How Can Regional Cooperation Support South Asia’s COVID-19 recovery?

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How Can Regional Cooperation Support South Asia’s COVID-19 recovery?

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Regional integration, cooperation, and engagement can produce significant gains across South Asia. Intra-regional trade, for instance, stands at only a third of its potential with an estimated gap of $23 billion. Cooperation in energy between Bangladesh, Bhutan, India, and Nepal could lead to savings of $17 billion. Transporting goods across the region can cost up to 50 percent more than within the OECD countries. As South Asia grapples with the economic impact of COVID-19, it has an opportunity to strengthen regional institutions, improve regional infrastructure and connectivity, advance trade policy, and develop cross-border solutions to shared problems

The One South Asia webinar series is part of the World Bank’s updated regional integration, cooperation, and engagement strategy for South Asia that focuses on enabling economic connectivity, reducing vulnerabilities, and investing in human capital.

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