Elvira Kadyrova Virtual high-level session of CAREC Program at the 53rd Asian Development Bank (ADB) Annual General Meeting, which took place on 17 Sep, highlighted the benefits of better integration and policy harmonization for proceeding in post-Covid world. Heads and deputies of economy and finance ministries and departments of Afghanistan, Azerbaijan, Uzbekistan, Tajikistan, Turkmenistan, Kazakhstan, […]
ADB: Five Things to Know – Trends in Road and Railway Trade Efficiency in Central Asia
Samarkand city railway station. Photo: Relisa Granovskaya/ADB The efficient trade of goods across international borders is key to economic growth and poverty alleviation. This is particularly important in largely landlocked Central Asia where road and rail represent the two dominant modes of transporting goods across the region. Using data from shipments collected over the past […]
Turkmenistan Receives ADB-Funded Supplies to Stem COVID-19
Asian Development Bank funded diagnostic and laboratory supplies were provided to Turkmenistan’s health authorities on July 2020. The $300000-worth supplies comprising reagents and other testing items will contribute to the country’s response to COVID-19. ADB is supporting its developing members in responding to the COVID-19 outbreak through finance, knowledge and partnerships. /// nCa, 11 August […]
ADB’s financial support to alleviate the Covid-19 economic shock for small businesses and most vulnerable segments in two Central Asian countries
Elvira Kadyrova Women manage or own 42% and 40% of SMEs in Kazakhstan and Uzbekistan, correspondingly. The Asian Development Bank has approved a $ 1 billion assistance package for Kazakhstan and US $ 500 million loan for Uzbekistan. The funds are intended to mitigate the social and economic impact and COVID-19 caused burden on the […]
ADB expects deceleration in Central Asian economies amid continued Covid-19 crisis
Elvira Kadyrova ADB has published the supplement to its annual flagman economic report titled “Asian Development Outlook 2020 Supplement: Lockdown, Loosening, and Asia’s Growth Prospects”. The last Asian Development Outlook 2020 was released early April. So far, the number of COVID-19 cases worldwide has grown from less than 1 million to over 7 million. The […]
From macroeconomic policy dialogue to education: ADB President Nakao highlighted regional priorities under CAREC
Elvira Kadyrova “Under Strategy 2030, ADB will enhance connectivity and competitiveness, promote regional public goods, strengthen cooperation in the financial sector, and support subregional initiatives such as CAREC”, stated President of Asian Development Bank Takehiko Nakao during his opening address Thursday (14 Nov) at the 18th CAREC Ministerial Conference Cooperation in Tashkent. He emphasized that […]
ADB Vice President Visits Uzbekistan
TASHKENT, UZBEKISTAN (19 April 2019) — Asian Development Bank (ADB) Vice-President Mr. Shixin Chen has commended the government on its reform agenda and its management of the country’s transformation to a market-based economy during a 4-day visit to Uzbekistan from 16 to 19 April. Mr. Chen, who took office at ADB in December 2018 and […]
ADB forecasts moderate growth in Central Asia in near-term outlook
Elvira Kadyrova The growth in Central Asian will decelerate in 2019 after pick up in 2018, according to Asian Development Outlook-2019, ADB’s flagship report. Average growth in the sub-region [comprising Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan] rose from 4.2% in 2017 to 4.4% last year is projected to slow down […]
Panel discussion reveals solid successes of TAPI – Part 4
Ashgabat, 7 Nov—In the part 2 of this ongoing series (published in the Bulletin on 6 Nov) we misconstrued and inadequately reported the remarks of Cevdet Denizer, the country director in Turkmenistan of ADB. Here is the correct position, as received from ADB: “ADB has been involved in the project going back to 2003 when […]
Panel discussion reveals solid successes of TAPI – Part 1
nCa Report Ashgabat, 4 November 2017 (nCa) — The panel discussion was visibly convincing – as soon as it ended, the people who matter in the natural gas upstream and construction sector started lining up to hand their calling cards to the panelists and putting in a few words about what they can do for […]