His Excellency the Minister of Finance and member of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), Mohammed Aljadaan, met today, Wednesday, November 23, 2022, at his office in the Ministry of Finance the President of the Asian Infrastructure Investment Bank, Mr. Jin Liqun, in the presence of a number of ministry and bank officials.
During the meeting, His Excellency the Minister of Finance commended the Asian Infrastructure Investment Bank for its efforts during these overlapping crises. Aljadaan emphasized the importance of prioritizing supporting infrastructure where the need is most pressing, such as food and energy sectors.
In addition, he highlighted the importance for the Bank to strengthen its efforts to enhance cooperation and regional partnerships, with the aim of addressing development challenges by working in close cooperation with development institutions, stressing the keenness of the Kingdom to support these efforts, and strengthen and expand the means of cooperation.
For his part, the President of the Asian Infrastructure Investment Bank expressed his appreciation and gratitude to The Kingdom's continuous support to the Bank since its inception, including the latest support in the amount of $10 Million to the Special Fund Window that targets providing concessional loans to the Low-Income Countries. He highlighted the bank's keenness to enhance this cooperation and participate in development projects various sectors.
The Kingdom is a founding member of the Asian Infrastructure Investment Bank. The bank, which was established in 2015 and began operations in 2016, and is headquartered in the Chinese capital, Beijing, is a multilateral development finance institution that aims to promote economic development and improve infrastructure connectivity in Asia and beyond by investing in green infrastructure that reflects sustainability and innovation.