Economy

2018 Doing Business Report shows Central Asian economic reforms improve business opportunities
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2018 Doing Business Report shows Central Asian economic reforms improve business opportunities

The Central Asian countries are continuing improving their economic situation to facilitate foreign business partners to do their business in the region, recent World Bank Group’s annual Doing Business 2018 said. According to the report, Uzbekistan, of all the Central Asian states, boasts the most improved economy and made the top ten list of "most improved economies in the world in 2016-17".

World Bank to Help Kyrgyz Republic Improve Efficiency and Quality of its Heat Supply
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World Bank to Help Kyrgyz Republic Improve Efficiency and Quality of its Heat Supply

More than 200,000 people in the Kyrgyz Republic will benefit from the improved efficiency and quality of heating during cold winter months, thanks to the Heat Supply Improvement Project, approved today by the World Bank’s Board of Executive Directors. The project will be financed by the combination of a US $23 million credit and a US $23 million grant.

Op-Ed: Dream Bigger: Building the Middle-Class in Central Asia
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Op-Ed: Dream Bigger: Building the Middle-Class in Central Asia

In Kazakhstan, extreme poverty has been virtually eradicated, while the middle-class has grown to around 20% of the population. The Kyrgyz Republic and Tajikistan have managed to halve their rates of poverty over the past decade and are continuing to make progress. In Uzbekistan and Turkmenistan, poverty is now mostly a rural phenomenon. These hard-earned success stories are a testament to what can be accomplished when the benefits of economic growth are shared more broadly across society.