CAREC Program

Feature Items

First CAREC Capital Market Regulators Forum

Asian Development Bank and the Securities and Exchange Commission of Pakistan organized the first CAREC Capital Market Regulators Forum to discuss access to finance reforms and private sector development through strengthened regional cooperation and integration of capital markets.

ADB-CAREC Institute Visiting Fellowship Program

Asian Development Bank (ADB) and CAREC Institute (CI) based in Urumqi, Xinjiang Autonomous Region are pleased to announce a new Visiting Fellows Program and invites application for fellowships from researchers who are citizens of ADB member countries.

Georgia’s Road to the Future

A 23-kilometer highway bypassing the Jvari Pass in northeast Georgia is expected to enhance road safety and boost the country's position as a regional trade hub and tourist destination.

Source: Asian Development Bank

How do you like them apples? Central Asia gets ready to help feed the world

Central Asia is home to a treasure trove of marketable fruits and vegetables but food safety must be addressed before they can be marketed globally.

Improving Education, Skills, and Employment in Tourism: Almaty–Bishkek Economic Corridor

This report measures the skills gap among tourism industry workers and the resulting opportunity costs along the Almaty–Bishkek Economic Corridor in Central Asia.

Promoting Regional Tourism Cooperation under CAREC 2030—A Scoping Study

This study seeks to assess the potential of CAREC as a platform to promote a regional approach to tourism development through the identification of opportunities for enhancing and expanding cooperation among member countries in the tourism sector, and to maximize economic opportunities while safeguarding ecosystems.

Reviving Connectivity and Diversifying Trade in Central Asia

In Central Asia, it once took up to 58 hours and $318 for a cargo truck to cross a border. Countries in the region are working together to streamline the process for goods and services to move across borders.

Economic Corridor Development

Developing economic corridors is a priority for the CAREC Program, which has funded infrastructure connectivity among member countries for more than a decade. As CAREC member countries become more developed and connected to each other, they can benefit by cooperating at a higher level by linking markets, ideas, and people.

Latest Events

First CAREC Capital Market Regulators Forum

Fourth CAREC Think Tanks Forum

Participants from think tanks, academe, private sector, and governments deliberated on trade expansion from increased market access, greater diversification, and stronger institutions for trade under the CAREC Integrated Trade Agenda 2030.

CAREC Advanced Transit System/Information Common Exchange: Technical Working Group Meetings

Customs officials from Azerbaijan, Georgia, and Kazakhstan met to finalize the draft CAREC Advanced Transit System agreement and discuss each country’s domestic requirements for possible signing of the agreement within the year.

CAREC Institute Advisory Council Meeting

CAREC Senior Officials’ Meeting

Senior officials from 11 CAREC countries and development partners discussed the progress of the CAREC 2030 strategy implementation.

CAREC At a Glance

$34.5 billion invested in transport, trade, and energy projects
From 6 projects in 2001 to 196 projects, as of December 2018

View CAREC Timeline

News and Features

ADB-supported irrigation project to improve Kazakhstan’s agricultural productivity

Sep 11, 2019; Asian Development Bank

ADB grant to improve water resources, enhance productivity in Afghanistan

Sep 11, 2019; Asian Development Bank

New ADB country strategy to expand trade, drive economic growth in Georgia

Aug 23, 2019; Asian Development Bank

Key Projects

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Transport Key Project

Transport

Xinjiang Regional Road Improvement Project

The many new road connections in Xinjiang are the result of government plans to provide strong trade links for the booming eastern provinces and to improve access to remote western regions in the People's Republic of China.

Trade Key Project

Trade

Second Trade and Transport Facilitation Project

The project aims to improve performance of trade and transport logistics by facilitating the implementation of the National Trade Corridor Improvement Program and the simplification and modernization of Pakistan's international trade practices and procedures.

Energy Key Project

Energy

Nurek 500 kV Switchyard Reconstruction Project

The Nurek Hydroelectric Power Plant also plays an important role in regulating the frequency of power transmissions to the interlinked electricity networks of four other Central Asian countries: Kazakhstan, the Kyrgyz Republic, Turkmenistan, and Uzbekistan.

Publications

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Improving Education, Skills, and Employment in Tourism: Almaty–Bishkek Economic Corridor

Publication Details

Title: Improving Education, Skills, and Employment in Tourism: Almaty–Bishkek Economic Corridor
Publisher: Asian Development Bank
Publication Date

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