CAREC Institute Progress Report Senior Officials’

CAREC Institute Progress Report Senior Officials’
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CAREC Institute Progress Report Senior Officials Meeting (SOM) 13-14 June 2023 Tbilisi, Georgia Kabir Jurazoda, CAREC Institute Director Governance Mid-Term Review (MTR) will highlight issues and challenges affecting the efficient

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CAREC Institute Progress Report Senior Officials’ Meeting (SOM)
13-14 June 2023
Tbilisi, Georgia
Kabir Jurazoda, CAREC Institute Director<br>
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Governance Mid-Term Review (MTR) will highlight issues and challenges affecting the efficient implementation of the Strategy, scan external environment and propose adjustments.

Governing Council (GC) – to hold the 14th meeting of the GC combined with the Ministerial Conference (MC) in November in Georgia.

Advisory Council (AC) – The fifth meeting of the revamped AC is tentatively scheduled for September in an online mode.
CI's new Director Mr. Kabir Jurazoda – a Tajikistan National – joined CI in November 2022 after completion of the tenure of Syed Shakeel Shah – a Pakistani National.<br>
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Financial Management Resource Mobilization Strategy – the third meeting of the Financial Sustainability Working Group (FSWG) was held online on 2nd June. Reviewed progress on resource diversification efforts, discussed various proposals and made suggestions for GC’s consideration.
The financial contribution – contribution from PRC is at the same level as in 2022, about $4 million. Of this amount, around $720,000 in rent for CI’s temporary office paid by Xinjiang Government has been received, and the contribution from the Ministry of Finance of the PRC is in the process.
In addition to contributions from member countries, Technical Assistance (TA) from the Asian Development Bank (ADB) has been another critical support for CI.
CAREC Institute have mobilized financing from IsDB, UNICEF for new project activities, and is also finalizing contract with CAAC for funding for the civil aviation project. 3<br>