BAKU HOSTS CAREC CONFERENCE

Baku, 21 November,(AzerTAj) A conference of the Central Asia Regional Economic Cooperation (CAREC) program of the Asian Development Bank started in Baku, on November 21.

The event brought together delegates from Kazakhstan, Kirgizia, Uzbekistan,
Tajikistan, Afghanistan, Mongolia and China.
Azerbaijan`s Minister of Economic Development Shahin Mustafayev noted that CAREC put
forward important proposals and the government will do all the best to implement
them.
President of ADB underlined that this structure has invested US $ 5 bln in six
projects for construction and reconstruction of the roads (including Azerbaijan).
Additional US $ 14 bln will be invested till 2020. One of these projects includes
creation of East-West transport corridor in Azerbaijan, which is to connect Asia
with Europe.
Cooperation in energy area, hydroelectric potential, water resources were also
discussed at the conference.