The Kyrgyz Republic in CAREC
- The Kyrgyz Republic joined CAREC in 1997
- Since 2001, $774 million has been invested in transport, trade, and energy
- 17 ongoing CAREC projects
- 4 completed CAREC projects
ADB helps complete Bishkek-Osh Road as key regional link
The Asian Development Bank (ADB) and the Kyrgyz Republic government have signed a financing agreement to implement the reconstruction of a section of the Bishkek-Osh road that will strengthen national and regional connectivity and promote inclusive growth.
Located in the northeast of Central Asia among the peaks and valleys of the Tien Shan mountain range, the Kyrgyz Republic is a multicultural trading center between Europe and Asia. The country has more than 80 ethnic groups, reflecting a rich heritage that links east and west by way of the Silk Road.
Highlights from the Asian Development Outlook 2014:
Economic growth jumped to 10.5% in 2013, and the current account deficit narrowed to 10.4% of GDP, reflecting a rebound in gold production. Meanwhile, inflation accelerated to 6.6%. Growth is expected to return to 6.5% in 2014 and 5.5% in 2015, while inflation should average 6%-7%. The major challenge remains enacting governance reforms to improve the investment climate and boost investor confidence. Read more.