Opinion-Editorial NEWS

The growing number and share of older persons in Asia and the Pacific represent success stories of declining fertility and increasing longevity; the result of advances in social and economic development. This demographic transition is taking place against the backdrop of the accelerating Fourth Industrial Revolution. But COVID-19, with its epicenter now in Asia and the Pacific, has exacerbated the suffering of older persons in vulnerable situations and demonstrated the fragility of this progress.

Over the past two decades, the Asia-Pacific region has made remarkable progress in managing disaster risk. But countries can never let down their guard. The COVID-19 pandemic, with its epicentre now in Asia, and all its tragic consequences, has exposed the frailties of human societies in the face of powerful natural forces. As of mid-August 2021, Asian and Pacific countries had reported 65 million confirmed coronavirus cases and more than one million deaths. This is compounded by the extreme climate events which are affecting the entire world. Despite the varying contexts across geographic zones, the climate change connection is evident as floods swept across parts of China, India and Western Europe, while heatwaves and fires raged in parts of North America, Southern Europe and Asia.

As the socio-economic impacts of the COVID-19 pandemic spread across the length and breadth of Asia and the Pacific, finance ministries are continuing their relentless efforts to inject trillions of dollars for emergency health responses and fiscal packages. With continued lockdown measures and restricted borders, economic rebound seems uncertain.