ASIAN DEVELOPMENT BANK

The Central Asia Regional Economic Cooperation (CAREC) Program is a partnership of 10 Central Asian countries and development partners working together to promote development through cooperation. Since its inception in 2001, CAREC has mobilized $39.2 billion in investments that have helped increased energy trade and security, facilitated free movement of people and freight, establish multimodal transportation networks, and laid the groundwork for economic corridor development. CAREC Energy is a subprogram of the overall CAREC Program... CAREC Energy supports its member countries in achieving their shared vision of a reliable, sustainable, resilient, and reformed energy market by 2030. The CAREC Energy Program specifically aims to improve energy security in Central Asia by enhancing regional energy connectivity, scaling up investments and trade, and achieving greater sustainability and inclusiveness in the energy sector. The program's main guiding framework is the CAREC Energy Strategy..

Also known as: CAREC Energy

Primary location: Mandaluyong City Philippines