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Asian Development Bank sends consultants to Baku

29 January 2009 13:08 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. The Asian Development Bank (ADB) has sent Robertino Macalde and Jerry Vellens to Azerbaijan for consultation on the projects undertaken within the scope of the Central Asia Regional Economic Cooperation (CAREC) Programme.
The objective of the consultations are aimed at preparing the capacity building framework of the customs officials and other stakeholders in trade facilitation process of the CAREC participating countries.
Duirng the two-day visit, the consultants will hold meetings at the Ministry of Agriculture, Ministry of Transport, the State Customs Committee, Azerbaijan Cargo Carriers Association.
CAREC is an allegiance 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.