The IMF pointed out that digital technologies can increase the efficiency of the public and private sectors, expand financial inclusion and improve access to education. theSun theSundaily IMF digital technologies Asia boosting productivity
: Digital technologies can help boost productivity in Asian countries following the economic scars induced by Covid-19 pandemic measures and lucklustre productivity growth, reported Sputnik citing the International Monetary Fund in a blog on Monday.
The IMF pointed out that digital technologies can increase the efficiency of the public and private sectors, expand financial inclusion and improve access to education, but also provide opportunities for opening new markets whereby companies can serve distant customers. The IMF emphasised that a significant share of innovation has taken place in a broad range of Asian economy sectors, ranging from manufacturing automation to e-commerce platforms.
However, the IMF said reforms in support of innovation and digitalisation are necessary and urged governments to enhance their digital infrastructure in order to improve access to information and technology as well as provide digital literacy to meet employers’ demands.
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