ADB's Focus on Regional Cooperation and Integration (RCI)
In the Spotlight
Important changes are underway for Southeast Asia’s relationship with its biggest trading partner, the People’s Republic of China.
ADB President Mr. Takehiko Nakao today reaffirmed ADB’s support for two subregional development initiatives—the Indonesia–Malaysia–Thailand Growth Triangle (IMT–GT) and the Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP–EAGA).
Not only is Central Asia a center of origin, it is a recognized global diversity hotspot. More than 8000 plant species grow in five members of the Central Asia Regional Economic Cooperation (CAREC) alone. How does one take advantage of this enormous supply opportunity? One obvious answer is to sell these products abroad. This means ensuring they are acceptable in foreign markets. Learn more
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.