29/09/2026
For 25 years, the Central Asia Regional Economic Cooperation (CAREC) Program has linked countries through roads, rail, and power lines, opening access to new markets. Cumulative investment now stands at $60.2 billion.
Meeting in Ulaanbaatar, CAREC ministers adopted a declaration setting out the next phase of regional cooperation. The focus is on making it easier to trade and invest, supported by better border crossings and stronger electricity and digital networks.
ADB plans to provide more than $7.5 billion in financing through 2030 and aims to catalyze around $3 billion from the private sector.
🔗 https://link.adb.org/3VVIIJT