Elvira Kadyrova Since the WHO’s declaring Covid-19 pandemic, more than 1.6 billion doses of vaccine has been administered worldwide. The data give hope that the collective immunity developed as a result of immunization will stop the terrible virus. However, according to a CAREC Institute research survey conducted in Georgia, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, […]
Role of Turkmenistan in preparing Afghanistan for economic remake – Part 5
Tariq Saeedi The economic remake of Afghanistan, the central piece of which is the TAPI Corridor, cannot take place without solid and consistent financial support. The support doesn’t just comprise of monetary resources. It is perhaps even more important to make sure that the resources are spent in a transparent and most efficient manner. ADB […]
ADB President called CAREC countries for enhancing private sector and embracing digitalization to strengthen post-pandemic recovery
Elvira Kadyrova The CAREC region must strengthen digital connectivity and the use of digital technologies, so that regional and global initiatives can expand their reach, said ADB President Masatsugu Asakawa in his keynote address, welcoming the 19th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference on 7 December 2020. “There is also huge potential for […]
ADB’s grant to enhance electricity import and power supply in Afghanistan
Elvira Kadyrova The Asian Development Bank (ADB) today approved a $110 million grant to boost power supply and strengthen Afghanistan’s energy sector by improving its sustainability and promoting cross-border energy supplies from main Central Asian Suppliers. The project will facilitate the Afghan system’s synchronous operation with the Uzbek system and the Central Asia Power System […]
How does the COVID-19 shape CAREC’s future?
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 […]