Asian Development Bank Unleashes Billions to Fuel Central Asia's Middle Corridor

The Asian Development Bank is on a spending spree in Central Asia, authorizing billions in support for states in Central Asia and the Caspian Basin. The bank’s primary aim appears to be stimulating the development of the Middle Corridor trade route. On March 2, the ADB announced up to $5.4 billion in financing covering the next four years for Kazakhstan following a meeting between the bank’s president, Masato Kanda, and Kazakh President Kassym-Jomart Tokayev. The commitment is designed to support Tokayev’s modernization program…