News

Central Asian governments endorse plans to boost integration, trade

Ministers at the 8th Ministerial Conference on Central Asia Regional Economic Cooperation (CAREC) endorsed two major plans to advance cooperation in the region's transport, trade and energy sectors.

ADB president calls for more investment, cooperation, to Improve CAREC trade logistics system

Efficient and cost-competitive transportation and logistics services will help governments in the Central Asia Regional Economic Cooperation (CAREC) region stimulate economic activity and promote social and political cohesion, Asian Development Bank (ADB) President Haruhiko Kuroda said.

Central Asian nations gather in Ulaanbaatar for 8th CAREC Ministerial Meeting

Ministers from across Central Asia are gathering in Ulaanbaatar, Mongolia, for a major annual conference aimed at building transport and energy infrastructure, simplifying border and trade arrangements, and fostering closer cooperation among countries in the region.

CAREC Program adopts ambitious transport, trade, and energy Plans

Eight countries today adopted strategy documents outlining ambitious plans to deepen regional economic cooperation in transport, trade facilitation, trade policy, and energy in Central Asia and neighboring states.

CAREC countries seek trade expansion through regional cooperation

The eight countries of the Central Asian Regional Economic Cooperation (CAREC) Program agreed on a Trade Policy Strategic Action Plan (TPSAP) to expand trade through regional cooperation.

ADB providing CAREC $4.5 million to improve research and training coordination

The Asian Development Bank is providing $4.5 million to foster closer cooperation among participating countries of the Central Asia Regional Economic Cooperation (CAREC) by establishing a virtual institute that will coordinate research, training, and dialogue within the regional organization.

Project Result/Case Study: Building Roads, Changing Lives

Decades of conflict destroyed much of Afghanistan's physical infrastructure, including its road network. Rehabilitation and upgrading of the country's roads and highways is improving access to markets, enabling private investment, and expanding foreign trade - all key to Afghanistan's further economic progress.

ADB extends $3M grant to facilitate trade in Central Asia

The Asian Development Bank is providing a $3 million grant to facilitate trade among member nations of the Central Asia Regional Economic Cooperation as part of efforts to promote sustained economic progress across the region

ADB assists in rehabilitation of road network in Central Asia to foster trade

he Asian Development Bank (ADB) is providing financial assistance to rehabilitate a key regional road network to reduce transport costs and foster trade and cooperation among Kyrgyz Republic, Tajikistan, other Central Asian nations, and neighboring People's Republic of China (PRC).

ADB: Regional cooperation essential to economic growth in Central Asia

Central Asian countries must work together to remove barriers hampering trade and improve roads and other infrastructure if the region is to maintain its rapid economic growth, a senior Asian Development Bank (ADB) official said ahead of a regional cooperation meeting.