CAREC’s overall institutional framework guides and strengthens the partnership in planning, prioritization, and implementation of all aspects of the Program. It is committed to
- broad-based dialogue and consensus building, leading to growing trust and confidence among all participating countries and stakeholders;
- identification and prioritization of regional cooperation initiatives, and assistance in preparing and implementing these initiatives; and
- mobilization of financial and technical resources for accelerated progress.
An annual ministerial conference provides overall guidance to the program and determines policy and strategic directions. ADB serves as the CAREC Secretariat.
Bi-annual senior officials’ meetings assess opportunities and identify options for CAREC from a regional perspective. The senior officials report annually to the ministerial conference.
Each of CAREC’s priority areas—transport, trade facilitation, energy, and trade policy—is led by a committee comprising country and multilateral institution representatives. The four sector coordinating committees report to the senior officials of CAREC on a regular basis, sharing progress and emerging issues.
Each CAREC country has appointed a senior government official as CAREC national focal point to ensure effective coordination among all relevant agencies and other interested parties in matters related to regional economic cooperation.