Central Asia Regional Economic Cooperation Program
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Central Asia Regional Economic Cooperation Program
The Central Asia Regional Economic Cooperation (CAREC) Program is a program established in 1997 by the Asian Development Bank (ADB) to encourage economic cooperation among countries in Central Asia and nearby parts of Transcaucasia and South Asia. CAREC Member countries The 11 CAREC Member countries are: * * * * * * * * * * * Multilateral Institution Partners CAREC has six multilateral institutions partners: * Asian Development Bank (ADB). ADB serves as the CAREC Secretariat. * European Bank for Reconstruction and Development (EBRD) * International Monetary Fund (IMF) * Islamic Development Bank (IsDB) * United Nations Development Programme (UNDP) * World Bank Ministerial Conferences CAREC holds an annual ministerial conference. * 2011 – Baku, Azerbaijan * 2012 – Wuhan, People's Republic of China * 2013 – Astana, Kazakhstan * 2014 – Bishkek, Kyrgyz Republic * 2015 – Ulaanbaatar, Mongolia * 2016 – Islamabad, Pakistan * 2017 – Dushanbe, Tajikistan See ...
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Economic Corridor
Economic corridors are integrated networks of infrastructure within a geographical area designed to stimulate economic development. They connect different economic agents in particular geographic area. Corridors may be developed within a country or between countries. Corridors exist in Asia, Africa, and other areas. Economic corridors often feature integrated infrastructure, such as highways, railroads and ports, and may link cities or countries. Corridors may be created to link manufacturing hubs, areas with high supply and demand, and manufacturers of value-added goods. When implemented, economic corridors are often one of a package of different measures including infrastructure development, visa and transport agreements, and standardisation. Consideration of social needs, such as housing, is often considered. The Asian Development Bank coined the term in 1998. In practice the term "Economic Corridors" has most often been used to connote road highways (e.g. East-West Economic ...
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Transcaucasia
The South Caucasus, also known as Transcaucasia or the Transcaucasus, is a geographical region on the border of Eastern Europe and Western Asia, straddling the southern Caucasus Mountains. The South Caucasus roughly corresponds to modern Armenia, Georgia, and Azerbaijan, which are sometimes collectively known as the Caucasian States. The total area of these countries measures about . The South Caucasus and the North Caucasus together comprise the larger Caucasus geographical region that divides Eurasia. Geography The South Caucasus spans the southern portion of the Caucasus Mountains and their lowlands, straddling the border between the continents of Europe and Asia, and extending southwards from the southern part of the Main Caucasian Range of southwestern Russia to the Turkish and Armenian borders, and from the Black Sea in the west to the Caspian Sea coast of Iran in the east. The area includes the southern part of the Greater Caucasus mountain range, the entire Lesser C ...
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Kazakhstan–Kyrgyzstan Relations
Kazakhstan–Kyrgyzstan relations refers to the bilateral diplomatic relations between the Republic of Kazakhstan and the Kyrgyz Republic. Bilateral relationships between the countries, which share a border, are very strong and Kyrgyz and Kazakh are very close in terms of language, culture and religion. Kyrgyz-Kazakh relationships have always been at very high level and economic and other formal connections of two countries have been greeted with strong appreciation by both nations since the two share a lot in common. Background Kazakhstan and Kyrgyzstan were previously republics of the Soviet Union. They began their existence as autonomous republics within the Russian Soviet Federative Socialist Republic before 1936 when it was split into Soviet republics of Kazakhstan and Kirghizia. During Joseph Stalin's rule, between 1930 to 1944, there were a number of ethnic groups such as the Kurds, Kalmyks, Chechens, Ingush or Balkars were sent to Kazakhstan or Kirghzia while nomadic ...
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Kyrgyzstan–Uzbekistan Relations
Kyrgyzstan–Uzbekistan relations refers to the bilateral diplomatic relations between the Republic of Uzbekistan and the Kyrgyz Republic. Uzbekistan dominates southern Kyrgyzstan both economically and politically, based on the large Uzbek population in that region of Kyrgyzstan and on economic and geographic conditions.Martha Brill Olcott. "Central Asian Neighbors"''Kyrgyzstan: a country study''(Glenn E. Curtis, editor). Library of Congress Federal Research Division (March 1996). ''This article incorporates text from this source, which is in the public domain.'' Much of Kyrgyzstan depends entirely on Uzbekistan for natural gas; on several occasions, former president of Uzbekistan Islam Karimov has achieved political ends by shutting Pipeline transport, pipelines or by adjusting terms of delivery. In a number of television appearances broadcast in the Osh and Jalal-Abad provinces of Kyrgyzstan, Karimov has addressed Akayev with considerable condescension; Akayev, in turn, has been ...
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Tajikistan–Uzbekistan Relations
Uzbekistan–Tajikistan relations refers to the relations between the Republic of Uzbekistan and the Republic of Tajikistan. During the presidency of Islam Karimov, analysts said that the two countries are "engaged in an undeclared cold war" and have the worst bilateral relations in Central Asia. However, with the election of Shavkat Mirziyoyev as President of Uzbekistan Uzbek-Tajik relations, as well as relations between Uzbekistan and its neighbors in Central Asia, reached a new era of potential. Practical implementation of this potential is yet to be seen and by 2020 the Central Asian region remains one of the least integrated regions in the world. Before independence The Russian Empire (1721–1917) controlled Russian Turkestan as a singular unit; the creation of "nations" within Central Asia was not on the agenda of Russian policy makers. However, revolutionary fervor from the Turkish War of Independence (1919–1923) spilled over from the former Ottoman Empire into Russian l ...
