Connect with us

Newsdesk

ADB President Commits More Than $5 Billion to Support New Strategy for Central Asia Regional Economic Cooperation

Newsroom

Published

on

Today the 16th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference was held in Dushanbe. Tajikistan President Emomali Rahmon made the keynote address. Asian Development Bank (ADB) President Takehiko Nakao made the special address.

The meeting was chaired by Minister of Economic Development and Trade Nematullo Khikmatullozoda. CAREC Ministers from 11 member countries[1] unanimously endorsed CAREC 2030, a new long-term strategy that will take the CAREC program to its third decade of operations.

The strategy is anchored on the mission to connect people, policies, and projects. It envisages scaling up and broadening CAREC’s mandate, including supporting regional economic and financial stability, and regional initiatives in the areas of tourism, agriculture and water resources, and health and education. At the same time, CAREC will maintain focus and its comparative advantage in the existing priority areas of transport, energy, trade, and economic corridors development.

Adoption of the CAREC 2030 strategy will also help countries in the region achieve the Sustainable Development Goals (SDGs) and climate change targets under the Paris agreement, while aligning with national development priorities.

In his speech, Mr. Nakao announced that ADB will commit more than $5 billion to supporting CAREC 2030 in the next 5 years. This is about a quarter of the total ADB financing for projects in CAREC countries except the People’s Republic of China.

As part of ADB’s commitment, it has just approved a new $800 million Multi-Tranche Financing Facility for CAREC road corridor development in Pakistan. Next year, ADB will finance the first phase of the Turkmenistan-Afghanistan-Pakistan (TAP) transmission line project for $150 million. ADB has already begun discussions for regional projects in the areas of agribusiness, tourism, and railways covered in CAREC 2030.

ADB functions as the secretariat of the CAREC program. Cumulatively, the CAREC program has mobilized more than $30 billion of investments since it was set up in 2001. Over a third of this amount, or $10.5 billion, has been financed by ADB, and the rest by member governments and other development partners.

To date, CAREC financing has been used to build or rehabilitate 8,592 kilometers (km) of road and more than 5,103 km of rail across 6 transport corridors, strengthening connectivity and trade within and outside the region. Over 9,041 km of power transmission lines have been constructed, supporting the expansion of energy trade between energy surplus Central Asian countries and energy deficit countries in South Asia, including Afghanistan and Pakistan.

Besides investments through projects, CAREC has contributed to trade facilitation, and capacity building and knowledge generation and sharing across CAREC countries. The CAREC Institute which is spearheading knowledge efforts is now operating as an intergovernmental organization.

In a joint statement titled the “Dushanbe Declaration,” CAREC Ministers highlighted that regional cooperation has become even more critical to meet their development goals. Ministers stressed the need to engage with the private sector, civil society, development partners, and other stakeholders in regional projects; and strengthen linkages with other regional cooperation programs including the Belt and Road Initiative.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members—48 from the region. In 2016, ADB assistance totaled $31.7 billion, including $14 billion in cofinancing.

[1] The 11 members of CAREC are Afghanistan, Azerbaijan, the People’s Republic of China, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan.

Continue Reading
Comments

Newsdesk

Guterres: Korean nuclear crisis, Middle East quagmire eroding global security

Newsroom

Published

on

Credit: Wikimedia Commons

“Conflicts are becoming more and more interrelated and more and more related to a set of a new global terrorism threat  to all of us,” Mr. Guterres said in his keynote address at the opening ceremony on Friday of the Munich Security Conference.

For the first time since the end of the Cold War, the world is facing the threat of nuclear weapons and long-range missiles posed by the Democratic People’s Republic of Korea (DPRK), which he called “a development made in total contradiction to the will of the international community and in clear violation of several resolutions of the Security Council.”

He said that it was essential to maintain “meaningful pressure over North Korea” to create an opportunity for diplomatic engagement on the peaceful denuclearization of the Korean peninsula within a regional framework.

“The two key stakeholders in relation to this crisis, the United States and [DPRK]” must be able to “come together and have a meaningful discussion on these issues,” he said, adding that it is “important not to miss the opportunity of a peaceful resolution through diplomatic engagement as a military solution would be a disaster with catastrophic consequences that we cannot even be able to imagine.”

The situation in the broader Middle East, which the UN chief said had become a “Gordian knot,” was also eroding global security, with that are crises that are “crossing each other and interconnected.”

Pointing to the Palestinian-Israeli conflict, and wars in Syria, Yemen and Libya, among others, Mr. Guterres said the entire Middle East has “became a mess,” with varied and intersecting fault lines.

He warned of the absence of a common vision in the region and said that even if interests are contradictory, the threats these conflicts represent would justify some efforts to come together.

