South Asia has posted strong economic growth in recent years and has increased its share of the world output from 4.4% in 1997 to almost 6% in 2008. However, South Asia is not the only region with the largest number of people living below the poverty line; it is also the least integrated region in Asia with only 5.5% of intra-regional trade share in 2008. Furthermore, the recent uncertainties caused by various shocks including climate change , spike in food prices, volatile energy prices, and the global economic crisis have challenged the growth potential and have adversely impacted the lives of the region's poor. Increased regional cooperation in South Asia and beyond, particularly increased regional connectivity, allows for inclusive growth by producing increased access to markets, goods, and services across borders.
Latest Project Documents
|Support for South Asia Regional Economic Cooperation||Mar 2013|
|Support for South Asia Regional Economic Cooperation||Jan 2010|
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