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Ch.Otgochuluu Chief Economist
Competitiveness in Central Asia
ADB began the Central Asia Regional Economic Cooperation (CAREC) Program in 1997 to foster economic cooperation and integration in Central Asia.
10 countries (Afghanistan, Azerbaijan, People ’s Republic of China, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan)
• energy • trade policy • transport • trade facilitation
Pushing for Energy Security and Trade in the Region
Trade Expansion through Regional Cooperation
Connecting CAREC Countries and People
Faster, More Efficient Movement Across Borders
The CAREC Corridors Corridor 1: Europe–East Asia (Kazakhstan, the Kyrgyz Republic, and XUAR) Corridor 2: Mediterranean–East Asia (Afghanistan, Azerbaijan, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, Uzbekistan, and XUAR) Corridor 3: Russian Federation–Middle East and South Asia (Afghanistan, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan) Corridor 4: Russian Federation–East Asia (IMAR, Mongolia, and XUAR) Corridor 5: East Asia–Middle East and South Asia (Afghanistan, the Kyrgyz Republic, Pakistan, Tajikistan, and XUAR) Corridor 6: Europe–Middle East and South Asia (Afghanistan, Kazakhstan, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan) IMAR = Inner Mongolia Autonomous Region; XUAR = Xinjiang Uygur Autonomous Region. Both are regions of the People’s Republic of China.
- attract interest of national and foreign private sector (developers, financiers, technology and solution providers) to invest in the region,
- showcase successes realized and identify needed improvements in the investment climate
- develop concrete and innovative solutions with ADB, the private sector, and development partners to attract investments from potential investors from CAREC member countries as well as other industrialized countries
First time, CAREC Investment forum organized by ADB, ERDENES MONGOL, BCM in Ulaanbaatar, Mongolia
- In this forum attended 26 countries 35 0 participants
Panel 1: Recipe for Success in CAREC
Keynote Address
Panel 2: The CAREC Region— Land of Opportunities
Panel 3: Investing in a Regionally Connected Mongolia
Afghanistan Azerbaijan People’s Republic China Kazakhstan Kyrgyz Republic Mongolia Pakistan Tajikistan Turkmenistan Uzbekistan
Business oriented,
Profitable
Government dependency
Socially oriented,
Unprofitable
Good governance,
Independent operation
2012
2015
2020
2018
2022
2025
2008
Erdenes Mongol development vision
Thank you