ADB's Focus on Regional Cooperation and Integration (RCI)
In the Spotlight
The pandemic provides an opportunity for regional financial cooperation on reforms to make Asian banks more resilient to crises.
The Asia Pacific region is standing together to cooperate regionally to address the transnational threat posed by the COVID-19 pandemic.
The March 2020 issue of ADB’s Asia Bond Monitor details how the COVID-19 pandemic and deepening global economic uncertainty are weighing heavily on local currency bond markets of the emerging East Asian economies of the People’s Republic of China; Hong Kong, China; Indonesia; the Republic of Korea; Malaysia; the Philippines; Singapore; Thailand; and Viet Nam. Read the report
Arjun Goswami, who leads ADB’s Thematic Group on Regional Cooperation and Integration, explains the bank’s approach to Regional Cooperation and Integration (RCI). Watch the interview
Regional cooperation and integration (RCI) is a process by which national economies become more interconnected regionally. RCI plays a critical role in accelerating economic growth, reducing poverty and economic disparity, raising productivity and employment, and strengthening institutions. It narrows development gaps between ADB’s developing member countries (DMCs) by building closer trade integration, intraregional supply chains, and stronger financial links, enabling slow-moving economies to speed their own expansion.