Transcript Title

CAREC Experience and Future
Challenges and Opportunities
C.C. Yu
Country Director
Tajikistan Resident Mission
Asian Development Bank
What is CAREC?
Partnership
– 10 countries and 6 MIs, each with clear roles
– Working together to promote regional economic
development and the mutual benefits of regional
cooperation
– Strong MI collaboration, but leadership by countries
– ADB is CAREC Secretariat
Action and results oriented
– Based on clear strategy and action plan
– Invest in transport, energy, and trade facilitation
– Promote capacity development and networking
Challenges in CAREC region
Investment and trade barriers to growth and development
- Poor legal and regulatory environment presenting high
transactions costs for business and trade
- Major gaps and decays in the transport infrastructure (roads,
rails, airports)
- Poor border facilities and cumbersome and costly trade
procedures (among the highest trading costs in the world)
.
- Weak management of substantial regional energy resources
CAREC 2020: Focus, Action, Results
Strategic objectives
- Expanded trade
- Improved competitiveness
Operational priorities
- Transport, energy, trade
- CAREC Institute, economic corridors
Partnership to harness economic opportunities
- proximity to sizable European markets
- proximity to the buoyant markets of Asia
- at the hub of a rapidly integrating Eurasian
super-continental economic space
CAREC Key Areas:
Priorities & Opportunities
Transport Program
Aims for greater physical connectivity through infrastructure
investments across CAREC road and rail networks and at
border-crossing points.
Trade Facilitation
Program
Aims for boosting intra-regional trade by forging and
implementing agreements to facilitate cross border and
transit movements of goods, and through customs reform
and modernization.
CAREC Key Areas continued…
Trade Policy
Program
Assists member countries in taking advantage of the opportunities
afforded by membership in WTO through studies and knowledge
sharing on trade policy reform, and supporting capacity building
initiatives.
Energy Program
Improves energy security and energy efficiency through
investing in developing energy resources in the region and
infrastructure for energy trade
CAREC Key Areas continued…
CAREC Institute
- CAREC is establishing a physical base for CI to expand
analytical work to better address challenges and pursue
opportunities for the program
- Provides training and of web-based information in transport,
trade, and energy to help CAREC members learn from each
other and share experience in regional cooperation.
Second-Tier Areas
-
Communicable disease and control
Agriculture
Disaster risk management
Climate change adaptation and mitigation
CAREC-Related Loan and Grant Investments 20012012, by Financing Source (in million $)
IsDB
1,302
EBRD
1,602
CAREC
governments
4,279
Non-CAREC
Cofinanciers
909
ADB
7,505
Total
$21.3 billion
WB
5,639
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Back to previous slide
CAREC investments and results by sector
Transport
More than $17 billion had been
invested since 2001 to 85 CAREC
related transport projects along the
6 corridor routes.
Corridors 1,2 and 3 have cut
journey by as much as 33%
Better roads increased private and
freight travel; less damage and
lower costs for consumers
CAREC investments and results by sector
Trade Facilitation
$247 million of CARECrelated trade facilitation
projects have been and are
being implemented.
Modest improvement in
boarder crossing time
based on Corridor
Performance Measurement
and Monitoring (CPMM)
Survey
CAREC investments and results by sector
Trade Policy
Structured long term approach for
training and sharing of experiences for
WTO accession and post-accession
reforms
Ongoing accession of CAREC
countries to WTO: Tajikistan on 2
March 2013, Afghanistan and
Kazakhstan expected in 2013.
CAREC’s non-WTO member countries
learn experiences through CAREC
Institute’s capacity building efforts
CAREC investments and results by sector
Energy
Mobilized around $3.37 billion
since 2001 for 26 projects for
expanding bilateral power trade
and improving regional power
network.
More than 2,300 km of
transmission lines built, and
bringing reliable electricity to
people and businesses.
Wuhan Action Plan (Investment Prospects)
Transport
A total of 68 priority investment projects amounting to almost $23
billion, with about $15 billion worth of funding requirement.
COUNTRY
Total Investment
(mln $)
Financed
Required
Financing
AFG
1,452
927
525
AZE
2,324
809
1,515
KAZ
4,791
1,459
3,332
KGZ
819
120
699
MON
2,497
45
2,452
PAK
5,426
316
5,110
TAJ
1,146
482
664
TKM
654
-
654
UZB
3,408
3241
167
TOTAL
22,518
7,399
15,118
Wuhan Action Plan (Investment Prospects)
Trade Facilitation
Priority projects
- Regional Improvement of Border Services (RIBS) 2 - ($15.5 mln)
- Regional Improvement of Corridor Efficiency (RICE) – ($17 mln)
- Regional Upgrade of SPS Measures for Trade (RUST) – ($18 mln)
Regional Technical Assistance
- Aligning customs procedures with best practice
- Coordinated border management
- Regional investment project preparation
- Assistance on SPS
- Regional transit
- Regional interoperability of national SWs
- PPP modality for multi-modal transport