With South Asia Changing, Are Multilateral Development Banks Changing Fast Enough?
By SHRESTHA, Omkar, Principal Programs Specialist, The Asian Development Bank, Philippines Contact e-mail address: oshrestha@adb.org Plenary Session 13 Planning for Regional and Local Change The star performance of India and China is globally acknowledged. With Indias easing relations with China and Pakistan, history is offering South Asia a unique opportunity for economic prosperity. Indias trade with China is set to reach $20 billion (ahead of target date 2008) and $30 billion by 2010. Beijing and Shanghai now compete for Indias IT skill. By 2025, these two countries are projected to be among the worlds three top economies. The burgeoning trade relations between the two therefore will offer enormous opportunity to South Asia. Most other South Asian economies are also performing well. In such context, the scope for regional cooperation and cross-country projects become increasingly important. Land-locked Nepal suddenly could become a strategic transit country. Amidst these dramatic ch
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