Turning to cyber-security, Mr. Guterres called for a serious discussion about the international legal framework in which cyberwars take place.

“I can guarantee that the United Nations would be ready to be a platform in which different actors could come together and discuss the way forward, to find the adequate approaches to make sure that we are able to deal with the problem of cybersecurity,” he said, noting that artificial intelligence provides “enormous potential for economic development, social development and for the well-being for all of us.”

The Secretary-General said that Governments and others have been unable to manage human mobility. He warned that this had created mistrust and doubts about globalism and multilateralism.

“This is a reason why,” he said, “we need to be able to unite, we need to be able to affirm that global problems can only be addressed with global solutions and that multilateralism is today more necessary than ever.”

Continue Reading

Newsdesk

Supporting tourism development in Africa through better measurement

Newsroom

Published

on

In an effort to better measure tourism growth and development in Africa, UNWTO signed a Cooperation Agreement with the Nigeria Tourism Development Corporation for the Strengthening of the National Tourism Statistical System of Nigeria and the Development of a Tourism Satellite Account.

UNWTO is committed to developing tourism measurement for furthering knowledge of the sector, monitoring progress, evaluating impact, promoting results-focused management, and highlighting strategic issues for policy objectives.

On the occasion of the meeting between UNWTO Secretary-General, Zurab Pololikashvili, and the Minister of Information and Culture of Nigeria, Mr. Lai Mohammed, the agreement to host the Sixty-First meeting of the UNWTO Commission for Africa and the Seminar on ‘Tourism Statistics: A Catalyst for Development’ in Nigerian capital, Abuja, from 4 to 6 June 2018, was signed.

The meetings will be open to the participation of UNWTO Member States and Affiliate Members, as well as invited delegations and representatives of the tourism and related sectors. Officials of immigration departments, national statistics bureaus, central banks and other relevant stakeholders will be invited to join.

Continue Reading

Newsdesk

Causes of Rohingya refugee crisis originate in Myanmar- solutions must be found there

Newsroom

Published

on

“We are now in a race against time as a major new emergency looms,” United Nations High Commissioner for Refugees Filippo Grandi told the Security Council via videolink from Geneva, Switzerland.

He said that the Kutupalong area in Bangladesh’s Cox’s Bazar is now the largest refugee settlement in the world, and with the monsoon season to start in March, 107,000 refugees are estimated to be living in areas prone to flooding or landslides.

“The [Bangladeshi] Government is steering a massive emergency preparedness effort, but international support must be stepped up to avert a catastrophe,” he said, stressing that “as we have repeatedly said, resolving this crisis means finding solutions inside Myanmar.”

He said that conditions are not yet conducive to the voluntary repatriation of Rohingya refugees to Myanmar.

The refugee crisis erupted in late August when Myanmar armed forces launched a security operation in the north of Rakhine State, driving thousands of children, women and men to flee over the border to Bangladesh in search of safety.

“The causes of their flight have not been addressed, and we have yet to see substantive progress on addressing the exclusion and denial of rights that has deepened over the last decades, rooted in their lack of citizenship,” Mr. Grandi said.

“It is time to bring an end to this repeated, devastating cycle of violence, displacement and statelessness to invest in tangible, substantial measures that will start to overcome the profound exclusion that the Rohingya community have endured for far too long,” he added.

Also addressing the Council was UN Assistant Secretary-General for Political Affairs Miroslav Jenca, who said that while there has been certain progress on the three priorities laid out by the Secretary-General, not all have been implemented thus far.

Turning first to the need to end violence and improve the security situation, he said that although large-scale acts of violence have subsided, concerns about threats and intimidation against the remaining Rohingya population from Bamar and Rakhine communities, as well as from militia and security forces in Rakhine state, persist.

Second, the UN does not have sufficient access to make a meaningful assessment of the humanitarian or human rights situation in Rakhine.

As for the third point, which is voluntary, safe, dignified and sustainable return of refugees and internally displaced people to their places of origin or choice, Mr. Jenca said the Government has taken some high-level steps to advance this process, including the convening of an Advisory Board, whose recommendations include the inclusion of the UN at an early stage, soonest full humanitarian access, wider media access, and the formation of an independent fact-finding commission.

Mr. Jenca called on the authorities in Myanmar to release the arrested two Reuters journalists and respect the right to freedom of expression and information.

Reuters has now published the story these journalists were working on, a deeply disturbing account of the execution of 10 Rohingya men in Inn Din village (Maungdaw) in northern Rakhine state,he said, while the Associated Press (AP) has also published a report of five mass graves in Gudar Pyin village (Buthidaung).

“These and other shocking reports of grave abuses demand our attention and action, for the sake of lasting peace and justice,” he said.

Continue Reading

Latest

Newsletter

Trending

Copyright © 2018 Modern Diplomacy