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 […]
TAPI opts for self propulsion – Turkmenistan to lead consortium
nCa News and Commentary Ashgabat, 7 August 2015 (nCa) — In a historic choice Thursday, Turkmenistan decided to act as the consortium leader for TAPI, the pipeline project that will transport Turkmen gas to Pakistan and India through the territory of Afghanistan. During the 22nd meeting of the steering committee of TAPI, a ministerial level […]
TAPI technical group, steering committee to meet in Ashgabat
nCa News and Commentary Ashgabat, 5 July 2014 (nCa) — The Technical Working Group of TAPI (Turkmenistan-Afghanistan-Pakistan-India gas pipeline project) will meet in Ashgabat, 6-7 July 2014. This would be followed by the meeting of the Steering Committee, 8-18 July 2014. The agenda covers several important issues including the refining of the roadmap, creation of […]
Asia Must Take Radical Steps Towards Clean Energy: ADB President
MANILA, PHILIPPINES, 22 June 2011 — With an energy crisis looming, Asian Development Bank (ADB) President Haruhiko Kuroda today called on Asian nations to “take radical steps” to increase energy efficiency and invest in renewable energy. Asia and the Pacific’s strong economic growth and its increasing population are generating the world’s fastest growing demand for […]
$55 Million ADB Loan for CAREC Highway Linking Kyrgyz Republic and PRC
MANILA, PHILIPPINES, 8 June 2011 — The Asian Development Bank (ADB) has approved a $55 million loan to finance improvements to a key highway connecting the Kyrgyz Republic with the People’s Republic of China (PRC). The 60-km stretch to be reconstructed is part of the Central Asian Regional Economic Cooperation (CAREC) Program. The program covers […]
CAREC 2020: Boosting Trade, Transport and Energy in Central Asia
BAKU, AZERBAIJAN, 8 June 2011 — Senior officials from the 10 member countries of the Central Asia Regional Economic Cooperation (CAREC) Program, met today in Baku, Azerbaijan, and moved towards completing a strategic framework that over the next decade will help further develop regional transport networks, boost regional trade, and help secure reliable, efficient energy. […]