United Nations Information Centre
cordially invites you to the
Sub-regional Media launch of
Economic and Social Survey of Asia and the Pacific – 2014
Ways to mobilize resources for sustainable development
at 10 a.m. on Tuesday, 30 September 2014
Seminar Hall No. 2, 1st floor, Kamala Devi Block (New Building)
India International Centre, 40 Lodi Estate, New Delhi
Video message from Dr. Shamshad Akhtar, Executive Secretary, ESCAP
Dr. Nagesh Kumar, Head, ESCAP South and South-West Asia Office
Dr. Alok Sheel, Secretary, Economic Advisory Council to the Prime Minister
Professor N.R. Bhanumurthy, National Institute of Public Finance and Policy
As Asia-Pacific economies are experiencing yet another year of subdued growth, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) is calling for the removal of domestic structural constraints and the unlocking of fiscal space to help stimulate growth and support social development.
Structural constraints, such as infrastructure and development deficits, along with external challenges, are keeping the region from realizing its economic potential, according to the Economic and Social Survey of Asia and the Pacific 2014, the annual flagship publication of ESCAP which is the most comprehensive and oldest annual review of economic and social development in the region.
With constrained growth prospects, productive and countercyclical government spending is critical in supporting inclusive growth and sustainable development. One of the most pressing issues for any country determined to invest in development is to raise the necessary resources, the Survey notes, which explores various options of mobilizing domestic resources, with a particular focus on tax revenues.
Growth in South and South-West Asia is forecast at 4.7 per cent in 2014, from 3.9 per cent last year, according to the Survey. India is projected to grow at 5.5 per cent in 2014, compared with 4.7 in 2013.
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