News

CAREC underscores cross–border PPP’s role in regional connectivity and sustainable development

ADB jointly organized with the Public-Private Partnership (PPP) Center of the Kyrgyz Republic a side event on Cross-border PPP Projects and Success Stories held on 17 June at the sideline of the CAREC Senior Officials Meeting in Issyk-Kul, the Kyrgyz Republic. ADB provides technical assistance, advisory support, and funding for regional PPP project preparation such as the […]

CAREC Senior Officials’ Meeting 2025

The CAREC Senior Officials’ Meeting in Cholpon-Ata, Issyk-Kul on 17–19 June 2025 discussed the action plan, concrete projects and key initiatives to implement the recommendations of the midterm review of the CAREC Strategy 2030. The Kyrgyz Republic’s Minister of Economy and Commerce Mr. Bakyt Sydykov welcomed the CAREC Program’s achievements, particularly the infrastructure projects leading […]

CAREC Working Groups on Health and Climate Change meet in Bishkek

The 6th CAREC Working Group on Health and the 4th CAREC Working Group on Climate Change met on 7-9 April in Bishkek, Kyrgyz Republic. Ms. Leah Gutierrez, Director General SD3, opened the joint day of both Working Groups on 8 April and emphasized the importance of multisector collaboration to address health-climate risks. In his opening remarks, […]

CWRD countries discuss alignment of CAREC Corridor 2 development with national priorities

On 4 April 2025, representatives of Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan, development partners—EU and EBRD, and private sector as key stakeholders of CAREC Corridor 2 discussed challenges, opportunities, and alignment of national priorities with the corridor development in Baku, Azerbaijan. Development of multimodal transport logistics centers, modernizing border-crossing points with […]

ADB supports CAREC countries in advancing the Caspian Green Energy Corridor Initiative

On 4 April 2025 in Baku, Azerbaijan, the Ministers of Energy of Azerbaijan, Kazakhstan, and Uzbekistan signed a Memorandum of Understanding (MOU) with ADB and AIIB to support the preparation of a Feasibility Study for the Caspian Green Energy Corridor Project. This high-level framework aims to develop institutional and legal structures to facilitate cross-border electricity […]

ADB and AIIB Signed an MOU with Azerbaijan, Kazakhstan, and Uzbekistan to Support the Feasibility Study of the Caspian Green Energy Corridor

BAKU, AZERBAIJAN (4 April 2025) — The Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan today signed a Memorandum of Understanding (MOU) to support the Feasibility Study for the Caspian Green Energy Corridor Project. The initiative is part of ADB’s regional technical assistance for the project. The MOU establishes […]

Second CAREC Working Group Meeting on Skills Development signs MOU to advance green skills development in the region

The Second Meeting of the CAREC Working Group on Skills Development (CAREC WGSD) was held from 3-5 April 2025 in Baku, Azerbaijan. This significant event brought together around 40 high-level officials from CAREC participating countries and regional agricultural universities to discuss and advance green skills development in the region. The event is sponsored by TA […]

Signing with PRC & ROC and Launch of CAREC Climate and Sustainability Project Preparatory Fund

On 8 November, the CAREC Climate and Sustainability Project Preparatory Fund (CSPPF) was launched at the 23rd CAREC Ministerial Conference in Astana. ADB signed Trust Fund Contribution Agreements (TFCA) with the People’s Republic of China (PRC) and Republic of Korea (ROK), with a combined contribution of $5 million as initial funding for CSPPF. A multi-partner […]

23rd Ministerial Conference of the Central Asia Regional Economic Cooperation Program – Masatsugu Asakawa

CAREC countries discuss the draft Climate Change Action Plan

Senior officials from CAREC countries and development partners attended the second in-person meeting of the CAREC Working Group on Climate Change on 2-3 September in Baku, Azerbaijan, to jointly work on finalizing the CAREC Climate Change Action Plan. Participants discussed the action plan areas, identified priority regional projects and activities, and agreed on the immediate […]