The ministers from Azerbaijan, the People’s Republic of China (PRC), Georgia, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan met at the 21st CAREC Ministerial Conference on 24 November. This year’s Ministerial Conference was chaired and hosted virtually by China under the theme Revitalizing Regional Cooperation for a Green, Sustainable, and Inclusive Recovery. Countries in […]
ADB supports projects in the transport and energy sector of Turkmenistan
Since 2000, ADB has allocated US$ 625 million for two investment projects in the energy and transport sectors and US$ 8 million in technical assistance grants for Turkmenistan. This was announced by ADB Country Director to Turkmenistan Artur Andrysiak during his remarks at the international conference “International economic cooperation of Turkmenistan: experience and prospects for...
Six Policy Reforms that can Strengthen Railways in Central Asia
Railways across the Central Asia Regional Economic Cooperation Program (CAREC) region must consider implementing key reforms that will make them more efficient and financially sustainable. A new study by the Asian Development Bank (ADB) assesses the state of CAREC railways and identifies opportunities for investment, commercialization, and reform. By implementing key reforms, railways across the...
How Trade via Rail in Central Asia Can Mitigate the Energy and Climate Crises
Zulfia Karimova, Principal Regional Cooperation Specialist, ADB In a world where 90% of global trade is moved by sea, the landlocked economies of Central Asia almost exclusively rely on rail and road transport for trade. Much of the long-distance cargo moves via existing rail networks, which have substantial potential to facilitate trade in the region...
ADB and Turkmenistan discuss cooperation in the fields of market diversification, energy and WTO accession support
On 30 July 2022, the Ministry of Finance and Economy of Turkmenistan hosted a meeting with the ADB Country Director for Turkmenistan Artur Andrysiak. The main purpose of the meeting was to discuss the prospects of bilateral cooperation. During the meeting, the minister for finance and economy of Turkmenistan Muhammetgeldy Serdarov noted that the partnership...
Trade costs on the rise in Asia and the Pacific, but cuts in red tape could help bend the trend
The high cost of trade in Asia and the Pacific continues to rise, but ongoing efforts to facilitate commerce will help keep goods flowing throughout the region, according to a new report by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Asian Development Bank (ADB). Economies in the...
CAREC Institute: How to increase COVID-19 vaccination trust in Central and West Asia
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...
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....
ADB: Wider Solar Power Use Critical for Asia
BANGKOK, THAILAND, 30 May 2011 – Asia must expand solar energy generation if the region is to stay on its strong economic growth path and reduce carbon emissions, Asian Development Bank (ADB) Vice-President (Operations 1) Xiaoyu Zhao said today. Mr. Zhao was speaking here at the opening of the 3rd meeting of the Asia Solar...