News

Turkmenistan and Pakistan join CAREC as Central Asia partnership looks to 2020

Ministers at the 9th Ministerial Conference of the Central Asia Regional Economic Cooperation (CAREC) Program welcomed the accession of two new members - Turkmenistan and Pakistan. This is a special event, consolidating the CAREC partnership and its work in transport, trade facilitation, and trade policy.

Expanding CAREC takes stock of a decade of cooperation

The Central Asia Regional Economic Cooperation (CAREC) Program is holding its 9th Ministerial Conference (MC) as member countries take stock of a partnership that is laying the groundwork for a truly integrated and globally connected region.

World Bank provides additional financing to the National Road Rehabilitation Project in the Kyrgyz Republic

The World Bank’s Board of Directors approved Additional Financing in the total amount of $10 million to support the on-going National Road Rehabilitation (Osh-Batken-Isfana) Project in the Kyrgyz Republic.

World Bank continues to support Pakistan’s productive highway network

The World Bank approved a credit worth $130 million in additional financing for the Pakistan Highway Rehabilitation Project to continue revitalizing and modernizing Pakistan’s highway system.

Kazakhstan to get $800 million from ADB to improve roads, boost regional trade

The Asian Development Bank (ADB) is extending a loan facility of up to $800 million to Kazakhstan to upgrade roads and boost transit trade along a key Central Asia transport corridor.

World Bank helps improve roads in Azerbaijan

The World Bank approved a $70 million equivalent IDA Credit and a $171.6 million IBRD Loan to the Republic of Azerbaijan for the Third Highway Project. This project will improve safety and efficiency of the Baku – Shamakhi road by upgrading it from two to four lanes, and will strengthen management of the nascent motorway network.

ADB allocates more funds for Afghanistan reconstruction

The Asian Development Bank (ADB) will provide more grant funds to Afghanistan to support essential reconstruction work and economic development.

ADB president inaugurates rail line linking Afghanistan to Central Asia

Asian Development Bank President Haruhiko Kuroda inaugurated a 75-kilometer stretch of railway line that connects the Afghan city of Mazar-e-Sharif to the country's bustling northern border with Uzbekistan.

CAREC program helping bolster regional ties in Central Asia: ADB

Expanding transport, energy and trade links through regional cooperation to boost growth among the members of the Central Asia Regional Economic Cooperation (CAREC) community was highlighted at a seminar at ADB's 43rd Annual Meeting in Tashkent.

ADB to provide $600 million to improve key Uzbekistan road corridor

A key highway in Uzbekistan linking the Central Asian country to its neighbors is getting support from a $600 million Asian Development Bank (ADB) multitranche financing facility.