Asia Regional Integration Center

Remittance inflows to Asia and the Pacific displayed resilience despite the pandemic, propping up limited fiscal space and providing a lifeline to many affected households in the region. Several factors have contributed to this, as explained in Chapter 5 of the AEIR 2022.

Strong recovery in merchandise trade and improved FDI inflows mirror the resilience and attractiveness of Asia and the Pacific and its stronger economic growth prospects. Chapter 1 of AEIR 2022 discusses in greater detail.

A travel bubble is an agreement between two or more countries to open their borders to visitors from a partner economy (or economies).

The volume of total trade and the number of international visitors between prospective partners are key factors in establishing a travel bubble.

ADB's engagement with global and regional partners and organizations is key in reviving interest and confidence in travel and tourism.

As the COVID-19 pandemic increases food security risks in Asia and the Pacific, this challenge also calls for a bolder role for policy and regional cooperation, as featured in ADB Briefs No. 139.