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.
In 2006, Solomon Islands was still recovering from years of conflict (1999–2003), and confronted with 20% poverty incidence, poor human development, and high unemployment.
In December 2006, the Asian Development Bank (ADB) approved a $5 million loan and $500,000 grant for Mongolia’s Customs Modernization Project. The project reflected government’s efforts to promote trade and improve the investment climate through customs reform and modernization. It also supported the country’s accession to the Revised Kyoto Convention of the World Customs Organization and the
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