News

Development partners commit to support CAREC 2020

Ministers and senior representatives of development agencies met in Baku, Azerbaijan to discuss support for the new 10-year strategy for the Central Asia Regional Economic Cooperation (CAREC) Program.

Regional cooperation on track as CAREC endorses 10-year strategy

Ministers from the 10-country Central Asia Regional Economic Cooperation (CAREC) Program endorsed CAREC 2020, a framework for intensified regional cooperation that promises to build on the program's first decade of achievement.

ADB, EBRD strengthen ties in Caucasus and Central Asia

The Asian Development Bank (ADB) and the European Bank for Reconstruction and Development (EBRD) have agreed to work more closely on a range of projects to build capacity and promote public private partnerships across the Caucasus and Central Asia.

CAREC ministers celebrate a decade of cooperation

Next week in Baku, Azerbaijan, ministers from 10 countries spanning the Caucuses, and Central, East and South Asia will gather to mark a decade of achievement, including $17 billion of investments in energy, trade and transportation under the Central Asia Regional Economic Cooperation (CAREC) Program.

EBRD and Kazakhstan support emergency response for oil and gas operations

The European Bank for Reconstruction and Development has teamed up with Kazakhstan’s Ministry for Emergency Situations with an agreement to develop large-scale emergency response capacity for offshore oil & gas projects, modernize crisis management centers, and develop effective international emergency coordination.

ADB-funded Uzbekistan rail project to accelerate regional trade

The Asian Development Bank (ADB) is extending $100 million to upgrade a key railway in Uzbekistan which will stimulate local growth and boost regional trade.

ADB adds $754 million to infrastructure projects in Afghan road and rail sector

The Asian Development Bank (ADB) has approved $754 million in assistance to rebuild Afghanistan's shattered road and rail network, bringing to more than $1.7 billion the amount it has contributed to reconstruction of the country's infrastructure over the past decade.

ADB funds smart electricity meters to boost energy efficiency in Uzbekistan

The Asian Development Bank (ADB) is financing 'smart' electricity meters for Uzbekistan to help the energy-intensive Central Asian nation use its power resources more efficiently.

Afghanistan Joins Tajikistan, Kyrgyz Republic cross-border transport accord

Afghanistan, Kyrgyz Republic and Tajikistan have finalized an agreement that will allow Afghanistan to take part in a cross-border transport accord recently ratified by the two Central Asian countries.

ADB $500 million investment program aids Uzbekistan’s push for increased trade, growth

The Asian Development Bank (ADB) is providing a multitranche financing facility of up to $500 million to help Uzbekistan reconstruct around 230 kilometers of poor quality roads, which will improve road connectivity and safety, and boost trade along a key regional transport corridor linking Asia to Europe.