News

World Bank Group launches new partnership strategy for Tajikistan

The World Bank’s Board of Executive Directors discussed a new Country Partnership Strategy For Tajikistan that will guide the support of the World Bank and International Finance Corporation to the country in 2015-2018.

ADB project helps Tajikistan maintain vital link to Uzbekistan

The soon-to-be-completed road from Dushanbe’s Western Gate to the Uzbekistan border will provide a vital connection between Tajikistan and its neighbors and key piece of the Central Asia Regional Economic Cooperation (CAREC) Corridor 3 that spans almost 7,000 kilometers from the Russian Federation in the north to the Persian Gulf in the south.

The CAREC Corridors – Linking the Russian Federation with South Asia and the Middle East

In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 3 connects the Russian Federation to South Asia and the Middle East, running through six of CAREC’s member countries.

Connectivity, regional cooperation key to growth in Central Asia and beyond

Connectivity and regional cooperation remain critical to sustained economic growth, an Asian Development Bank (ADB) seminar heard today. The seminar, Links to Prosperity: Connectivity, Trade and Growth in Developing Asia, took place at ADB’s 47th Annual Meeting of the Board of Governors in Astana.

Landmark cofinancing accord signed by ADB and Kazakhstan

Asian Development Bank (ADB) President Takehiko Nakao signed a groundbreaking cofinancing framework with Kazakhstan Prime Minister Karim Massimov at the opening ceremony of ADB’s 47th Annual Meeting .

The CAREC Corridors – Linking the Mediterranean and East Asia

In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 2 links East Asia to the Mediterranean and southern Europe - with trade expanding in recent years following the implementation of the People’s Republic of China’s “go west” policy.

North-South railway project aiming for completion late this year

The Asian Development Bank fielded a mission to Turkmenistan to review the implementation progress of the North-South Railway Project, the organization’s first-ever lending intervention in the country.

The CAREC Corridors – Linking Europe and East Asia

In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 1 - the most active of the six - links Europe to East Asia, traversing the Russian Federation border to the People’s Republic of China via Kazakhstan and the Kyrgyz Republic.

New World Bank project to increase regional transport connectivity in Central Asia

The World Bank Group’s Board of Executive Directors approved an allocation of $45 million equivalent to finance the first phase of the transformative Central Asia Roads Links Program, to be implemented in the Kyrgyz Republic in 2014-2019.

Up to $2.5 trillion needed for South Asia infrastructure – World Bank

South Asia needs to spend as much as $2.5 trillion on infrastructure by 2020 to bring its power grids, roads and water supplies up to the standard needed to serve its growing population, a World Bank report says.