Launch of the Central Asian Initiative to boost investment and competitiveness

 

Berlin, 4-5 November 2008

OECD and Central Asian countries launched a regional initiative to boost the business climate in Central Asia, drawing on OECD countries’ experience in policy reforms to increase investment and competitiveness.

Ministers of Economy and senior officials from seven Central Asian countries including Afghanistan, Kazakhstan, the Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan and Uzbekistan met in Berlin on 4-5 November 2008 for a Regional Conference organised by the Eurasia Competitiveness Programme and hosted by the OECD and the Organisation for Security and Co-operation in Europe (OSCE).

Countries from the region recognised that while the region has recently experienced strong growth, foreign direct investment remains low. Especially in the context of the current financial crisis, countries need to focus on not only attracting, but also retaining investment.  

Central Asian Ministers agreed to design and implement a set of policy reforms to improve the business climate. The meeting ended with the endorsement of a concluding statement forming the basis for co-operation to improve investment and competitiveness in the region.

 

The regional initiative will be implemented in partnership with other international stakeholders including the European Commission. Expert working groups will focus on policy priority areas – at both the regional and national level – and will provide a platform to exchange good practice and develop advice on how to address common challenges in the region.

 

More information and documentation from the meeting is available on the OSCE website.

 

Further information:

The Central Asia launch press release

Eurasia Competitiveness Programme