Central Asia Regional Economic Cooperation Program

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.

Central Asia Regional Economic Cooperation (CAREC) Program

Company type	Economic corridor
Founded	1997; 28 years ago (1997)
Headquarters	Mandaluyong, Metro Manila , Philippines
Area served	Afghanistan, Azerbaijan, People’s Republic of China, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan
Parent	Asian Development Bank
Website	www.carecprogram.org

CAREC Member countries

CAREC Members

The 11 CAREC Member countries are:^[1]

• Afghanistan
• Azerbaijan
• China
• Georgia
• Kazakhstan
• Kyrgyz Republic
• Mongolia
• Pakistan
• Tajikistan
• Turkmenistan
• Uzbekistan

Multilateral Institution Partners

CAREC has seven multilateral institutions partners:^[2]

• Asian Development Bank (ADB). ADB serves as the CAREC Secretariat.
• Asian Infrastructure Investment Bank (AIIB)
• European Bank for Reconstruction and Development (EBRD)
• International Monetary Fund (IMF)
• Islamic Development Bank (IsDB)
• United Nations Development Programme (UNDP)
• World Bank

Ministerial Conferences

CAREC holds an annual ministerial conference.^[3]

• 2011 – Baku, Azerbaijan^[4]
• 2012 – Wuhan, People's Republic of China^[5]
• 2013 – Astana, Kazakhstan^[6]
• 2014 – Bishkek, Kyrgyz Republic^[7]
• 2015 – Ulaanbaatar, Mongolia^[8]
• 2016 – Islamabad, Pakistan^[9]
• 2017 – Dushanbe, Tajikistan^[10]
• 2018 - Ashgabat, Turkmenistan^[11]
• 2019 - Tashkent, Uzbekistan ^[12]
• 2020 - Virtual Meeting ^[13]
• 2021 - Virtual Meeting ^[14]
• 2022 - Virtual Meeting ^[15]
• 2023 - Tbilisi, Georgia ^[16]

See also

• Quadrilateral Traffic in Transit Agreement
• Khyber Pass Economic Corridor