During project appraisal in 2008, Odisha (formerly Orissa), in northeastern India, was one of the poorest states in the country. Agriculture employed 60% of its available labor and generated one-third of its gross domestic product.
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.
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.
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.