CAREC Institute and Eurasian Fund for Stabilization and Development Forge Deeper Ties at Eighth CAREC Think Tank Development Forum

At the recent 8th CAREC Think Tank Development Forum, the CAREC Institute had the distinct pleasure of engaging in a meaningful dialogue with the delegation from the Eurasian Fund for Stabilization and Development (EFSD). Mr. Kabir Jurazoda, Director of the CAREC Institute, expressed profound gratitude to the EFSD for its steadfast support and active participation in the Institute’s flagship events. He underscored the EFSD’s pivotal role in enhancing the quality and impact of these initiatives, emphasizing that such collaboration is vital for advancing shared goals in promoting economic stability and development across the region.

Mr. Sergei Ulatov, Deputy Managing Director and Senior Economist of the EFSD, also conveyed his appreciation for the opportunity to engage in the Forum. He highlighted the importance of these platforms for knowledge exchange, capacity building, and strengthening partnerships. Both parties concurred on the necessity of maintaining this momentum through ongoing collaboration, exploring new joint project opportunities, and continuing mutual support for each other’s events. This mutual commitment to sharing expertise and best practices will undoubtedly amplify the effectiveness of collective efforts in addressing regional challenges and fostering sustainable development.

Beyond reinforcing their existing partnership, the discussions unveiled new avenues for collaboration between the CAREC Institute and EFSD. Both parties recognized the potential to undertake joint research initiatives addressing critical regional issues. By harnessing the strengths and resources of both organizations, the CAREC Institute is confident that these collaborative efforts will significantly contribute to the region’s socio-economic progress and resilience.

The meeting concluded with a shared vision for the future, where the CAREC Institute and EFSD will continue to work closely, not only in organizing impactful events but also in driving policy dialogue and thought leadership in Central Asia. This enduring partnership exemplifies the power of regional cooperation, and the CAREC Institute anticipates many future successes stemming from continued collaboration.

About Eurasian Fund for Stabilization and Development

The Eurasian Fund for Stabilization and Development (EFSD), formerly the EURASEC Anti-Crisis Fund, is a regional financial arrangement with a capital of US$ 8.513 billion, established by Armenia, Belarus, Kazakhstan, Kyrgyz Republic, Russia, and Tajikistan. The Fund aims to mitigate the effects of economic crises, ensure long-term sustainability, and enhance economic integration among its member states. It provides financial credits for budgetary and balance-of-payments support exclusively to governments, extends investment loans to both member states and private companies, and offers grants to finance government programs in the social sector.