CAREC Projects Portfolio Overview
From 2001 to December 2025, CAREC investments reached $57.9 billion, covering 300 regional projects. Of the total, about $19.7 billion was financed by ADB, $26.5 billion by other development partners, and $11.7 billion by CAREC governments. The top three sources of financing are ADB (33.9%), the World Bank (21.9%) and counterpart financing from CAREC governments (20.3%). (Figure A.1 and A.2)
A.1 Total CAREC-Related Investments by Funding Source (2001-2025)
Source: Consolidated by CAREC Secretariat from development partners.
ADB = Asian Development Bank, AIIB = Asian Infrastructure Investment Bank, DPs = Development Partners, EBRD = European Bank for Reconstruction and Development, IsDB = Islamic Development Bank. WB = World Bank.
Notes:
1. Totals may not add up due to rounding.
2. Other development partners include cofinancing from Abu Dhabi Fund for Development, Agence Française de Développement, China Development Bank, China Ex-Im Bank, Eurasian Development Bank, Eurasian Fund for Stabilization and Development, European Investment Bank, European Union, Foreign, Commonwealth, and Development Office, Green Climate Fund, Japan International Cooperation Agency, OPEC Fund, Kuwait Fund for Arab Economic Development, Saudi Fund for Development, the Governments of the People’s Republic of China, Japan, Netherlands, Norway, Republic of Korea and the United States of America, and other multi-donor trust funds and commercial sources.
A.2. Cumulative CAREC-Related Investments by Year and Financing Source, 2001-2025
Source: Consolidated by CAREC Secretariat from development partners
Of these investments, the traditional sectors of transport and energy; followed by the trade, tourism and economic corridors cluster have the biggest share, with about 68.1% ($35.9 billion), 24.3% ($12.4 billion) and 4% ($2.3 billion) respectively (Figure B). Investments in new clusters such as agriculture and water, and human development, are slowly increasing, reflecting evolving priorities of member countries.
B. Total Amount of CAREC-Related Investments by Sector (2001-2025)
Source: Consolidated by CAREC Secretariat from development partners
bn = billion
Note: Totals may not add up due to rounding
Uzbekistan has contributed the largest share in CAREC-related projects, with one-fourth (25%) of the total cumulative investments availed by the country since its inception. This is followed by Kazakhstan (21.7%) and Azerbaijan (12.1%). (Figure C)
C. Total Amount of CAREC-Related Investment Projects by Country (2001-2025)
Source: Consolidated by CAREC Secretariat from development partners.
AFG = Afghanistan, AZE = Azerbaijan, GEO = Georgia, KAZ = Kazakhstan, KGZ = Kyrgyz Republic, MON = Mongolia, PAK = Pakistan, PRC = People’s Republic of China, TAJ = Tajikistan, TKM = Turkmenistan, UZB = Uzbekistan
Note: Totals may not add up due to rounding
For ADB-financed CAREC-related projects, transport has the biggest share, with about 73.5% or $14.4 billion; energy comes in second with 17.4% or about $3.4 billion, with the trade, tourism and economic corridors cluster coming in third with 7.3% or about $1.4 billion. Investments in new CAREC clusters such as agriculture and water and human development are also slowly expanding. (Figure D)
D. Total Amount of CAREC-Related ADB Investments (2001-2025)
Source: Consolidated by CAREC Secretariat from development partners.
bn = billion
Note: Totals may not add up due to rounding