News

CAREC aviation officials discuss regional air cooperation

Aviation officials and airline representatives from 11 member countries of the CAREC Program met in Singapore to discuss potential for enhanced regional air transport connectivity and cooperation.

ADB holds regional trade finance workshop in Tashkent

The Asian Development Bank’s Trade Finance Program launched a two-day workshop for trade finance professionals in Tashkent. A total of 48 participants representing 36 banks from seven Central Asia and Caucasus countries are attending.

ADB president calls for expanded CAREC agenda to meet new challenges

Asian Development Bank (ADB) President Takehiko Nakao concluded a 2-day visit to Pakistan. He met with Prime Minister Mian Muhammad Nawaz Sharif; the Finance Minister and ADB Governor, Senator Ishaq Dar, and other senior officials; and attended the 15th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference, which welcomed Georgia as its 11th member.

Central Asian countries identify $94 billion energy investment needs to 2023

Central Asian countries have identified power investment needs of about $94 billion to 2023, according to an Asian Development Bank (ADB)-commissioned study presented at an energy forum in Islamabad, Pakistan.

Need for reforms intensifies amid weak growth in Caucasus, Central Asia

The Caucasus and Central Asia is embarking on one of its slowest economic recoveries since independence, the IMF announced, as the region continues to battle the effects of a number of large and persistent external shocks

ADB president expresses support for Turkmenistan economic diversification

Asian Development Bank (ADB) President Takehiko Nakao met with the President of Turkmenistan, Gurbanguly Berdimuhamedov, to discuss the country’s development priorities and reiterate support for the government’s efforts to diversify the economy.

INFOGRAPHIC: TAPI Gas Pipeline

The proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline is expected to transport natural gas from Turkmenistan to Afghanistan, Pakistan, and India.

TAPI pipeline to help Afghanistan rebuild ties with Silk Road neighbors

The shareholders of TAPI Pipeline Company Limited signed an Investment Agreement in a ceremony witnessed by petroleum ministers and senior government officials of Turkmenistan, Afghanistan, Pakistan and India, and senior Asian Development Bank officials.

TAPI shareholders agreement signed at ground breaking ceremony

The shareholders of TAPI Pipeline Company Limited have signed the Shareholders Agreement at a groundbreaking ceremony to commemorate the beginning of construction of the Turkmen portion of the planned 1,800 km Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline project.

TAPI shareholders agreement initialed

he shareholders of TAPI Pipeline Company Limited have agreed on their respective shareholding percentages and initialed the Shareholders Agreement. TAPI Company Limited will build, finance, own and operate the planned 1,600 kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline.