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URUMQI (TCA) — Asian Development Bank (ADB) President Takehiko Nakao on September 7 participated in the inaugural ceremony of the Central Asia Regional Economic Cooperation (CAREC) Institute, together with more than 100 participants from CAREC member countries and development partner organizations. In his speech, Mr. Nakao expressed confidence in the important role the new intergovernmental organization would play in the development of the CAREC program, as regional cooperation efforts among member countries enter a new phase, ADB said in a news release.

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