Features

Member Countries Start to Mainstream CAREC 2020 in National Development Programs

Five member countries of the Central Asia Regional Economic Cooperation (CAREC) Program have initiated discussion on mainstreaming CAREC 2020 into their national development programs. Azerbaijan, the Kyrgyz Republic, Mongolia, Turkmenistan, and Uzbekistan conducted in-country workshops in May 2012 to start this process, and to accelerate awareness-raising efforts of CAREC’s work.

Providing Electricity to Pakistan’s Remote Fishing Villages

The fisherfolk of the Indus Delta in Sindh Province finally have electricity to light up their homes, and their lives.

Developing Asia’s Growth to Ease at 6.9% in 2012

Asian Development Bank’s (ADB) flagship annual economic publication, Asian Development Outlook 2012 (ADO 2012), forecasts gross domestic product (GDP) growth in developing Asia at 6.9% in 2012, rising to 7.3% in 2013. GDP growth in 2011 stood at 7.2% after expanding 9.1% in 2010, as the region rebounded strongly from the global financial crisis.

Hairatan-Mazar-e-Sharif Railway Opens, Highlights Country-to-Country Cooperation

After a trial 75-kilometer journey, a train running from Hairatan at the border of Uzbekistan arrived at Afghanistan’s newly built Naibabad Station in the city of Mazar-e-Sharif on 21 December 2011. Although the seven-carriage train carried no cargo, it brought great opportunity for increased trade and cooperation between Afghanistan and its neighbors in Central Asia. […]

Central Asia and the New Silk Road: 12 Things to Know

The thriving east-west trade that once prospered along the famed Silk Road is slowly being restored to its former glory through transport and trade links being rolled out under the Central Asia Regional Economic Cooperation program. Here are 12 facts and figures on the New Silk Road.

Inner Mongolia Autonomous Region Gets $200 Million Loan for a New Railway Line

The People’s Republic of China (PRC) will receive a $200 million loan from the World Bank to help finance construction of the Zhangjiakou–Huhehaote (ZhangHu) Railway in Inner Mongolia Autonomous Region (Inner Mongolia).

Mongolia secures road investment program, driving growth and development

Mongolia has secured a road investment program loan from the Asian Development Bank (ADB) for road improvement: the Western Regional Road Corridor Investment Program will provide transport accessibility between district centers and the western regional road, reducing the region’s isolation and driving development in one of the country’s poorest areas.

Uzbekistan Receives $100 Million ADB Loan for Railway Electrification

The Asian Development Bank (ADB) will provide a $100 million loan to Uzbekistan to finance electrification of a 140-kilometer stretch of railway between Marakand in Samarkand Province and Karshi in Kashkadarya Province.

Hairatan-Mazar-e-Sharif railway opens, highlights country-to-country cooperation

After a trial 75-kilometer journey, a train running from Hairatan at the border of Uzbekistan arrived at Afghanistan’s newly built Naibabad Station in the city of Mazar-e-Sharif on 21 December 2011. Although the seven-carriage train carried no cargo, it brought great opportunity for increased trade and cooperation between Afghanistan and its neighbors in Central Asia.

ADB pledges $4.7 billion to CAREC 2020

The Asian Development Bank (ADB) has allocated $4.7 billion over the next 3 years to support the new 10-year strategy for the Central Asia Regional Economic Cooperation (CAREC) Program or CAREC 2020, and its goals of trade expansion and improved competitiveness.