Central Asia Regional Economic Cooperation Program

The Central Asia Regional Economic Cooperation (CAREC) Program is an Asian Development Bank (ADB) supported initiative which was established in 1997 to encourage economic cooperation among countries in the Central Asian region. In particular, cooperation among the ADB member states of,

• Afghanistan
• Azerbaijan
• People's Republic of China (focusing on Xinjiang Uygur Autonomous Region)
• Kazakhstan
• Kyrgyz Republic
• Mongolia
• Tajikistan
• Uzbekistan

The CAREC program has focused to date on financing infrastructure projects and improving the region's policy environment in the priority areas of transport (especially road transport), energy (including the water-energy nexus), trade policy, and trade facilitation (especially customs cooperation). As of 31 December 2004, the ADB had approved seven regional investment projects totaling $275.1 million, mobilized cofinancing of $135.2 million for three of these projects, and approved 22 technical assistance grants totaling $12.9 million. In 2005-2006, investment projects totaling $247 million and technical assistance grants are planned totaling $12.3 million.

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Central Asia Regional Economic Cooperation - CAREC

The Central Asia Regional Economic Cooperation (CAREC) Program was initiated in 1997. CAREC’s goal is to improve living standards and to reduce poverty in CAREC countries through more efficient and effective regional economic cooperation. To date, the Program has focused on financing infrastructure...
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