Our Story

  1. A. In October 2006, at the 5th CAREC Ministerial Conference in Urumqi, Xinjiang Uygur Autonomous Region, the PRC, the Ministers agreed to establish the CAREC Institute.
  2. B.In November 2007, the 6th Ministerial Conference in Dushanbe, Tajikistan, endorsed the CAREC Institute Prospectus, and agreed that the CAREC Institute would take the form of a virtual institute for three years (2008-2010).
  3. C.In September 2012, the Senior Officials Meeting (SOM) in Bangkok, Thailand, reached a principle agreement on the CAREC Institute’s establishment, and confirmed the CAREC Institute strategic knowledge framework for the period of 2012-2017.
  4. D.In October 2012, at the 11th Ministerial Conference in Wuhan, the PRC, the CAREC Ministers agreed to establish a physical base of the CAREC Institute.
  5. E.In October 2013, at the 12th Ministerial Conference in Astana, Kazakhstan, all member countries accepted the offer of the PRC to host the physical base of the CAREC Institute in Urumqi, Xinjiang Uygur Autonomous Region, the People’s Republic of China (PRC).
  6. F.In February 2014, Ministry of Finance of the PRC initiated the internal coordination group to prepare for the establishment of the CAREC Institute entity. In April 2014, the CAREC National Focal Points (NFP) meeting in Kuala Lumpur, Malaysia, discussed and finalized the discussion paper on the CAREC Institute.
  7. G.In November 2014, at the 13th Ministerial Conference in Bishkek, Kyrgyzstan, the Ministers endorsed the announcement on the establishment of the physical base of the CAREC Institute, and approved creation of the Governing Council of the CAREC Institute.
  8. H.In December 2014, the PRC Foreign Minister Wang Yi addressed a note to nine CAREC member countries through diplomatic channels proposing the CAREC Institute as an intergovernmental organization.
  9. I.In March 2015, the launching ceremony and the inaugural knowledge sharing workshop of the CAREC Institute was held in Urumqi, Xinjiang Uygur Autonomous Region, the PRC. Same month, the first Governing Council meeting convened. It established the Recruitment and Selection Committee and the Budget and Audit Committee, and appointed the first Director and the first Deputy Director One.
  10. J.In June 2015, the second Governing Council meeting approved the interim salary and the benefits package, the recruitment plan for the CAREC Institute staff for 2015-2016, the 2016 operational plan with 20 activities, some basic features for the draft intergovernmental agreement, and recruitment of Deputy Director Two.
  11. K.In June 2015, a memorandum of understanding (MOU) between the CAREC Institute and the International Food Policy Research institute (IFPRI) was signed in Beijing, the PRC. A conference on agricultural development was jointly hosted in Shenzhen in December 2016 to start more work in this area and promote development and cooperation in agriculture.
  12. L.In January 2016, a delegation of the CAREC Institute participated in a special NFP meeting held in Guangzhou, the PRC. At the meeting, a draft agreement of CAREC Institute’s establishment was discussed. The meeting reached a consensus that the document would be revised and circulated in April 2016 for further consideration by the CAREC country NFPs.
  13. M.In July 2016, the CAREC Institute has conducted four rounds of recruitment, through which seven national staff and nine international staff were recruited. The CAREC Institute started the first round of selection of the seconded specialists from member countries based on applications received. With the new staff on board, the core capacity was formed to start delivering knowledge services.
  14. N.In July 2016, at the 4th Governing Council meeting in Pakistan, Rules and Procedures for Budget Report Preparation was approved, and Rules of Procedure of Advisory Council were endorsed. Same month, a strategic cooperation agreement was signed between CI and the PRC Public Private Partnerships (PPP) Center to develop and strengthen collaboration by sharing knowledge and experience in the area of PPP.
  15. O.In June 2016, the CAREC Institute hosted the CAREC Think Tank Development Forum (CTTDF) in Astana with the theme of “Promoting Economic Cooperation for an Integrated Central Asia.”
  16. P.In October 2016, at the 15th Ministerial Conference in Islamabad, representatives from the PRC, Kyrgyzstan, Pakistan, and Uzbekistan signed the Inter-Governmental Agreement (IGA). Other countries expressed their commitments.
  17. Q.In December 2016, at the 5th Governing Council meeting in Shenzhen, the PRC, the CAREC Institute submitted the 2017 Work Plan and the report on Selection, Appointment and Rotation Procedures of the Institute’s management.
  18. R.In June 2017 in Vienna, Austria, a joint declaration was signed between the CAREC Institute and the United Nations Industrial Development Organization (UNIDO) to cooperate on capacity building in the area of inclusive and sustainable industrial development.
  19. S.In June 2017, the CAREC Institute signed a Memorandum of Cooperation with Xinjiang University of Finance & Economics to promote knowledge cooperation and seek mutual research collaboration and capacity building.
  20. T.In June 2017, at the 6th Governing Council meeting in Tbilisi, Georgia, the Mongolian nominee was appointed as the second Director of the CAREC Institute. The logo and the flag of the Institute were approved in the meeting.
  21. U.In April and June 2017, Uzbekistan and the PRC ratified the IGA respectively, Mongolia and Pakistan both ratified the IGA in August 2017.
  22. V.In 2017, the CAREC Institute has finalized its first research on macroeconomic monitoring and forecasting which provided a learning tool to government officials to conduct analysis of current state of the economy, and forecast near-term challenges and prospects.
  23. W.In December 2018, the status of IGA was reported as signed and ratified by ten countries with Kazakhstan being in the process of signing and ratification, and Turkmenistan having already initiated the ratification process.
  24. X.The CAREC Institute and the PRC signed the headquarter (host country) agreement in 2018 to enable the Institute fulfill its purpose fully and effectively.
  25. Y.In April 2019, the CAREC Institute held a series of meetings with the World Bank (WB), International Monetary Fund (IMF), Global Environmental Facility (GEF), and diplomatic representations to the UN in Washington D.C. and New York City (USA) regarding the policy dialogue on CAREC priority topics, provision of resource persons for knowledge service activities, coordination of trainings, and participation in CAREC Institute’s Advisory Council.
  26. Z.In May 2019, the CAREC Institute’s formal partnerships spanned across ten entities, the recent agreements being signed with the Brussels-based European Institute for Asian Studies and the Ulaanbaatar-based International Think Tank for Landlocked Developing Countries.