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This second volume of the Asia Small and Medium-Sized Enterprise Monitor (ASM) focuses on the impact of the coronavirus disease (COVID-19) on micro, small, and medium-sized enterprises (MSMEs) in developing Asia. It presents a study based on findings from rapid MSME surveys conducted from March to May 2020 in Indonesia, the Lao People's Democratic Republic, the Philippines, and Thailand. The ASM is a knowledge-sharing product series developed as a key resource for MSME development policies in Asia and the Pacific.