CAREC Project Portfolio

From 2001 to December 2023, CAREC investments reached almost $51.02 billion covering 276 regional projects. Of the total, more than $17.60 billion was financed by ADB, $23.37 billion by other development partners, and $10.05 billion by CAREC governments (Figure A). The top three funders are ADB, the World Bank and the EBRD.

Of these investments, transport has the biggest share, with about 67.5% or about $34.45 billion; energy accounts for 24.9% or more than $12.71 billion; trade facilitation and trade-policy accounts for 2.7% or about $1.38 billion (Figure B).

A. Amount of CAREC Investments by Funder (as of 31 December 2023, in $ million)

B. Amount of CAREC Investments by Sector (as of 31 December 2023, in $ million)

C. CAREC Investments by Country (as of 31 December 2023, in $ million)

D. Share of Country to total CAREC Investments by Sector (as of 31 December 2023, in $ million)

AFG = Afghanistan, AZE = Azerbaijan, GEO = Georgia, KAZ = Kazakhstan, KGZ = the Kyrgyz Republic, MON = Mongolia, PAK = Pakistan, PRC = People’s Republic of China, TAJ = Tajikistan, TKM = Turkmenistan, UZB = Uzbekistan.

  • Kazakhstan received the largest proportion of the total investments in transport (24.6%), followed by Uzbekistan (19%), and Azerbaijan (16.3%).
  • Uzbekistan received the largest proportion of the total investments in energy (40.4%), followed by Afghanistan (11.5%) and Turkmenistan (10.8%).
  • Under trade facilitation and trade policy, P.R.C. received the largest share (38.9%), followed by Pakistan (22.2%) and Mongolia (16.1%).
  • Uzbekistan received most of the investments under the economic and financial stability sector (86.5%). The country also received the largest proportion of the total investments in agriculture and water (35.2%).
  • Georgia received the biggest share of the investments in the tourism sector (72.6%), while the Kyrgyz Republic got most of the investments in the human development sector (55.8%), followed by Tajikistan (30.2%).
  • All CAREC countries have received investments in the transport sector. All countries also received investments in energy except for P.R.C., Georgia, Mongolia, and Pakistan.

E. ADB-Financed CAREC Projects (as of 31 December 2023, in $ million)

Of ADB-financed CAREC projects, transport has the biggest share, with about 73.5% or US$12.93 billion; energy comes in second with 18.8% or about US$3.3 billion, with the trade facilitation and trade policy sector having the third biggest share at 5.3% or about US$0.94 billion.