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Rebuilding the Silk Road: Encouraging Economic Cooperation in Central Asia

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Important neighbors: Russia, PRC, Iran, Afghanistan, South Asia, Turkey ... Regional Map [dots proposed regional projects/lines ADB ongoing projects ... – PowerPoint PPT presentation

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Title: Rebuilding the Silk Road: Encouraging Economic Cooperation in Central Asia


1
Rebuilding the Silk Road Encouraging Economic
Cooperation in Central Asia
  • Central Asia Regional Economic Cooperation Unit
  • June 2003

2
Outline
  • Rationale for and challenges of regional
    cooperation in Central Asia
  • Role and approach of ADB
  • Priority areas of transport, energy/water and
    trade facilitation
  • Institutional support
  • Regional cooperation strategy

3
Central Asia Region
4
Three Major Challenges for each Country
  • Political transition
  • Economic transition
  • Institution building to meet transition and
    development needs

5
Regional Economic Cooperation
  • contributes to harmonious and sustainable growth.
  • enhances private sector development.
  • is complementary to national development
    strategies.
  • is an important means to achieving stability.

6
Putting regional cooperation into development
context
  • Integration of regional markets expanding
    national markets reducing transaction
    (transport) costs facilitating further
    integration into world markets and providing
    buffer for globalization risks.
  • This rationale is reinforced by
  • regions location,
  • shared resources and infrastructure,
  • small national markets,
  • shared heritage and tradition.
  • 911 adds another strategic dimension to the
    rationale.

7
Enlarged region extending to
  • Important neighbors Russia, PRC, Iran,
    Afghanistan, South Asia, Turkey
  • These economies are more complementary than among
    the CARs themselves
  • Offer far larger markets
  • Ensure regional security and stability

8
Regional cooperation achieves progress by
addressing two sets of regional issues
  • Regional public goods (RPGs) - require joint
    efforts for solution. They include natural
    resources management (environment), water and
    energy, trade and investment, security,
    governance (anti-money laundering and
    anti-corruption), communicable diseases,
    globalization (WTO accession).
  • Common issues - where countries benefit from
    sharing experience and working together. They
    include human development issues of nutrition,
    education reforms, private sector development
    issues, etc.

9
Role of ADB
  • ADB Charter foster economic growth and
    cooperation
  • A regional cooperation program launched in 1997
    for Central Asia
  • Functions
  • as an honest broker
  • as a provider of information
  • mobilizing public/private resources

10
The Phased and Pragmatic Approach
  • Phased increasing awareness, fostering trust and
    building consensus as foundation
  • Results-oriented concrete progress in
    investments and policy improvements as building
    blocks in the process

11
Sectoral Focus
  • Transport
  • To lessen the economic isolation of the region
  • Energy
  • To support efficient and rational use of energy
  • Trade
  • To promote trade, traffic, and transit within,
    and to/from, the region

12
Transport
  • Objective rehabilitating transport networks to
    lessen locational isolation
  • Almaty-Bishkek Regional Road Rehabilitation
    Project (2000)
  • Other priority transport projects (e.g.
    Kyrgyz Transport Corridor Dushanbe-Sary Tash
    road)

13
Regional Map dots proposed regional
projects/lines ADB ongoing projects red
for road, blue for railway
AFGHANISTAN
14
Energy
  • Objective supporting efficient and rational use
    of energy (water) through cooperation
  • Regional Power Transmission Modernization Project
    (2002)
  • Regional Gas Transmission System Improvement
    (PPTA ongoing)
  • Energy and Water Nexus Study (2002) --
    formulation of an action plan

15
(No Transcript)
16
Trade Facilitation
  • Objective promoting trade within, to and from
    the region, free from barriers especially
    non-tariff barriers
  • Customs Sector Study (2001)
  • Customs modernization in TAJ and KGZ (2002)

17
CAREC Lending Program, 2003-2005
18
CAREC Nonlending Program, 2003-2005
19
CAREC Nonlending Program, 2003-2005
20
CAREC Nonlending Program, 2003-2005
21
An Overall Institutional Framework
  • The framework was established in January 2002.
  • Objectives
  • Regular, high-level policy dialogue and
    consultation
  • Improve overall planning, prioritization and
    implementation
  • Effective coordination with all stakeholders

22
INSTITUTIONAL FRAMEWORK For ADB-Supported
Regional Economic Cooperation Program in the
Central Asian Region
23
ADBs Regional Cooperation Strategy (2004-2006)
Key Considerations
  • Identifying common goals of participating
    countries to base ADB's strategic objective in
    support of regional cooperation
  • Analyzing rationale for regional cooperation,
    past experiences (constraints), and future
    prospects, including ADB experience and lessons
    learned
  • Analyzing key regional and emerging issues to be
    addressed jointly to clearly identify ADB's
    strategic thrusts and operational focus and
  • Building more strengthened strategic partnership
    with development partners.

24
Conclusions
  • The Central Asia region is facing difficult
    challenges as it strives to achieve economic
    development and reduce poverty.
  • Cooperation among countries in the region as well
    as with others is indispensable if they are to
    succeed.
  • There are no easy short term solutions.
  • Political commitment, patience, persistence, and
    confidence building are critical.
  • ADB is committed to supporting the initiative.

25
For More Information Email carecu_at_adb.org Web
Site http//www.adb.org/carec
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