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Asia may have survived the 2008 global economic crisis, but it’s not out of the woods yet. Here are five things the region’s financial systems must address to withstand the next big shock.

There is a need to ensure that senior high school students are able to make optimal choices by providing them access to various senior high school tracks.

Students need not just career guidance but also practical information on the enrollment process and available financial assistance programs.

Policy challenges include the shift in financial intermediation away from traditional banks toward digital finance providers.

The pandemic is an opportunity for the country to push for longer-term structural reforms.

Solutions include lowering statutory maximum lending rates, expanding policy financing and mid-rate loans, increasing loans and loan guarantees.

Global harmonized digital identities for companies could have a profound impact on trade worldwide.

Understand and address the needs of vulnerable young workers and entrepreneurs as part of COVID-19 measures.

Seoul established a quasi-public bus system, restructured routes, created median lanes, built transfer centers, and integrated its fare system to improve service.

In easing the debt burden of economically vulnerable groups, measures should be taken to prevent creditor resistance and moral hazard among borrowers.