The Kyrgyz Republic in CAREC
- The Kyrgyz Republic joined CAREC in 1997
- Since 2001, $614 million has been invested in transport, trade, and energy
- 16 ongoing CAREC projects
- 4 completed CAREC projects
Consultation Meeting on Cross-Border Transport Facilitation
Representatives of the Asian Development Bank and the Kyrgyz Republic's Ministry of Transport and Communications met to discuss new regional technical assistance projects on cross-border transport facilitation in the CAREC region.
CAREC Regional Improvement of Border Services Project
Sector: Trade facilitation
Expected outcome: The project will improve the performance of border management personnel, and reduce processing time and cost, resulting in better regional transport connections, improved trade and transit infrastructure, and reduced cross-border barriers.
In the Kyrgyz Republic: A New Road Ties Trade and Towns Together
Fast, efficient roads bring people, produce and even fresh ideas from region to region, from country to country. In a stretch of the southwestern Kyrgyz Republic, even the construction work on a refurbished road is generating new opportunities and a sense of optimism.
The Kyrgyz Republic, located in the northeast of Central Asia among the mountains and valleys of Tien Shan, is a trade crossroad and a transshipment point between Europe and Asia. It is a multicultural state comprising more than 80 ethnic groups. These reflect the country's rich historical heritage as a connecting link between the West and East along the Great 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.