Background

Infrastructure is critical to sustain economic growth and productivity among Asia and the Pacific economies. The provision of physical infrastructure such as roads and railways, water and power supplies, and telecommunications contribute to growth and development. Despite its importance, infrastructure development across countries remains uneven and significant infrastructure gaps still exist. A joint ADB-ADBI study estimated that US$750 billion is needed per year to close the gaps in Asia. This has posed serious challenges particularly in Central Asia given the continuing physical decay of the region’s road network, limited revenues for infrastructure investment, and border conflicts that hamper efforts toward greater connectivity.

Although Central Asia has made significant strides in constructing, rehabilitating, and upgrading infrastructure over the last decade, a lot more needs to be done to provide adequate facilities for the region’s population and to support greater intraregional trade and investment. In addition to financing (roughly around US$2 billion in infrastructure investment is needed per year) Central Asian countries face different challenges to developing their infrastructure: weak legal and regulatory frameworks, poorly structured projects, and lack of capacity. This workshop will try to facilitate a better understanding of the impediments and challenges (e.g., governance issues) as well as the opportunities and options (e.g., role of public-private partnerships and public finance) for infrastructure development in Central Asia.

Objectives

This workshop will bring together experts and government officials involved in public finance, fiscal policy, infrastructure development, and financing in Central Asia to tackle key issues involving infrastructure development in the region. It will cover foundational challenges such as policy and regulatory frameworks, private sector participation, and building institutional capacity; and financial constraints such as limited public funding sources, influence of development on quality and governance, the role of public-private partnerships, risk sharing between the public and private sectors, and various funding modalities. The workshop will also help identify key lessons and best practices learned from challenges and constraints in each country as well as successful infrastructure initiatives and programs implemented by developed markets.

Participants

About 20 middle-level government officials from the ministries of finance, planning and development, infrastructure, and related agencies of 10 CAREC (Central Asia Regional Economic Cooperation) countries: Afghanistan, Azerbaijan, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, the People’s Republic of China, Tajikistan, Turkmenistan, and Uzbekistan.

Participant responsibilities

Attendance and active participation in all sessions.

Output

  • Shared knowledge and experiences on foundational and financing issues of infrastructure development
  • Key lessons and best practices learned from challenges and constraints faced
  • Case studies of successful infrastructure initiatives and programs implemented by developed markets and other regions
  • Policy proposals and recommendations to promote infrastructure development in Central Asia
  • Presentation materials and other relevant documents for the ADBI website.

How to register

By invitation only.

Language

English

Partners

Central and West Asia Regional Department, Asian Development Bank and Central Asia Regional and Economic Cooperation (CAREC) Institute

Time of event

9:00 - 18:00

Event Contact