News

CAREC countries seek trade expansion through regional cooperation

The eight countries of the Central Asian Regional Economic Cooperation (CAREC) Program agreed on a Trade Policy Strategic Action Plan (TPSAP) to expand trade through regional cooperation.

ADB providing CAREC $4.5 million to improve research and training coordination

The Asian Development Bank is providing $4.5 million to foster closer cooperation among participating countries of the Central Asia Regional Economic Cooperation (CAREC) by establishing a virtual institute that will coordinate research, training, and dialogue within the regional organization.

Project Result/Case Study: Building Roads, Changing Lives

Decades of conflict destroyed much of Afghanistan's physical infrastructure, including its road network. Rehabilitation and upgrading of the country's roads and highways is improving access to markets, enabling private investment, and expanding foreign trade - all key to Afghanistan's further economic progress.

ADB extends $3M grant to facilitate trade in Central Asia

The Asian Development Bank is providing a $3 million grant to facilitate trade among member nations of the Central Asia Regional Economic Cooperation as part of efforts to promote sustained economic progress across the region

ADB assists in rehabilitation of road network in Central Asia to foster trade

he Asian Development Bank (ADB) is providing financial assistance to rehabilitate a key regional road network to reduce transport costs and foster trade and cooperation among Kyrgyz Republic, Tajikistan, other Central Asian nations, and neighboring People's Republic of China (PRC).

ADB: Regional cooperation essential to economic growth in Central Asia

Central Asian countries must work together to remove barriers hampering trade and improve roads and other infrastructure if the region is to maintain its rapid economic growth, a senior Asian Development Bank (ADB) official said ahead of a regional cooperation meeting.

Central Asia set to take major step forward in regional cooperation

Eight member countries of the Central Asia Regional Economic Cooperation (CAREC) program will discuss ways to deepen interaction and integrate more effectively with world markets in a meeting in Tajikistan .

Kyrgyz Republic, development partners cooperating to ensure sustainable growth

The Kyrgyz Republic and several development partners, including the Asian Development Bank (ADB) have agreed on a Joint Country Support Strategy for 2007-2010 that will aim at a high and sustainable economic growth for the Central Asian nation amid challenges brought about by political instability and geographical barriers.

ADB promoting increased flow of transit and trade in Afghanistan

ADB will help improve the environment for international trade and transit in Afghanistan through a grant of US$1.2 million to enhance the Government's handling of customs and trade facilitation.

Ministers adopt action plan to accelerate regional cooperation in Central Asia

Ministers from eight Central Asian and neighboring countries adopted a Comprehensive Action Plan to strengthen the momentum and increase the benefits of regional cooperation.