MANILA, PHILIPPINES (29 September 2022) — Central Asia and neighboring countries should integrate climate change mitigation and adaptation into their growth strategies and boost food security amid continuing regional challenges, Asian Development Bank (ADB) Vice President Shixin Chen said at ADB’s 55th Annual General Meeting. “In the Central Asia Regional Economic Cooperation (CAREC) Program region, […]
Think tanks in central and west Asia can provide innovative solutions to pressing global challenges such as climate change, COVID-19, and geopolitical conflicts, Asian Development Bank (ADB) Vice President Shixin Chen said at a regional forum.
The Central Asia Regional Economic Cooperation (CAREC) Program is developing a long-term strategy that will help improve agricultural development and food security in the region amid global challenges such as climate change and trade disruptions. CAREC member countries, development partners, and experts today concluded a two-day workshop where they shared ideas to develop a framework […]
Expand women-led businesses and support women’s access to innovation to help reduce poverty in member countries of the Central Asia Regional Economic Cooperation (CAREC) Program, participants heard at a key gathering of leaders and experts in the region this week. At the inaugural meeting of the CAREC Regional Gender Expert Group (RGEG), Asian Development Bank […]
On 28th June 2022, the Central Asia Regional Economic Cooperation (CAREC) senior officials discussed the following program progress and new initiatives: (1) CAREC Post Pandemic Framework for Green, Sustainable, and Inclusive Recovery; (2) Cooperation Framework for Agricultural Development and Food Security in the CAREC Region; (3) CAREC Green Energy Alliance; and (4) CAREC RCI and Climate […]
The CAREC Program Secretariat launched on 30 June the CAREC Startup Map and the CAREC Innovation Network which aim to accelerate innovation and entrepreneurship in the CAREC region.
Our Selection Committee, composed of ADB Chief Economist Albert Park, ADBI Dean Tetsushi Sonobe, and CAREC Institute Chief Economist Hans Holzhacker selected seven excellent research proposals out of 13 submitted to our call for proposals.
The CAREC University Startup Generator is live and accepting sign-ups from university students in the CAREC region. The challenge, which is hosted on the ADB Challenges platform, will support students to develop their startup ideas that can improve issues in key areas (agriculture, education, environment, finance, and health). The initiative is organized by the CAREC Secretariat and is supported by the Asian Development Bank and Republic of Korea e-Asia and Knowledge Partnership Fund. The challenge is being organized as part of the CAREC Digital Month.
A high-level virtual panel discussing Social Spending to Tackle Rising post-COVID-19 Inequality was held on 22 November, attended by ministers, deputy ministers, central bank governors and senior officials from CAREC member countries. CWRD DG Yevgeniy Zhukov, WB Regional Director in the Central Asia region Tatiana Proskuryakova and IMF Director in the Middle East and Central Asia department Jihad Azour gave keynote statements.
The 20th CAREC Ministerial Conference was held virtually on 17th November 2021. It was hosted by the government of Azerbaijan and co-chaired by Minister of Economy, Azerbaijan Mikayil Jabbarov, and ADB Vice-President Shixin Chen. Speaking on the occasion, Mr. Jabbarov highlighted the potential of digitization and its resulting economic dividends to enhance regional cooperation. He […]
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.