Asian Development Bank
Despite slow progress on public infrastructure projects and falling gross foreign reserves, the Maldives is continuing to forecast strong growth as long as political problems don't get in the way. While South Asian economies showed strong GDP growth in recent years, growth in 2019 ended up being lower than expected. The risk profile for most South Asian nations is assessed to be low, as they are commodity importing and their growth is forecasted to be driven by domestic demand. Risk primarily remains dependent on domestic factors and can be mitigated at the individual level in a timely manner. The Center is aimed at strengthening the collective response of ASEAN states to regional disasters. On 17 November, Brazil acceded to the Treaty of Amity and Cooperation in Southeast Asia, making it the first Latin American country to do so. The EAS released a statement on non-proliferation, emphasizing the importance of advancing the goals of all three pillars of the Treaty on the Non-Pro...