Central Asia Regional Economic Cooperation (CAREC) Program
In the Spotlight
Central Asia Regional Economic Cooperation (CAREC) member countries can capitalize on new regional and international development dynamics, including the Belt and Road Initiative (BRI), to strengthen regional infrastructure, boost trade, and reduce poverty, according to participants at a high-level ADB seminar.
Building on the solid foundation of progress made since its launch in 2001, CAREC has recently approved its new long-term strategic framework leading to 2030.
Central Asia Regional Economic Cooperation (CAREC) Program member countries share best practices in road asset management, which aims to optimize economic benefits by minimizing maintenance and road user costs.
ADB President Commits More Than $5 Billion to Support New Strategy for Central Asia Regional Economic Cooperation
The 16th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference was held in Dushanbe on 27 October 2017. CAREC Ministers from 11 member countries unanimously endorsed CAREC 2030, a new long-term strategy that will take the CAREC program to its third decade of operations.
The Central Asia Regional Economic Cooperation, or CAREC, Program is a partnership of 11 countries (Afghanistan, Azerbaijan, People's Republic of China, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan), supported by 6 multilateral institutions, working together to promote development through cooperation, leading to accelerated growth and poverty reduction.
The Program's long-term vision is Good Neighbors, Good Partners, and Good Prospects.
With the rapid economic expansion of the People's Republic of China and Japan to the east, the Russian Federation to the north, and India and Pakistan to the south, there is unprecedented opportunity for CAREC countries to emerge as a center of trade and commerce, achieve higher levels of economic growth, and reduce poverty.
CAREC helps Central Asia and its neighbors realize their significant potential by promoting regional cooperation in four priority areas: Transport; Trade Facilitation; Energy, and Trade Policy.