Embedding Sustainability into the COVID recovery: A Primer for ASEAN Central Banks

This Policy Brief examines the possible role ASEAN central banks could play in ‘building back better’ from the COVID-19 pandemic, drawing on international examples of innovative action in both COVID-19 recovery and greening central bank activities.

This report synthesises best practice on the ‘greening’ of prudential and monetary policies and contextualises these into lessons that can be drawn on by ASEAN Central Banks as they rebuild from the economic impacts of COVID-19.

It highlights how such action supports central banks’ mandates of supporting financial stability, price stability and economic growth. This report illustrates the range of prudential and monetary tools available to central banks to pursue these goals and suggests possible priority areas for action in the short and medium term.