CAREC Program

Feature Items

High-Level Dialogue: Balancing Infrastructure Investment with Debt Sustainability in CAREC Countries

ADB , IMF, and the World Bank jointly organized the CAREC forum to discuss the fiscal constraints, debt sustainability, and the need for more private sector involvement in infrastructure financing.

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.

CAREC Project Portfolio

From a modest start in 2001, the number and value of CAREC projects—including loans and grants—have grown rapidly to 193 projects worth more than $32.9 billion, as of September 2018. (View latest data on CAREC projects).

Trade Facilitation and Paperless Trade Implementation in CAREC Countries

This report presents an analysis of the results of the UN Global Survey on Trade Facilitation and Paperless Trade Implementation for nine members of the CAREC Program.

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

CAREC Corridors for the Future: Learning from Economic Corridor Development in Asia

Senior officials from CAREC countries, World Bank, private sector, and academia attended the session. The panelists discussed opportunities and challenges in developing the regional economic corridors, and the role of development institutions and CAREC.

High-Level Dialogue: Balancing Infrastructure Investment with Debt Sustainability in CAREC Countries

ADB , IMF, and the World Bank jointly organized the CAREC forum to discuss the fiscal constraints, debt sustainability, and the need for more private sector involvement in infrastructure financing.

CAREC Session on Sustainable Tourism Development in the ADB Annual Meeting

Participants suggested identifying concrete regional investment projects and initiatives to unlock the untapped tourism potential of the region.

18th CAREC Transport Sector Coordinating Committee Meeting

The meeting reviewed the implementation progress of the Transport and Trade Facilitation Strategy 2020 focusing on recent developments in railways, road asset management, road safety, cross-border transport facilitation, and aviation.

CAREC Policy Dialogue on Regional Program for Control and Prevention of Transboundary Animal Diseases

The policy dialogue supports the implementation of the CAREC Integrated Trade Agenda 2030 and specifically, the CAREC Common Agenda for Modernization of Sanitary and Phytosanitary Measures for Trade.

CAREC At a Glance

$32.9 billion invested in transport, trade, and energy projects
From 6 projects in 2001 to 190 projects, as of September 2018

CAREC Timeline

News and Features

Road Safety: An Integral Part of the World Bank’s Mission

May 9, 2019; World Bank

Pakistan proposes CAREC single-visa to exploit tourism potential

May 2, 2019; Others

EBRD approves new strategy for Azerbaijan

Apr 30, 2019; European Bank for Reconstruction and Development

Key Projects

View all Projects

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.