The Biden-Harris administration launched the Economic Resilience Initiative in Central Asia (ERICEN) in September 2022 to catalyze transformative economic growth across Central Asia in the wake of Russia’s unprovoked war of aggression in Ukraine. The United States provided $25 million in FY 2022 funding to diversify trade routes, expand investment in the region, and increase employment opportunities by providing the populations of Central Asia with practical skills for a modern job market. Working with Congress, the United States intends to add $20 million in FY 2023 funding to expand programming under ERICEN. The United States is also planning to provide $5 million to support regional connectivity through economic and energy programs, for a total of $50 million in regional programs.
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The CAREC Program is a committed partnership of 11 countries and development partners, working together to promote development through regional cooperation. Learn more ...
CAREC Secretariat
Asian Development Bank, CAREC Unit
6 ADB Avenue, Mandaluyong City, Metro Manila 1550, Philippines
Telephone: +632-8632-4444
Fax: +632-8636-2387
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The Central Asia Regional Economic Cooperation (CAREC) Program is a program established in 1997 by the Asian Development Bank (ADB) to encourage economic cooperation among countries in Central Asia and nearby parts of Transcaucasia and South Asia.
The Central Asian Regional Economic Cooperation (CAREC) Program is an Asian Development Bank (ADB) supported initiative which was created in 1997 to encourage economic cooperation among countries in the Central Asian region. Participating countries are Afghanistan, Azerbaijan, the People’s Republic of China, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan. CAREC has focused 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).
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CAREC 2030 provides the new long-term strategic framework for the program leading to 2030. It is anchored on a broader mission to connect people, policies and projects for shared and sustainable development, serving as the premier economic and social cooperation platform for the region. CAREC is an open and inclusive platform, and seeks to strengthen coordination with other international development partners and regional cooperation mechanisms active in the region.
For more information on the CAREC Program, please visithttps //www.carecprogram.org/.
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Agreements
- CAREC Transport Strategy 2030
- CAREC Integrated Trade Agenda 2030 and Rolling Strategic Action Plan 2018-2020
- CAREC 2030: Connecting the Region for Shared and Sustainable Development
- 16th Ministerial Conference on CAREC: Dushanbe Declaration
- Joint Ministerial Statement 15th Ministerial Conference on CAREC
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News
- Trade promotion with Central Asian states reviewed
- Uzbekistan: Agreements worth $26.6 billion signed at Tashkent Investment Forum
- Uzbekistan reaches agreement on investment cooperation with Azerbaijani company
- Uzbekistan and Kazakhstan launch E-Permit international cargo transportation system
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Opinions and Editorials
- Digitalization in these six sectors can boost regional cooperation in Central Asia Asian Development Bank 24 Jun 2022
- How economic corridors can boost Pakistan's prospects of becoming a regional economic hub Asian Development Bank 16 Jun 2022
- Uzbekistan and Tajikistan need to modernize existing and create new transport routes
- Uzbekistan’s key priorities for the comprehensive development of transport corridors in Central Asia Business New Europe 28 Apr 2021
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Studies and Research
- Digital and Sustainable Trade Facilitation in Central Asia Regional Economic Cooperation (CAREC) 2021 Economic and Social Commission for Asia and the Pacific (UNESCAP) and Central Asia Regional Economic Cooperation (CAREC) Institute United Nations Economic and Social Commission for Asia and the Pacific 23 Sep 2021 Enhancing Connectivity and Trade Between Central Asia Regional Economic Cooperation Countries and the World: Benefits, Risks and Policy Implication