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Kyrgyzstan–Tajikistan Relations
Kyrgyzstan–Tajikistan relations refers to the bilateral diplomatic relations between Kyrgyzstan and Tajikistan. Both countries were a part of the Soviet Union. Kyrgyzstan–Tajikistan relations have been tense in recent years.Martha Brill Olcott. "Central Asian Neighbors"''Kyrgyzstan: a country study''(Glenn E. Curtis, editor). Library of Congress Federal Research Division (March 1996). ''This article incorporates text from this source, which is in the public domain.'' The two countries fought in border clashes in 2021 and 2022. Refugees and antigovernment fighters in Tajikistan have crossed into Kyrgyzstan several times, even taking hostages. History Kyrgyzstan attempted to assist in brokering an agreement between contesting Tajik forces in October 1992 but without success. Askar Akayev later joined presidents Islam Karimov and Nursultan Nazarbayev in sending a joint intervention force to support Tajikistan's president Emomalii Rahmon against insurgents, but the Kyrgyzstan ...
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Afghanistan–Tajikistan Relations
Relations between Afghanistan and Tajikistan began in 1992. Afghanistan maintains an embassy in Dushanbe and a consulate in Khorugh. The current Afghanistan ambassador to Tajikistan is LTG. Mohammad Zahir Aghbar. Tajikistan maintains an embassy in Kabul and a consulate in Mazari Sharif, Faizabad and Kunduz. The current Tajikistan ambassador to Afghanistan is Sharofiddin Imom. History The areas which form the two countries were once connected, especially during the Samanid, Ghaznavid, and Timurid periods. After a friendship treaty in 1750 between Ahmad Shah Durrani of Afghanistan and Mohammad Murad Beg of Bukhara, the Amu Darya (Oxus River) became the official border of Afghanistan. Persian language is widely used in both countries, and there are slightly more Tajiks in Afghanistan than in Tajikistan. Diplomatic relations between the two countries were established on June 15, 1992. The outbreak of the Tajikistani Civil War complicated matters as most of Tajikistan's southern border ...
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Khyber Pass Economic Corridor
Khyber Pass Economic Corridor (KPEC) ( ur, ; ps, د خيبر دره اقتصادي دهلیز) is an infrastructure project that aims to expand Pakistan's economic connectivity with Afghanistan, and by extension Central Asia, via the Khyber Pass. The project was approved for construction in December 2019 by Pakistan and the World Bank at an expenditure of $482.75 million. History and background KPEC is inspired by the historic Khyber Pass route, which traverses the Durand Line, Afghan–Pakistani border and has facilitated trade between Central Asia, Central and South Asia for millennia. The project is part of Corridors 5 and 6 of the Central Asia Regional Economic Cooperation Program (CAREC), which seeks to provide the shortest trade route between Uzbekistan, Tajikistan, Afghanistan, Pakistan and the strategic Arabian Sea to the south. With the exception of Pakistan, the other three countries are Landlocked country, landlocked states. While Corridor 6 is concerned with providin ...
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Quadrilateral Traffic In Transit Agreement
The Quadrilateral Traffic in Transit Agreement (QTTA) ( ur, معاہدہِ چار طرفہ ٹریفک گذرگاہ) is a transit trade deal between China, Pakistan, Kyrgyzstan and Kazakhstan for facilitating transit traffic and trade. In February 2017, Tajikistan expressed interest in joining the deal. A similar desire to join the agreement was expressed by Uzbekistan in May 2020. The initial work on this road project was initiated in 1995. The road project is related to the China Pakistan Economic Corridor, which aims to provide China and Central Asia access to Pakistani ports. After the development of Gawadar Port in Balochistan province of Pakistan, development of this route became more lucrative particularly for Kyrgyzstan and Kazakhstan. For Pakistan its importance has recently increased following frequent border closures with Afghanistan over political hostilities and security issues. Strategic implications The strategical importance of this project was reduced when Afgh ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ...
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United Nations Development Programme
The United Nations Development Programme (UNDP)french: Programme des Nations unies pour le développement, PNUD is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. Headquartered in New York City, it is the largest UN development aid agency, with offices in 170 countries. The UNDP emphasizes developing local capacity towards long-term self-sufficiency and prosperity. It administers projects to attract investment, technical training, and technological development, and provides experts to help build legal and political institutions and expand the private sector. The UNDP operates in 177 countries and is funded entirely by voluntary contributions from UN member states. Also, UNDP is governed by a 36-member executive board overseen by an administrator, who is third-highest ranking UN official after the Secretary-General and Deputy Secretary-General. Founding The UNDP was founded on 22 Nove ...
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Islamic Development Bank
The Islamic Development Bank ( ar, البنك الإسلامي للتنمية, abbreviated as IsDB) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia. There are 57 shareholding member states with the largest single shareholder being Saudi Arabia. History It was founded in 1973 by the Finance Ministers at the first Organisation of the Islamic Conference (now called the Organisation of Islamic Cooperation) with the support of the King of Saudi Arabia at the time ( Faisal), and began its activities on 3 April 1975. On the 22 May 2013, IDB tripled its authorized capital to $150 billion to better serve Muslims in member and non-member countries. The Bank has received credit ratings of AAA from Standard & Poor's, Moody's, and Fitch. Saudi Arabia holds about one quarter of the bank's paid up capital. The IDB is an observer at the United Nations General Assembly. Membership The presen ...
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