IMF) projected that Indonesia’s economic growth will remain in positive territory this year, albeit ever so slightly, as the coronavirus pandemic puts the global economy at risk of its worst recession since the Great Depression of 1930.
Int'l media highlight online Special ASEAN, ASEAN+3 Summits on COVID-19
12:23 15/04/2020
The Special ASEAN Summit and Special ASEAN+3 Summit on the COVID-19 response, which took place online on April 14th and were chaired by Vietnamese Prime Minister Nguyen Xuan Phuc, have received intensive coverage in international media.
ASEAN+3 countries discuss specific measures against COVID-19
12:14 15/04/2020
Leaders attending the online Special ASEAN+3 Summit on COVID-19 response on April 14th shared experience and sought concrete measures to soon stamp out the pandemic.
Thai PM: No country could fight against COVID-19 threat alone
11:59 15/04/2020
Thailand’s Prime Minister Prayut Chan-o-cha emphasised that no country could fight against the COVID-19 threat alone while addressing the online Special ASEAN Summit on COVID-19 response on April 14th.
Korean diplomat praises outcome of ASEAN+3 Summit on COVID-19
11:56 15/04/2020
The most important outcome of the Special ASEAN Plus Three Summit on COVID-19 is the solidarity and sense of cooperation shown by all ASEAN leaders, the Korean President and Chinese Premier and Japanese Prime Minister in the joint fight against the COVID-19 pandemic, said a Korean diplomat.
Declaration of Special ASEAN Summit on Coronavirus Disease 2019
11:52 15/04/2020
The Special ASEAN Summit via video conference on April 14th, 2020 has issued a declaration. The following is the full text of the declaration.