“Financing an Inclusive and Green future: A Supportive
Financial System and Green Growth for Achieving the Millennium Development
Goals in Asia and the Pacific”
Citation: ESCAP. 2010. Financing an Inclusive and Green future: A
Supportive Financial System and Green Growth for Achieving the Millennium
Development Goals in Asia and the Pacific. ESCAP, Bangkok.
Abstract: The Asia-Pacific region has made
significant progress towards the Millennium Development Goals (MDGs). But the
region’s achievements were undermined by the 2008 financial and economic crisis
that originated in the developed countries but had its fallout on the region
through its adverse impacts on the region’s exports, jobs, incomes, and
reversal of capital flows. The crisis has also demonstrated that the
Asia-Pacific region must rebalance itself and in future be more
self-sustaining. Indeed, this represents a major opportunity to invest in
itself. This report considers the supportive financial systems that countries
in Asia and the Pacific will need to promote growth that is both inclusive and
sustainable – “green growth” that will help them achieve the Millennium
Development Goals while also stewarding the region’s natural resources for
future generations.