ISLAMABAD - The Economic Affairs Division in collaboration with the Asian Development Bank (ADB) will host the 15th Ministerial Conference of Central Asia Regional Economic Cooperation (CAREC) countries from 25-26 October, 2016 at Islamabad.

More than 200 participants from 10 member countries (Afghanistan, Azerbaijan, China, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, Uzbekistan and Georgia as an observer) and multilateral development partners will attend the events.

On the first day of event, CAREC Senior Officials' Meeting (SOM) will be held. Economic Affairs Division & National Focal Point Additional Secretary Anjum Assad Amin will co-chair the SOM. The national focal points and representatives from trade, transport and energy sectors from the member countries will participate in the SOM. During the SOM, key deliverables in the four priority sectors of CAREC (transport, energy, trade facilitation, and trade policy) will be presented. The draft report of Midterm Review of CAREC 2020 will also be presented.

On the second day, the Ministerial Conference will be inaugurated by the Prime Minister Nawaz Sharif and co-chaired by the Finance Minister Ishaq Dar and the ADB president. The representative of International Monetary Fund (IMF) will present the global economic outlook and its implications on the CAREC countries. The multilateral and bilateral development partners will share their input. The CAREC ministers will consider the draft Joint Ministerial Statement with a view to finalising and endorsing. Upon endorsement, a representative from the government of Georgia will make a statement as a new CAREC member.

At the end, Dar will also have a retreat session with all the heads of delegations from the member countries and discuss issues of mutual interest.

Participants of the meeting are member countries including Afghanistan, Azerbaijan, the People's Republic of China, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, Uzbekistan and Georgia will participate as an observer.

The multilateral and bilateral development partners for the conference are: Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), IMF, Islamic Development Bank (IDB), United Nations Development Programme (UNDP), and the World Bank (WB); representatives from CAREC Institute, Department for International Development, Deutsche Gesellschaftfuer Internationale Zusammenarbeit (GIZ), European Union, Federal Ministry for Economic Cooperation & Development (BmZ), Japan Ministry of Foreign Affairs, Japan International Cooperation Agency, US Department of State, United States Agency for International Development, and World Trade Organisation.