AT A GLANCE
- Afghanistan joined CAREC in 2005
- Since 2005, around $3.34 billion has been invested in transport, trade, and energy
- 18 ongoing CAREC projects
- 11 completed CAREC projects
CAREC in Afghanistan
Afghanistan joined CAREC in 2005 and has since been working with other member countries to forge links and partnerships that will restore the country to its traditional place as a crossroads of cultures and commerce.
As a strategic bridge between Central Asia and South Asia, Afghanistan stands to gain from the improvements in infrastructure connectivity that CAREC has been promoting. Major road and rail corridors-including the country's first railway line-now offer better access for poor, isolated regions of the country. In the energy sector, long transmission lines transport electricity generated by neighboring countries into households and businesses 24 hours a day, 7 days a week.
CAREC's strategy and operations are aligned with the goals and priorities of the Afghanistan National Development Strategy that includes developing regional transport networks, boosting regional trade, and securing reliable and efficient energy
The CAREC Program has mobilized around $3.34 billion for 29 projects in Afghanistan, on the principle that better connections will be key to unlocking the region’s vast resources and human potential.
The focus on building transport and energy networks is helping Afghanistan increase regional trade, promote private sector investment, and secure adequate power using electricity generated outside its borders. Economic integration with its CAREC neighbors will enable Afghanistan maximize the value of its natural resources, build human capacity, create jobs, and pay for services.
Membership in the CAREC Program is putting Afghanistan on the path to full integration into a prosperous region, with infrastructure—the backbone of development—laying the foundation for sustainable economic growth. The program could end the country’s dependence on aid and provide solutions to endemic poverty, instability, and weak governance.
Highlights from the Asian Development Outlook 2015:
Rivals in the disputed presidential election in June 2014 finally agreed in September to form a unity government. The political crisis and the withdrawal of international security forces undermined confidence and the economy. The outlook is for modest recovery helped by large inflows of development assistance and security grants. The new government has energetically sought to improve governance, shore up public finances, and enlist regional cooperation to improve security. Read full report
The United Nations Development Programme prepares reports on human development in Afghanistan.