In December 2008, the Asian Development Bank (ADB) approved a multitranche financing facility (MFF), not exceeding $700 million, for the Central Asia Regional Economic Cooperation (CAREC) Transport Corridor 1 (Zhambyl Oblast Section) (Western Europe–Western People’s Republic of China [PRC] International Transit Corridor) Investment Program. The investment program was expected to rehabilitate o
By project appraisal in 2004, significant progress had been made in trade liberalization and trade-related policy by the Kyrgyz Republic, which was still in transition to private sector-led and market-oriented economy. This was evidenced by the country’s accession to the World Trade Organization in 1998.
Landlocked Lao People’s Democratic Republic (Lao PDR) is poor, mountainous, and sparsely populated. Most of its poor live in rural areas with limited access and connection to the outside world. Improving road access removes the physical and cost impediments to the provision of social services and enhances the ability of the poor to benefit from overall economic growth.