CAREC Program

Feature Items

CAREC Regional Workshop—Promoting Regional Tourism Cooperation under CAREC 2030

Tourism officials from the CAREC member countries, private sector representatives, and tour operators met to deliberate on key challenges and opportunities for regional initiatives and collaborative actions to promote tourism development in the region.

Third CAREC Energy Investment Forum

About 200 government officials, energy professionals, development partners, private investors, and technology providers joined the forum, which aimed to present and discuss a range of new energy technologies that could be quickly adopted in Central Asia.

Aviation and the Role of CAREC: A Scoping Study

This study examines the potential role of the Central Asia Regional Economic Cooperation (CAREC) Program in improving aviation in the region.

The Almaty–Bishkek Economic Corridor

The Almaty–Bishkek Economic Corridor, which emanated from the Almaty–Bishkek Corridor Initiative, transforms the area into a single space where exchange of ideas, movement of goods and meeting people is fast, easy, and free of barriers. This fact sheet explains the corridor concept and its application through Almaty–Bishkek Economic Corridor (ABEC) development, shows the achieved milestones, and outlines the tasks ahead.

CAREC and its Vitality for Pakistan

Pakistan has been looking for new ways to overcome trade barriers for trade in Central Asia at the heart of increasing integrated global markets. Sustainable Development Policy Institute invited Asian Development Bank Central and West Asia Department Regional Cooperation and Operations Coordination Director Safdar Parvez to discuss the CAREC Program and the current standing of Pakistan in CAREC.

Source: Others

CAREC Project Portfolio

From a modest start in 2001, the number and value of CAREC projects—including loans, grants, and technical assistance—have grown rapidly. As of December 2017, more than $31.5 billion has been invested in transport, trade facilitation, and energy projects.

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

ADB Inter-subregional Knowledge Sharing Forum on Enhanced Implementation of the WTO Trade Facilitation Agreement

World Trade Organization Trade Facilitation Agreement: Implementation Roadmap Workshop for CAREC Countries

The workshop served as a platform for developing implementation roadmaps toward full compliance of CAREC member countries with their World Trade Organization Trade Facilitation Agreement commitments.

CAREC Regional Workshop—Promoting Regional Tourism Cooperation under CAREC 2030

Consultation Meeting with CAREC National Focal Points

CAREC national focal points discussed the implementation progress of CAREC 2030, in preparation for the 17th Ministerial Conference on CAREC to be held in Ashgabat.

Third CAREC Energy Investment Forum

CAREC At a Glance

More than $31.5 billion invested in transport, trade facilitation, and energy projects
From 6 projects in 2001 to 185 projects, as of December 2017

CAREC Timeline

News and Features

ADB provides $78 million to improve regional road transport links in Kyrgyz Republic

Nov 2, 2018; Asian Development Bank

ADB supports new road project to improve connectivity in Afghanistan

Oct 16, 2018; Asian Development Bank

ADB affirms support for Pakistan’s development agenda

Oct 5, 2018; 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.