The Central Asia Regional Economic Cooperation (CAREC) Institute has organized the fourth CAREC Think Tanks Development Forum (CTTDF) in cooperation with the Asian Development Bank (ADB), Regional Knowledge Sharing Initiative (RKSI) and International Economics and Finance Institute (IEFE) of the Ministry of Finance of the People’s Republic of China (PRC) on 27-28 August 2019 with a theme of “Trading for Shared Prosperity” in one of the ancient cities and starting points of the Silk Road, Xian, Shaanxi Province, the PRC.
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Sanjaasuren Bayaraa, director of the CAREC Institute in Urumqi, PRC, to enhance CAREC programs through knowledge generation and capacity building, said that CAREC should coordinate and collaborate with the Belt and Road Initiative for win-win results for all sides involved.
Asian Development Bank’s Board of Directors has approved $198 million in additional financing to scale up its support in enhancing horticulture value chain development in all 12 regions in Uzbekistan as well as in the autonomous region of the Republic of Karakalpakstan.
The top Chinese legislature ratified an agreement on the establishment of the Central Asia Regional Economic Cooperation (CAREC) Institute.