With a strategy anchored on regional cooperation, CAREC countries and development partners remain committed to working together to find shared solutions and enable the region to overcome challenges brought about by the coronavirus (COVID-19) pandemic.
More rapid digitalization and leveraging the private sector can support the recovery from the coronavirus disease (COVID-19) pandemic, accelerate regional cooperation, drive innovation, and help countries adapt to new and evolving forms of globalization.
Source: Asian Development Bank
The meeting included a session on projects to improve connectivity, modernize wholesale markets, improve regional health, and support clean air measures in Almaty and Bishkek.
The Asian Development Bank (ADB) and World Trade Organization (WTO) Secretariat organized a seminar to prepare the Government of Turkmenistan for WTO accession.
CAREC organized a virtual high-level panel to discuss financial stability implications and regional cooperation amid the coronavirus disease (COVID-19) pandemic.
The conference provided an opportunity to hold high-level deliberations on the importance of regional cooperation to restore economic stability, support economic growth, and create jobs and livelihood opportunities in CAREC member countries affected by the COVID-19 pandemic.
Representatives from multilateral and bilateral development partners explored ways to further expand their engagement with the CAREC Program.
The Central Asia Regional Economic Cooperation (CAREC) Program focuses investment and other activities on developing the six competitive transport corridors that link north, south, east, and west throughout Central Asia. Since 2001, CAREC has invested at more than $19 billion in transport projects along 6 corridor routes.
The six member countries of the Central Asia Regional Economic Cooperation (CAREC) Program are working together to move people, goods, and vehicles across borders faster, more efficiently, and at least cost. Since 2002, CAREC has mobilized around $268 million for projects that support growth in trade.
The Central Asia Regional Economic Cooperation (CAREC) Program aims to secure energy through the balanced development of the region's energy infrastructure, stronger integration of energy markets, and economic growth through energy trade. Since 2001, CAREC has invested more than $5.2 billion in 37 projects, mostly aimed at expanding bilateral electricity trade and improving the regional power network.