Implementing the Central Asia Regional Economic Cooperation 2030 Strategy for Sustainable Regional Development - Phase 2 (ADB-57292-001)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Azerbaijan
  • China
  • Georgia
  • Kazakhstan
  • Kyrgyzstan
  • Mongolia
  • Pakistan
  • Tajikistan
  • Turkmenistan
  • Uzbekistan
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 29, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Agriculture and Forestry
  • Communications
  • Education and Health
  • Energy
  • Industry and Trade
  • Law and Government
  • Technical Cooperation
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1.75 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 1.75 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 1.75 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Government Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Dec 26, 2024

Disclosed by Bank Mar 8, 2024

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the ADB, the TA will continue to support the implementation of the CAREC 2030 strategy, and strengthen the role of the CAREC Program as a regional cooperation platform to help member countries respond to the region's emerging needs and priorities in an effective and collective manner. It will focus on:
(i) enhancing policy dialogue, knowledge exchange, and analytical work to support decision-making across CAREC's operational areas and cross-cutting themes;
(ii) strengthening institutional coordination and mechanisms for project identification, resource mobilization, and monitoring and evaluation of results; and
(iii) supporting communication and outreach activities to raise awareness of the CAREC Program in the region and beyond.

The CAREC Program has been a proactive facilitator of regionally important projects and policy initiatives critical to sustainable and inclusive economic growth in the region. Since its inception in 2001, CAREC has mobilized over $51.6 billion in investments for 280 projects, which have helped improve regional transportation networks, increase energy trade and security, facilitate free movement of people and freight, and advance the development of economic corridors. With the adoption of the CAREC 2030 Strategy in 2017, the Program significantly expanded its scope of operations into five operational clusters covering more than 10 sectors and three cross-cutting themes.

Notable progress has been achieved in implementing the CAREC 2030 strategy amid a challenging global environment. Sectoral and thematic strategies have been prepared across traditional (transport, energy, and trade) and new operational areas (tourism, health, gender, and digitalization). CAREC has also developed scoping studies to identify potential regional initiatives in other areas, such as education and skills development, water, aviation, and cross-border community collaboration, among others. The CAREC Climate Change Vision, endorsed in 2023, seeks to help countries implement their commitments under the Paris Agreement and the SDGs by promoting regional actions for energy transition, decarbonization, innovative financing solutions, and climate-resilient infrastructure and policies.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ADB Team Leader:

Carmen Maria Garcia Perez - Regional Cooperation Specialist, ADB Central and West Asia Department

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

How it works

How it works