This report was prepared under the overall direction and guidance of Armida Salsiah Alisjahbana, Under-Secretary- General of the United Nations and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP). Hongjoo Hahm, Deputy Executive Secretary, provided valuable advice and comments. The report was coordinated by a core team under the direction of Hamza Ali Malik, Director of the Macroeconomic Policy and Financing for Development Division. The core team, led by Oliver Paddison, included Jose Antonio Pedrosa-Garcia, Andrzej Bolesta, Yusuke Tateno and Naylin Oo.

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