The Asian Development Bank (ADB) has approved an additional $20 million for the SASEC Power System Expansion Project in Nepal, to be provided by the ADB Strategic Climate Fund. This additional financing will support installation of utility-scale solar photovoltaic systems by 2018. The Government of Nepal is also providing complementary funding of $24.5 million.
Tags: Energy, Nepal, Trade, Hydropower, ADB, SASEC, Climate Change, Renewable Energy, Sustainability, Regional Cooperation, Regional Integration, Solar Energy, India
Regional cooperation and integration can help improve cross-border connectivity, increase regional trade and investment, mobilize regional savings for regional investment, reduce macroeconomic vulnerability to shocks, facilitate cooperation in regional public goods, and improve the overall governance standards across the region. A commentary on regional integration in South Asia is shared.
Tags: Regional Cooperation, Regional Integration, Trade Facilitation, Trade
ADB supports efforts of the South Asian Association for Regional Cooperation to boost regional cooperation and integration through the idea of a South Asian Economic Union (SAEU). Read an analysis on the SAEU.
Tags: SAEU, SAARC, Regional Integration
A Seminar on South Asia Economic Union was conducted at the Asian Development Bank Headquarters on 9 April 2015. This South Asian Association for Regional Cooperation (SAARC) study was adopted at the 18th SAARC Summit in Kathmandu, Nepal in November 2014 and identified the need for closer regional economic integration among SAARC member countries.
Tags: SAARC, SAEU, Regional Integration
During Plenary Session 5 of the annual Confederation of Indian Industry Partnership Summit, Asian Development Bank (ADB) Vice President Wencai Zhang spoke on growth and cooperation in South Asia. He emphasized the benefits of regional cooperation and cross-border connectivity such as reduction in trade costs, efficiency, and participation in regional and global value chains.
Tags: India, Regional Cooperation, Regional Integration
The Asian Development Bank launched the latest Asian Economic Integration Monitor (AEIM) on 18 November 2014 in Manila, Philippines. AEIM is a semiannual review of Asia’s regional economic cooperation and integration, including the Pacific and its subregions. This issue includes the Theme Chapter: Regional Financial Integration in Asia and Europe – A Comparative Analysis.
Tags: Regional Integration, Asia-Pacific, Europe
The Validation Forum on Gender Dimensions of Regional Cooperation and Integration in South Asia, held on 28-29 October in ADB Headquarters, took stock of progress made in mainstreaming gender in multi-, regional, bilateral and country policies and legal frameworks.
Tags: Gender, Regional Cooperation, Regional Integration, Trade
Nepal Minister for Foreign Affairs Mahendra Bahadur Pandey paid official state visits to Heads of State and member country governments of the South Asian Association for Regional Cooperation (SAARC) – comprising Afghanistan, Bangladesh, Bhutan, India, the Maldives, Pakistan, and Sri Lanka – to personally submit Nepal Prime Minister Sushil Koirala's invitation letters for the 18th SAARC Summit.
Tags: SAARC, Regional Cooperation, Regional Integration
Data for Integration Indicators in the SASEC subregion have been updated to reflect trade figures from the Maldives and Sri Lanka, SASEC's newest members. Their inclusion boosts SASEC's intra-regional trade indicators and highlights the growing importance of regional trade. Data values for January-August 2013 were added.
Tags: Trade, Regional Integration, Maldives, Sri Lanka
May 2014 June 2012 June 2012 May 2012 April 2012
During the Bilateral Interconnection Agreement Meeting held on 25-27 April 2012 in Manila major telecommunication providers from SASEC countries signed agreements for the direct peering and exchange of internet traffic through high speed fiber-optic links to be built under the Information Highway.
Tags: ADB, Bangladesh, Bhutan, ICT, Nepal, Regional Integration