ADB adopted a strategy to guide its work with developing Asian nations on regional cooperation and integration (RCI) on 25 July 2006. The strategy is designed to support ADB's overarching goal of poverty reduction through regional collective actions that lead to greater physical connectivity; expansion of trade and investment; development of financial systems and macroeconomic and financial stability; and improved environmental, health, and social conditions. The RCI strategy aims to build and deepen integration in four interrelated pillars:
- regional and subregional programs on cross-border infrastructure and related software
- trade and investment
- money and finance
- regional public goods such as prevention of communicable diseases and environmental degradation.
The strategy lays out the options and means of achieving the objectives and goals established in the Regional Cooperation Policy (RCP, 1994), Poverty Reduction Strategy (PRS, 1999), Private Sector Development Strategy (PSDS, 2000), Long-Term Strategy Framework (LTSF, 2001), ADB's commitment to Millennium Development Goals, (MDG, 2002), and Medium-Term Strategy II (MTS II, 2006).
- Executive Summary
- Background and Objective
- ADB's Regional Cooperation and Integration Strategy; Four Interrelated Pillars
- Operational and Resource Implications