China and Central Asia are stepping up cooperation in the field of green finance and regional communications

BEIJING, May 9, 2022 / CNW / – On April 28, as part of the spring meetings, the International Finance Forum (IFF) joined forces with the Central Asian Institute for Regional Economic Cooperation (CAREC Institute) to organize an event dedicated to the 30thand anniversary of the establishment of diplomatic relations between China and the five Central Asian countries.

The topic was “The New Global Landscape: Cooperation on the Green Silk Road in Central Asia”, and experts and leaders from the regions held a constructive discussion on climate change, energy transition and how countries can work together to accelerate green innovation efforts.

“This year marks the 30thand anniversary of the establishment of diplomatic relations between China and Russia KazakhstanKyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan, “said Yu Hongjun, former Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Republic of Uzbekistan, in his keynote address.

Hongjun added that China expects even brighter growth prospects from the development of multinational initiatives in the region.

Sayed Shakil Shah, Director of the CAREC Institute, also reaffirmed that China and the five Central Asian countries have laid a solid foundation for future bilateral cooperation, and that the CAREC Institute is working to strengthen development and networking in the region.

In particular, Sayed Shakil Shah noted that the Central Asian region is facing serious challenges related to climate change, and countries need more financial support through the development of green finance. According to him, to build a future with inclusive growth, governments and businesses must work together.

For his part, Hu Xinlan, Senior Regional Cooperation Specialist, West Asian Central Asia Division, shared the CAREC 2030 strategy, a mission to create an open and inclusive platform for cooperation. CAREC 2030 identifies the priorities of five operational clusters, from economic and financial stability to human development, covering both traditional and new areas of cooperation in the region.

About the Central Asian Institute of Regional Economic Cooperation

Founded jointly by China and Central Asia, the CAREC Institute is an intergovernmental organization dedicated to promoting economic cooperation in Central Asia and along the Silk Road through the creation and exchange of knowledge. It now has 11 member states to accelerate economic governance and promote regional ties.

About the International Financial Forum

Founded in 2003, the International Finance Forum is an independent non-profit non-governmental organization. Founded by financial leaders from more than 20 countries, regions and international organizations, including China, the United States, the European Union and the United Nations, the forum is a long-term platform for high-level dialogue and communication. For more information, visit: http://www.iff.org.cn/php/list.php?tid=477

SOURCE International Financial Forum (IFF)

For more information: CONTACT PERSON: Steel Shen, (86) 10-5087 3634, [email protected]

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