News

World Bank Group provided over $10.4 billion to Emerging Europe and Central Asia

The World Bank Group provided $10.47 billion in funding to governments in Emerging Europe and Central Asia in fiscal year 2012, which ended on June 30, amid uncertainty in the Eurozone and modest growth.

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.

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.

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.

EBRD finances energy distribution system in Tajikistan

The European Bank for Reconstruction and Development (EBRD) is helping to modernize the distribution of electricity in Tajikistan with a loan that will improve energy efficiency in the power system and enhance power services to customers.

CAREC 2020: Boosting trade, transport, and energy in Central Asia

Senior officials from the 10 member countries of the Central Asia Regional Economic Cooperation (CAREC) Program, met today in Baku, Azerbaijan, and moved towards completing a strategic framework that over the next decade will help further develop regional transport networks, boost regional trade, and help secure reliable, efficient energy.

ADB lays groundwork for easier border crossing in Central Asia

The Asian Development Bank (ADB) has approved a technical assistance grant for a feasibility study for the upgrading and modernization of border crossing points in Central Asia.

Kyrgyz Republic, Tajikistan sign cross-border transport agreement under CAREC

Kubanychbek Mamaev, Permanent Secretary of the Ministry of Transport and Communications of the Kyrgyz Republic, and Olimjon Boboev, Minister of Transport and Communications of the Republic of Tajikistan, signed a Cross-Border Transport Agreement (CBTA) that will promote bilateral and regional trade. This is the first CBTA signed under the Central Asia Regional Economic Cooperation (CAREC) Program.

Expanding CAREC takes stock of a decade of cooperation

The Central Asia Regional Economic Cooperation (CAREC) Program is holding its 9th Ministerial Conference (MC) as member countries take stock of a partnership that is laying the groundwork for a truly integrated and globally connected region.