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.
The ministerial conference, held in Dushanbe, Tajikistan, was a cornerstone event for the CAREC Program as it involved endorsement by the ministers of a new CAREC strategy leading to 2030.
The new logo better reflects CAREC’s enhanced mandate to serve as an open and inclusive platform for all stakeholders, including multilateral and bilateral donors, think tanks, private sector, and civil society, among others.
A rehabilitated road between the Kyrgyz capital Bishkek and the Torugart border crossing is helping boost trade, tourism, and economic cooperation in Central Asia. The road, which was upgraded with support from the Asian Development Bank, is part of the CAREC Corridor 1 that links the Kyrgyz Republic with the People's Republic of China and other Central Asian countries.
Source: Asian Development Bank
The CAREC program has financed roads, railways, and energy infrastructure across Central and West Asia. Its new strategy will build on this success and take the program in new directions.
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.
CAREC's energy sector group, represented by about 60 delegates, discussed ongoing activities to develop the East-Central Asia-South Asia regional energy market, and the strategy and roadmap for high technology.
The workshop follows two important milestones affecting global and regional trade—the entry into force of the World Trade Organization Trade Facilitation Agreement and the endorsement of a new long-term strategy CAREC 2030.
About 50 participants from 17 line government agencies and development partners shared their views and initiatives on operationalizing the CAREC 2030 strategy and Pakistan’s possible role.
ADB and government officials gave updates on the Turkmenistan-Uzbekistan–Tajikistan–Afghanistan–Pakistan (TUTAP), Turkmenistan–Afghanistan–Pakistan (TAP), and CASA 1000 projects.
- 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
The Central Asia Regional Economic Cooperation (CAREC) Program focuses investment and other activities on developing the six competitive transport corridors that link north, south, east, and west throughout Central Asia. Since 2001, CAREC has invested at more than $19 billion in transport projects along 6 corridor routes.
The six member countries of the Central Asia Regional Economic Cooperation (CAREC) Program are working together to move people, goods, and vehicles across borders faster, more efficiently, and at least cost. Since 2002, CAREC has mobilized around $268 million for projects that support growth in trade.
The Central Asia Regional Economic Cooperation (CAREC) Program aims to secure energy through the balanced development of the region's energy infrastructure, stronger integration of energy markets, and economic growth through energy trade. Since 2001, CAREC has invested more than $5.2 billion in 37 projects, mostly aimed at expanding bilateral electricity trade and improving the regional power network.