22nd CAREC Ministerial Conference
Reinvigorating Regional Cooperation in Times of Change
Co-Chairs:
Mr. Levan Davitashvili
Vice Prime Minister
Minister of Economy and Sustainable
Development of Georgia
Mr. Scott Morris
Vice-President (East and Southeast Asia, and the Pacific)
Asian Development Bank
Joint Ministerial Statement
Country Statements
Development Partners’ Statements
22nd CAREC Ministerial Conference Message of World Trade Organization DDG Xiangchen Zhang (Nov 2023)
22nd CAREC Ministerial Conference Message of World Customs Organization
National Focal Points’ Pre-MC Statements
Background Papers for Information
Presentations
News Releases
Blogs
Other Initiatives
Tweets
Videos
Call to Action
22nd CAREC Ministerial Conference: Reinvigorating Regional Cooperation in Times of Change
Video Reels
Visit Silk Road: CAREC Tourism Portal Video
The Central Asia Regional Economic Cooperation (CAREC) Program is a partnership of 11 countries and development partners working together to promote development through cooperation, leading to accelerated economic growth and poverty reduction. It is guided by the overarching vision of “Good Neighbors, Good Partners, and Good Prospects.”
The program is a proactive facilitator of practical, results-based regional projects, and policy initiatives critical to sustainable economic growth and shared prosperity in the region. Since its inception in 2001 and as of December 2021, CAREC has mobilized $47.27 billion in investments that have helped establish multimodal transportation networks, increased energy trade and security, facilitated free movement of people and freight, and laid the groundwork for economic corridor development.
CAREC 2030 provides the new long-term strategic framework for the program leading to 2030. It is anchored on a broader mission to connect people, policies and projects for shared and sustainable development, serving as the premier economic and social cooperation platform for the region.
The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world.
ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development.
ADB is composed of 67 members, 48 of which are from the Asia and Pacific region.
ADB in Georgia
Located at the crossroads of Europe and Asia, Georgia has become an important node for regional trade flows. The Government of Georgia has taken steps to deregulate the economy, streamline bureaucracy, and combat corruption. Committed to a more inclusive growth process, the government has considerably increased social sector funding and made public expenditure transparent. Yet, despite solid economic growth, poverty and unemployment continue to impede Georgia’s development.
The key development priorities of ADB in Georgia are to foster inclusive and sustainable economic growth, accelerate poverty reduction, and enhance regional connectivity. Priority sectors include transport, water supply and sanitation, energy, public sector management, and finance.
In October 2016, Georgia became the 11th member of the Central Asia Regional Economic Cooperation (CAREC).
CAREC Energy Investment Forum | 28-29 November 2023, Tbilisi |
CAREC Gender Awards | 29 November 2023, Tbilisi |
CAREC Women Business Forum | 29 Novemeber 2023, Tbilisi |
For information on last year’s MC | 21st CAREC Ministerial Conference – 2022