On December 2, the CAREC Institute and the Centre for Analysis of Economic Reforms and Communication (CAERC) of the Republic of Azerbaijan signed a Memorandum of Understanding affirming their intention for cooperation in strengthening regional cooperation and integration to promote sustainable economic development and shared prosperity. The document was signed by the Director of the CAREC Institute, Mr. Kabir Jurazoda, and the Executive Director of the CAERC, Professor Vusal Gasimli.
During the signing ceremony, which took place in Baku, Azerbaijan, Mr. Kabir Jurazoda noted the great importance of cooperation between the CAREC Institute and Azerbaijan’s think tanks, especially the CAERC, on joint research projects for the inclusive and sustainable development of the CAREC region. Professor Vusal Gasimli added that this memorandum will allow the two institutions to conduct joint research projects in supporting economic cooperation between CAREC member countries, particularly in the context of heightened attention on the development of the middle corridor.
The partnership aims at supporting the mechanisms for the exchange of knowledge and experience between the two institutes. The parties agree to jointly organize and participate in forums, conferences, trainings, seminars, and academic and professional meetings, provide necessary mentorship and learning opportunities for young professionals, conduct joint research, and foster capacity building activities. The parties agreed to organize regular consultation meetings to determine priority areas for joint activities under the newly signed Memorandum of Understanding.