Q. What exactly is CAREC programme and what are the goals it aims at? What function does CAREC Institute perform?
A. The Central Asia Regional Economic Cooperation (CAREC) Programme is a partnership of 11 countries – Afghanistan, Azerbaijan, the People’s Republic of China, Georgia, Kazakhstan, the Kyrgyzstan Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan and development partners working together to promote development through cooperation, leading to accelerated economic growth and poverty reduction.
Since its inception in 2001 and as of September 2020, CAREC has mobilised $39.2 billion in investments that have helped establish multimodal transportation networks, increased energy trade and security,…