The proposed regional knowledge and support technical assistance (TA) will support the implementation of the pilot cross-border economic corridor around Almaty and Bishkek within the Central Asia Regional Economic Cooperation (CAREC) program. The Almaty Bishkek Economic Corridor (ABEC) follows a multi-sector approach to create one economic space without barriers. ABEC will allow businesses to specialize more, operate at a larger scale and achieve greater diversification and competitiveness with the purpose of exporting goods and services outside the region.
ABEC as a pilot economic corridor under CAREC successfully implemented
- Integration of ABEC economic space
- Implementation plan finalized
- ABEC institutionalized
|Funding Agency||Amount (USD millions)||Notes|
|Asian Development Bank||1|
|Regional Cooperation and Integration Fund||0.75|