Central Asian Economic Forum Welcomes New Members

    The Central Asian Regional Economic Cooperation Program, or CAREC, has welcomed two new members during its latest ministerial conference: Turkmenistan and Pakistan.

    “We welcome Turkmenistan and Pakistan as new CAREC members. We are confident that their participation in the CAREC Program will bring benefits to all,” CAREC ministers said in a statement. “CAREC fosters regional connectivity and instills a regional mindset to look beyond national interests.”

    The two countries’ inclusion in CAREC extends the program’s reach to the Arab region and beyond, and it improves the competitiveness of Central Asia in global markets, ADB noted in a news release. ADB has been CAREC’s secretariat since 2001.

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.