ADB to expand support for CAREC as regional cooperation financing target rises to 30%
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The Asian Development Bank intends to increase its backing for regional cooperation efforts. This includes the Central Asia Regional Economic Cooperation Program. A new strategy has been developed to boost the proportion of operations focused on cross-border projects. The bank aims for these projects to make up 30% of its operations by 2030.
The Asian Development Bank (ADB) plans to strengthen its support for regional cooperation initiatives, including the Central Asia Regional Economic Cooperation (CAREC) Program, under a new strategy aimed at increasing the share of its operations supporting cross-border projects to 30% by 2030.