The ADB Brief finds that the trade finance gap has grown, with more companies unable to find the financing they need to trade their goods. This may have exacerbated the sharp drop-off in trade during the pandemic and will make a recovery more difficult. Read more.
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The Asia Regional Integration Center (ARIC) is an ongoing technical assistance project of the Economic Research and Regional Cooperation Department (ERCD). Following the 1997/98 Asian financial crisis and the contagion evident around the region, ADB was asked to use its knowledge-based expertise to help monitor the recovery and report objectively on potential vulnerabilities and policy solutions. With the ASEAN+3 process just starting, ADB provided technical assistance beginning in 1999—to create the Asia Recovery Information Center, the precursor to ARIC.
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