MANILA, PHILIPPINES - Senior officials from the 10 member countries of the Central Asia Regional Economic Cooperation (CAREC) Program met recently in Hohhot, People’s Republic of China, to review the implementation of CAREC 2020, a strategy that aims to further develop regional transport networks, boost regional trade, and secure reliable, efficient energy over the next decade.
“Since CAREC was established, many important lessons have been learned, and new challenges in the regional and global environment have emerged. Charting a course through the next phase of CAREC development is essential to the region’s growth and prosperity,” said Asel Chyngysheva, Officer-in-Charge at the Tajikistan Resident Mission of the Asian Development Bank (ADB).
The Senior Officials’ Meeting reviewed key developments under CAREC 2020; the proposed CAREC Institute knowledge framework and indicative work plan up to 2017; as well as progress of CAREC’s four priority sectors of transport, energy, trade facilitation, and trade policy. The Draft 2011 CAREC Development Effectiveness Review and the concept for a CAREC Economic Corridor Development Study were also considered.
CAREC promotes project-based cooperation in transport, energy, trade facilitation, and trade policy. The CAREC partnership comprises 10 countries — Afghanistan, Azerbaijan, the People’s Republic of China, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan — and six multilateral institutions: the ADB, European Bank for Reconstruction and Development, International Monetary Fund, Islamic Development Bank, United Nations Development Programme, and World Bank. ADB has served as the CAREC Secretariat since 2001.
Participants agreed on “Implementing CAREC 2020” as the theme of the 11th CAREC Ministerial Conference, which will be held on 30 October-1 November 2012.