ADB's Focus on Regional Cooperation and Integration (RCI)
In the Spotlight
The Greater Mekong Subregion countries have made stunning progress over the past quarter century. Once plagued by poverty, they are now economic success stories.
The final leg of the 813-kilometer North-South Corridor from Kunming in southern People’s Republic of China to Hai Phong, Viet Nam, was upgraded in 2014. People and goods now flow freely all along the route.
The Central Asia Regional Economic Cooperation, or CAREC, 2030 strategy is a new long-term framework for the program inspired by a mission to create an open and inclusive platform that connects people, policies and projects.
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.