Subscribe The EFSD supports the CAREC programme’s efforts to promote sustainable development
Representatives of the Eurasian Fund for Stabilization and Development (EFSD) took part in a series of Central Asia Regional Economic Cooperation (CAREC) programme events focused on fostering sustainable economic growth and enhancing connectivity in the region
The EFSD supports the CAREC programme’s efforts to promote sustainable development
Representatives of the Eurasian Fund for Stabilization and Development (EFSD) took part in a series of Central Asia Regional Economic Cooperation (CAREC) programme events focused on fostering sustainable economic growth and enhancing connectivity in the region. The key meetings – the Transport Sector Coordinating Committee Meeting and the Senior Officials’ Meeting – were held on 16–19 June 2025 in the Kyrgyz Republic, which currently chairs the programme.
During the meetings, EFSD experts underscored the need to further develop CAREC’s economic and financial stability cluster. They noted that this would provide a robust foundation for long-term economic growth and amplify the impact of large-scale investment projects across the participating countries. Particular emphasis was placed on the importance of a coordinated approach to risk assessment, the exchange of best practices, and active cooperation in shaping economic policy measures. Such synergies will support the effective advancement of CAREC’s ambitious agenda in transport, energy, trade and other key sectors.
An EFSD speaker also highlighted that limited transport connectivity remains a major barrier to development in the region. Unlocking the region’s full economic potential requires a comprehensive approach – not only to address infrastructure bottlenecks, but also to improve the institutional environment, strengthen human resources and advance the regulatory and legal framework.
The Eurasian Fund for Stabilization and Development (EFSD) is a regional financing arrangement totalling over US $9 billion, established in 2009 by the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Republic of Tajikistan. The EFSD aims to promote economic and financial stability in its member states and support their sustainable development.