The Islamic Republic of Iran is slated to host the 3rd Ministerial Conference of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), PressTV reported.
Ministers and representatives from 62 countries are set to participate in the event which will be held in the Iranian capital, Tehran, from November 11 to 14.
The conference will kick off on November 11 with the High-level Expert Group Meeting which will be followed by a Business forum on November 13 and the 3rd Asia-Pacific Ministerial Conference on Public-Private Partnership for Infrastructure Development on November 14.
According to a report issued by the organizers of the event, the conference aims to review the ongoing economic and developmental process taking place in the ESCAP member countries.
"The demand for infrastructure in the Asia Pacific region remains strong as countries plan to be competitive and accommodate growing population. The magnitude of investment needed is enormous and funding the multitude of projects required in emerging markets is an important challenge for governments and the financial sector," the report said.
The ESCAP report further stated that the required funding for the financial projects cannot be raised entirely from public budgets, which encourages the governments to utilize the private sector's ability to contribute to the maintenance of infrastructure.
The United Nations Economic and Social Commission for Asia and the Pacific was established in 1974 to help overcome some of the region's greatest challenges by providing results-oriented projects, technical assistance and capacity building to its 62 member states.