Macroeconomic Policy and Financing for Development
ESCAP promotes development-oriented macroeconomic policies that focus on productive employment and growth while maintaining reasonable macroeconomic stability. It emphasizes the need to consider the distributional consequences of macroeconomic policies and to overcome structural impediments. We design policies to enhance domestic resource mobilization, promote economic diversification and boost productive capacities through, among other things, fiscal expenditure prioritization and inclusive finance for development.
ESCAP emphasizes a strategy for regional cooperation and integration for narrowing development gaps among member States. We provide advisory services to member States to take opportunities for a broader integrated regional market and financial cooperation that is comprehensive and creates a space for balancing economic, social and environmental goals.
ESCAP supports the least developed countries, landlocked developing countries and small island developing states in closing their development gaps through the regional implementation of the Istanbul Programme of Action, Almaty Programme of Action and Mauritius Strategy, in close collaboration with other United Nations agencies, regional development partners and national institutions. It also supports the implementation of the Millennium Development Goals and other internationally agreed development goals and the articulation of the post-2105 development agenda through the preparation and dissemination of knowledge products and advocacy outreach. ESCAP provides capacity and technical assistance to these countries in implementing development programmes at the regional and national levels and accelerating their development process.