The Kyrgyz Republic in CAREC
- The Kyrgyz Republic joined CAREC in 1997
- Since 2001, $614 million has been invested in transport, trade, and energy
- The Kyrgyz Republic currently has 16 ongoing CAREC projects
- Since 2001, four CAREC projects have been completed
CAREC Corridor 3 (Bishkek-Osh Road) Improvement Project, Phase 4
Expected outcome: The project will improve efficiency and safer movements of goods and people on the Bishkek-Osh Road.
Central Asia Regional Economic Cooperation Regional Improvement of Border Services Project (RIBS)
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.
Power Sector Rehabilitation Project
Expected outcome: The project will improve the performance of Toktogul hydroelectric power plant and increase the reliability of national and regional power systems.
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 2013:
While the peaceful transfer of power in 2011 and the swift formation of a new government in 2012 laid the foundation for growth, low gold production caused GDP to contract by 0.9%. In 2013, growth is expected to rebound to 5.5%. The government will begin implementing its new Sustainable Development Strategy 2013-2017, a blueprint for building a stable society, strengthening the rule of law, and improving the investment climate. Read more.