As one of the world’s largest multilateral development agencies, present in over 170 countries and territories, UNDP is on the frontlines of anticipating, understanding and acting on today’s opportunities and risks.
The rapid assessment aimed to understand the extent and nature of impact of the COVID-19 crisis in the Maldives and support timely economic recovery planning. The first phase of the assessment explored the impact of the crisis on employment in the tourism sector.
This position note explains the need to align macro-level and micro-level policies to avoid massive climate change and explores specific policy instruments to do so. It stresses that a globally stable solution requires a critical mass of actors and “changing the rules of the game”. It notes that the choice we face is whether we take action at still relatively low cost and while the severe effects are still reversible, or act only later at much higher cost and when room for maneuver is severely diminished.
The COVID-19 crisis and its widespread impacts demonstrate the need to reform current social security systems in Asia. It is essential that countries build modern, comprehensive and universal systems that can effectively reduce poverty and inequality, and are more effective in tackling large-scale shocks.