ADB is preparing a new strategy for defining priority areas of cooperation, investments and reforms with Azerbaijan and the Central Asian countries for the period leading to 2030, ADB’s Policy Economist Safdar Parvez said in an interview with CBC.
The Central Asia Regional Economic Cooperation, or CAREC, Program is a partnership of 11 countries (Afghanistan, Azerbaijan, People's Republic of China, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan), supported by 6 multilateral institutions, working together to promote development through cooperation, leading to accelerated growth and poverty reduction. The Program's long-term vision is Good Neighbors, Good Partners, and Good Prospects.
According to Safdar Parvez, within the framework of the CAREC program, the cooperation between ADB and Azerbaijan will be expanded even further covering more areas.
Azerbaijan joined the CAREC Program in 2003. Through CAREC, Azerbaijan has been working to promote growth and connectivity, and to make the region into a center of trade and commerce as global markets increasingly integrate.