A 2007 study by the Asian Development Bank (ADB) identified the lack of macroeconomic stability, high costs of doing business, inadequate infrastructure, and weak investor confidence as the key binding constraints to sustained growth and poverty reduction in the Philippines.
Viet Nam’s rapid economic growth during 2000–2010 resulted in structural changes that transformed the country from being heavily dependent on agriculture to becoming more modern and industrialized. These changes in turn led to an increasing demand for a more educated and highly skilled workforce that meets the requirements of a rapidly growing economy.
In April 2010, the Kyrgyz Republic experienced political disturbances resulting in several deaths and injuries, substantial property damage, and a change in government. Two months after, community violence erupted with even greater casualties, internal displacements, and physical losses.
In 2009, Uzbekistan’s government launched the Rural Housing Scheme (RHS) to jumpstart the development of the rural housing finance market. The RHS channeled rural savings into housing investments and utilized local contractors and construction materials to generate jobs and stimulate the construction industry.
With the aim to improve regional connectivity, cut transport costs, and increase competitiveness, the Central Asia Regional Economic Cooperation (CAREC) Program has been developing 6 transport corridors since 1997.