Support for integration projects - Kazakh TV

Promoting regional integration is one of the priority activities of the Asian Development Bank (ADB), including in Central Asia. Recently the financial institution has adopted a new strategy until 2030 which takes into consideration all the needs of the rapidly changing Asia-Pacific region. New areas of activity are designed to promote the development of urban and rural infrastructure as well as food security. In addition, the focus will be on protecting the environment and stimulating technological innovation. The ADB programming team leader in Kazakhstan, Mirzo Iskandar Gulamov said the transformation of the bank's support tools is envisaged in the new strategy.

MIRZOISKANDAR GULAMOV, COUNTRY SPECIALIST, PROGRAMMING TEAM LEADER, ADB KAZAKHSTAN RESIDENT MISSION:

 - By 2030, each dollar of resources that our bank will send to the private sector will make at least US$2.5 of additional capital. The reason for this is the fact that the region’s needs for infrastructure development are very large. Our bank has calculated that until 2030 the region will need US$1.7 trillion annually for infrastructure development alone.

An example of integration processes in the region is an international project implemented in Kazakhstan, the ADB representative said. A centre for water resources management will be opened based on the Kazakh National Agriculture University. To date, the project has reached the final stage of coordination with Government bodies. According to Mirzo Iskandar Gulamov, the centre will focus on water issues in Kazakhstan and throughout the Central Asian region.

MIRZOISKANDAR GULAMOV, COUNTRY SPECIALIST, PROGRAMMING TEAM LEADER, ADB KAZAKHSTAN RESIDENT MISSION:

 - There is an active discussion with our colleagues in Uzbekistan and in several other countries on what kind of regional work this centre could do. From the point of view of other regional projects, our bank is now working on the so-called economic corridor ‘Almaty-Bishkek.’ This is a vivid example of how the transport corridor can be turned into an economic corridor. The work is carried out jointly with governments of Kazakhstan and Kyrgyzstan, which is on creating a common border economic area.

According to experts, the investment of international financial institutions in the Central Asian region demonstrates its attractiveness and strategic potential. In addition to integration projects, the focus is on major infrastructure programs, including in transport and logistics. Furthermore, great attention is paid to the support of industries with high added value as well as programs to improve the energy efficiency of the economy and other areas. 

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