CAREC Institute Signed the Memorandum of Understanding with Export-Import Bank of China

On December 27, the CAREC Institute and the Export-Import Bank of China signed the Memorandum of Understanding for cooperation in the areas of knowledge sharing, knowledge generation and capacity building.

During the signing ceremony, Mr. Kabir Jurazoda, Director of the CAREC Institute, emphasized the important role of Chinese organizations in knowledge cooperation in the CAREC region. The People’s Republic of China is a key leading participant in the CAREC Program, providing significant support to the knowledge activities of the CAREC Institute. The headquarters of the CAREC Institute is also located in Urumqi, Xinjiang Uygur Autonomous Region of China. “The CAREC Institute and the Export-Import Bank of China will combine their vast knowledge resources to work on building the shared prosperity in the CAREC region. The signing of the Memorandum of Understanding is a testament to our commitment to cooperation for regional economic development of Central Asia,” said Mr. Kabir Jurazoda.

Vice President of the Export-Import Bank of China, Dr. Zhang Wencai, congratulated both parties on the new Memorandum of Understanding, reaffirming parties’ willingness to work together on research and capacity building in the areas of regional economic integration, free trade, climate change, energy transformation, sustainable development, digitalization and other issues of interest to CAREC member countries. He noted that the CAREC Institute is in a unique position to promote regional cooperation. The Export-Import Bank of China is a policy bank which has clear-cut market positioning, well-defined business portfolio, unique functions, sufficient capital, good governance, strict internal control, safe operation, high-quality service and sustainable development capability. Its financial support is aimed at foreign trade, cross-border investment, the Belt and Road Initiative, international industrial capacity and equipment manufacturing cooperation, science and technology, cultural industry, “going global” endeavors of small and medium enterprises, and the building of an open economy.