Thursday, October 12, 2006
[IWS] ADB: CHINA convenes CAREC (Central Asia Regional Economic Cooperation) Program [12 October 2006]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Asian Development Bank (ADB)
Central Asia Set to Take Major Step Forward in Regional Cooperation
http://www.adb.org/Media/Articles/2006/10766-Central-Asia-regional-cooperation/default.asp
MANILA, PHILIPPINES (12 October 2006) - The eight countries participating in the < http://www.adb.org/CAREC> Central Asia Regional Economic Cooperation (CAREC) Program are expected to take a major step forward in broadening and deepening the program at a meeting in the < http://www.adb.org/PRC> Peoples Republic of China (PRC) next week.
The meeting 5th Ministerial Conference on CAREC opens on Wednesday in Urumqi, Xinjiang Uygur Autonomous Region, PRC.
Over three days, it brings together ministers and senior officials from < http://www.adb.org/Afghanistan> Afghanistan, < http://www.adb.org/Azerbaijan> Azerbaijan, PRC, < http://www.adb.org/Kazakhstan> Kazakhstan, < http://www.adb.org/KyrgyzRepublic> Kyrgyz Republic, < http://www.adb.org/Mongolia> Mongolia, < http://www.adb.org/Tajikistan> Tajikistan, and < http://www.adb.org/Uzbekistan> Uzbekistan; as well as senior representatives of CARECs six partner multilateral institutions (MI), bilateral and other regional organizations.
At the Conference, Ministers will consider a Comprehensive Action Plan to guide the strategic management of the CAREC Program and will also discuss ways to accelerate the momentum of < http://www.adb.org/RegionalCooperation> regional cooperation in Central Asia and its neighbors, said Craig Steffensen, Head of ADBs CAREC Unit.
The Action Plan represents a significant step forward in terms of clarifying the programs mission, goals, and agenda for the coming years. It should enable the program to strengthen its important contribution to economic growth and social development, he said.
On Monday, about 200 < http://www.adb.org/PrivateSector> private sector representatives and government officials will also gather in Urumqi for the first < http://www.adb.org/Documents/Events/2006/CAREC-BDF/> CAREC Business Development Forum. The Forum is intended to discuss investment opportunities in CAREC countries and explore ways for the private sector to play a more active role in regional cooperation initiatives.
CAREC is a broad partnership of the eight participating countries and six MIs ADB, the European Bank for Reconstruction and Development, International Monetary Fund, Islamic Development Bank, United Nations Development Programme, and World Bank.
The Program aims to promote practical, results-based regional projects and policy initiatives critical to trade expansion, sustainable development and meeting new challenges in a rapidly growing and increasingly integrated Eurasian supercontinent.
Initiated in 1997, the programs goal is to improve living standards and < http://www.adb.org/Poverty> reduce poverty in CAREC countries through more efficient and effective regional economic cooperation. The program is focused on financing infrastructure projects and improving the region's policy environment in the priority areas of transport, trade facilitation, trade policy, and energy. For the three-year period 2006-2008, CARECs six MI partners plan to provide more than 40 loans to participating countries worth over $2.3 billion in support of regional investments in the priority areas.
After the break-up of the Soviet Union in 1991, the newly independent states of Central Asia experienced a severe economic decline and a sharp deterioration in social indicators. Given their landlocked location, small size, and distance from major world markets, regional cooperation has the potential to greatly improve their economic development.
ADB research suggests that if the global economic environment remains favorable, and if Central Asian countries press ahead with economic reforms and regional economic cooperation, per capita incomes could double by 2015.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Asian Development Bank (ADB)
Central Asia Set to Take Major Step Forward in Regional Cooperation
http://www.adb.org/Media/Articles/2006/10766-Central-Asia-regional-cooperation/default.asp
MANILA, PHILIPPINES (12 October 2006) - The eight countries participating in the < http://www.adb.org/CAREC> Central Asia Regional Economic Cooperation (CAREC) Program are expected to take a major step forward in broadening and deepening the program at a meeting in the < http://www.adb.org/PRC> Peoples Republic of China (PRC) next week.
The meeting 5th Ministerial Conference on CAREC opens on Wednesday in Urumqi, Xinjiang Uygur Autonomous Region, PRC.
Over three days, it brings together ministers and senior officials from < http://www.adb.org/Afghanistan> Afghanistan, < http://www.adb.org/Azerbaijan> Azerbaijan, PRC, < http://www.adb.org/Kazakhstan> Kazakhstan, < http://www.adb.org/KyrgyzRepublic> Kyrgyz Republic, < http://www.adb.org/Mongolia> Mongolia, < http://www.adb.org/Tajikistan> Tajikistan, and < http://www.adb.org/Uzbekistan> Uzbekistan; as well as senior representatives of CARECs six partner multilateral institutions (MI), bilateral and other regional organizations.
At the Conference, Ministers will consider a Comprehensive Action Plan to guide the strategic management of the CAREC Program and will also discuss ways to accelerate the momentum of < http://www.adb.org/RegionalCooperation> regional cooperation in Central Asia and its neighbors, said Craig Steffensen, Head of ADBs CAREC Unit.
The Action Plan represents a significant step forward in terms of clarifying the programs mission, goals, and agenda for the coming years. It should enable the program to strengthen its important contribution to economic growth and social development, he said.
On Monday, about 200 < http://www.adb.org/PrivateSector> private sector representatives and government officials will also gather in Urumqi for the first < http://www.adb.org/Documents/Events/2006/CAREC-BDF/> CAREC Business Development Forum. The Forum is intended to discuss investment opportunities in CAREC countries and explore ways for the private sector to play a more active role in regional cooperation initiatives.
CAREC is a broad partnership of the eight participating countries and six MIs ADB, the European Bank for Reconstruction and Development, International Monetary Fund, Islamic Development Bank, United Nations Development Programme, and World Bank.
The Program aims to promote practical, results-based regional projects and policy initiatives critical to trade expansion, sustainable development and meeting new challenges in a rapidly growing and increasingly integrated Eurasian supercontinent.
Initiated in 1997, the programs goal is to improve living standards and < http://www.adb.org/Poverty> reduce poverty in CAREC countries through more efficient and effective regional economic cooperation. The program is focused on financing infrastructure projects and improving the region's policy environment in the priority areas of transport, trade facilitation, trade policy, and energy. For the three-year period 2006-2008, CARECs six MI partners plan to provide more than 40 loans to participating countries worth over $2.3 billion in support of regional investments in the priority areas.
After the break-up of the Soviet Union in 1991, the newly independent states of Central Asia experienced a severe economic decline and a sharp deterioration in social indicators. Given their landlocked location, small size, and distance from major world markets, regional cooperation has the potential to greatly improve their economic development.
ADB research suggests that if the global economic environment remains favorable, and if Central Asian countries press ahead with economic reforms and regional economic cooperation, per capita incomes could double by 2015.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 7:52 AM
