The Minister Of Finance Participates In The Meetings Of The Asian Infrastructure Investment Bank

Baghdad / NINA / -Minister of Finance, Taif Sami participated in the Board of Governors of the Asian Infrastructure Investment Bank, Director of the Iraqi External Development Fund, within the eighth annual meeting of the Asian Infrastructure Investment Bank, held on September 25/26 in Sharm El-Sheikh.

The Minister of Finance indicated, during the meeting, which was opened by Egyptian President Abdel Fattah El-Sisi, with the participation of 106 countries, including Iraq, which is participating for the first time, that “this meeting is of utmost importance to Iraq, as it is the first meeting after joining the bank, and out of belief in the role that the bank plays with Iraq's need to rehabilitate and develop its infrastructure, which is considered one of the most promising markets, especially in the field of industry, transportation, and energy, all legislative and legal procedures have been completed and the Iraqi flag has been raised among member states.

Sami stressed the bank’s role in deepening cooperation between all parties, enhancing communication between Asia and the countries of the world, stimulating investments, and financing infrastructure projects in light of the global financial crises.

She added, "The meeting is of great importance for effectively contributing to opening new horizons for the Bank with member states, as they are in dire need of huge infrastructure projects, reconstruction, climate efforts, and the green economy, pointed out the projects that the Bank can finance that would achieve economic development in developing countries including Iraq.

In a related context, Finance Minister Taif Sami met with the Vice President of the Asian Bank, Konstantin Lemdtovsky, and they discussed entering into joint projects related to the public and private sectors in the field of industry, transportation, and energy.

Sami explained that their desire to enter the field of infrastructure investment will be conveyed to the Iraqi government and provide them with projects that Iraq considers top priorities. She pointed out that Iraq aims to benefit from the experiences and capabilities of the Asian Bank in mobilizing financial resources for private investments, in order to achieve comprehensive and sustainable development goals./ End