Skip to content


New Blog on Development in South Asia

Interested to know more about remittances in Bangladesh or education reforms in Pakistan? A new blog ‘End Poverty in South Asia’ launched by the World Bank discusses these and other important issues to create a conversation around development in South Asia.

This blog will share what the World Bank are doing and highlight experiences and insights of the staff working in South Asia. More importantly, this blog allows you, the reader, to weigh in on key debates and inform thinking about development in the region.

The following article is, so far, the only one mentioning tourism:

Smaller South Asian nations not immune to the effects of global financial crisis

The smaller economies of Bangladesh, Nepal, and Sri Lanka continue to show optimism for their economies based on good remittance inflows and export indicators that demonstrate strong growth in 2008. Policymakers have used these statistics as evidence to believe that they have been relatively unaffected by the current global downturn.

Unfortunately, this optimism is based on 12 month averages and do not highlight the significant drop in exports between October and December 2008 with some countries approaching negative rates. Coupled with the potential challenges that lie ahead, none of the countries are immune to the adverse effect of the global slowdown and there’s no room for complacency.

To minimize the negative effects, countries are advised to take strong measures to improve fiscal space to stimulate the economy without jeopardizing macroeconomic stability; improve the quality of public expenditures; strengthen competitiveness to protect export markets; reform the banking sector; and improve the implementation of public programs. These measures are necessary to protect exports, income, and employment, especially as the global crisis deepens that will further hurt South Asia’s earnings from exports, remittances and tourism.

Please be encouraged to provide feedback or comment on any of the entries, go to the blog ‘End Poverty in South Asia’

This article is written by Majbritt Thomsen, administrator on ‘Views On Tourism’.

Be Sociable, Share!

Posted in Asia, Development, Performance and management.

0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

Some HTML is OK

or, reply to this post via trackback.