"The volume highlights the need for decisive and comprehensive policy action to help manage NPLs swiftly. It explores the legal and economic conditions conducive to NPL resolution, the role of asset management companies, the potential of technological solutions, and the importance of regional financial cooperation. It provides insights to help policy makers chart a course through the financial and economic fallout of the coronavirus disease (COVID-19) pandemic to recovery and sustained financial stability in Asia, Europe, and beyond. The publication is a collaborative project of the Asian Development Bank and the European Central Bank."

The material is prepared by the ADB in English language. Click here to access the full version.

Source: ADB

Illustration: Michael Cortes/Relisa Granovskaya/Lester Ledesma/Ariel Javellana