Why in News?
The UN Economic and Social Survey of Asia and the Pacific 2018, the annual report from the UN Economic and Social Commission for Asia and the Pacific was launched recently.
FACTS FOR PRELIMS
About the Report
The Economic and Social Survey of Asia and the Pacific 2018 contains an examination of how Governments of countries in the Asia-Pacific region could increase domestic public financial resources and leverage private capital to strengthen their long-term economic prospects.
It contains estimates on how much additional finance countries may mobilize from such measures as reforms in tax administration or tax incentives, introduction of carbon taxes, prudent sovereign borrowing from financial markets and creation of an enabling environment for public-private partnerships.
UN Economic and Social Commission for Asia and the Pacific
The Economic and Social Commission for Asia and the Pacific (UNESCAP or ESCAP), located in Bangkok, Thailand, is one of the five regional commissions of the United Nations Economic and Social Council, under the administrative direction of the United Nations headquarters.
It was established in 1947 to encourage economic cooperation among its member states.
Made up of 53 Member States and 9 Associate Members, with a geographical scope that stretches from Turkey in the west to the Pacific island nation of Kiribati in the east, and from the Russian Federation in the north to New Zealand in the south.
ESCAP works to overcome some of the region’s greatest challenges by providing results-oriented projects, technical assistance and capacity building to member States in the following areas:
i)Macroeconomic Policy, Poverty Reduction and Financing for ii)Development
iii)Trade, Investment and Innovation
v)Environment and Development
vi)Information and Communications Technology and Disaster vii)Risk Reduction
x)Subregional activities for development