A shortage of skilled labor, caused by the disparity between graduates’ skills and labor market needs, was constraining the economic growth of the Kyrgyz Republic at project appraisal. To help reduce this disparity, the Asian Development Bank (ADB) approved a loan of $10 million and a grant of $10 million for the Second Vocational Education and Skills Development Project in September 2012.
In December 2000, the government of India launched the Prime Minister’s Rural Roads Program (PMGSY) as a centrally sponsored scheme to provide all-weather access to unconnected eligible rural habitations. By improving the connectivity of these habitations, the PMGSY aims to accelerate agricultural and rural economic growth and thereby reduce poverty faster and in a more inclusive manner.
Despite a decade of conflict until 2006 followed by protracted political instability, Nepal, as of project appraisal, had made good progress in reducing poverty and achieving almost universal enrollment in primary education with gender parity.
Since the collapse of the Soviet Union, the Kyrgyz Republic has made significant progress in adopting market-based reforms, with private sector development as the key engine of growth. Nevertheless, growth has occurred largely from natural resource exploitation and remittances-backed private consumption.