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Top officials from ADB CAREC member states meet in Baku

19 November 2008 08:31 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Senior officials from the member states of Asian Development Bankâ€™s Central Asia Regional Economic Cooperation (CAREC) Programme have today gathered together in Baku.
APA-Economic learned that Azerbaijan, Kazakhstan, Tajikistan, Uzbekistan, Afghanistan, China and Mongolia are represented in the meeting.
Several important regional strategies involving trade, energy and transportation are being discussed at the meeting.
Samir Veliyev, Officer of Azerbaijanâ€™s Ministry of Economic Development, has joined the meeting with a delegation.
ADP President Haruhiko Kuroda will arrive in Azerbaijan on November 20 to attend the CAREC Seventh Ministerial Conference.
While in Baku, Mr. Kuroda will also meet with the country authorities, as well as with Azerbaijanâ€™s Minister of Economic Development Mr. Shahin Mustafayev.
CAREC is an alliance of eight countries â€“ Afghanistan, Azerbaijan, Peopleâ€™s Republic of China, Kazakhstan, Kyrgyz Republic, Mongolia, Tajikistan and Uzbekistan â€“ with the common goal of promoting economic cooperation and development in Central Asia. CAREC nations partner with six multilateral institutions â€“ the Asian Development Bank, European Bank for Reconstruction and Development, International Monetary Fund, Islamic Development Bank, United Nations Development Programme and the World Bank â€“ who combine their assistance in the priority areas of transport, energy and trade.
The Asian Development Bank is a multilateral development bank, owned by 67 member countries. ADBâ€™s main instruments for developing its member countries are policy dialogue, loans, equity investments, guarantees, grants and technical assistance.