AIIB board stresses more efforts to address global economic challenges

Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and the UAE Governor to the Asian Infrastructure Investment Bank (AIIB), participated in a high-level roundtable held on the sidelines of the Bank's 10th Annual Meeting of the Board of Governors, hosted in Beijing from 24th to 26th June, under the theme “Connecting for Development, Collaborating for Prosperity”.

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During the meeting, the Board reviewed key achievements over the past year and explored future initiatives and projects. Participants emphasised the importance of coordinated international efforts to address global economic challenges - particularly those related to climate change - by expanding strategic partnerships, mobilising concessional finance, and investing in sustainable infrastructure.

Dr Al Jaber commended AIIB’s pioneering achievements and its critical role in financing transformative infrastructure projects across member countries.

He noted that the UAE's support for this strategic partnership aligns with the directives of its wise leadership, which prioritises multilateral cooperation, economic development, and bridge-building among nations.

During his meeting with Zou Jiayi, the new President of AIIB, Dr Al Jaber reaffirmed the UAE's continued support for AIIB’s efforts to expand its global impact, noting the Bank's success since its establishment in improving living standards in many countries through developmental support and showcasing the importance of multilateral institutions in both development and financing.