Population aging is a global phenomenon but what sets Asia apart is the sheer scale and speed of its aging. Pension …

Our previous assessment of debt sustainability in developing Asia, conducted in 2011, found that the region's fiscal … outlook was mostly benign. In this study we update the debt sustainability assessment, taking stock of the latest data and … forecasts and the underlying macroeconomic assumptions. By and large, we find that standard debt sustainability analysis (DSA …

The central objective of this paper is to empirically examine the issue of fiscal sustainability in developing Asia. To … manner may jeopardize fiscal sustainability, bolstering the case for strong medium-term fiscal policy frameworks …

The paper explores risk-based fiscal analytical approaches to complement a standard debt sustainability analysis when … applied under conditions of risk and uncertainty. To outline a possible road map for risk-adjusted fiscal sustainability … analysis, the paper first examines the types of vulnerability faced by different emerging economies in Asia and reviews a range …

implications for Asia which, despite being the new engine of growth to the world economy, continues to be challenged by the … persistent gap between developments in its financial and real sectors. This paper examines how Asia's financial and economic …, and shallow regional financial markets. The situation compromises Asia's ability to respond to the financial needs of its …

. An overwhelming response across Asia as international oil prices spiked in 2008 was to shield domestic consumers more …. Additionally, in combination with lower growth rates, higher spending to rev up demand across Asia is also worsening the fiscal …

One of developing Asia's foremost structural economic challenges is the need to rebalance demand and growth toward … developing Asia was weaker than that for the rest of the sample. This implies that the aging population may not be contributing …

Asia as a whole is experiencing a rapid demographic transition toward older populations, though different countries are … at different stages of this region wide trend. We document Asia's aging population, describe the region's old-age support … these two challenges will be vital for ensuring Asia's continued economic success in the medium and long term …

We describe the complex support systems in Asia and highlight their importance for economic growth and fiscal … sustainability. Familial transfers for old age support are significant in many Asian economies, though their extent varies quite …

issue of growing importance throughout Asia. This is especially true in East Asia and Southeast Asia where the demographic …, inadequate benefits, lack of financial sustainability, and insufficient support for the elderly poor. The paper concludes with …