Egyptian President Sisi meets with President Jin Liqun

Seetao 2023-09-27 14:56
  • AIIB will prioritize supporting green infrastructure projects
  • The establishment of the Asian Infrastructure Investment Bank will help bridge the regional development financing gap
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The AIIB will give priority to supporting green infrastructure projects and enhance Africa's status in the global value chain. As a multilateral institution led by developing countries, the Asian Infrastructure Investment Bank is an important supplement and development to the current global economic governance system. The Asian Infrastructure Investment Bank is committed to exploring and building an open, efficient and inclusive community of interests with new governance mechanisms such as more reasonable capital structure, decision-making, and operations. The establishment of the Asian Infrastructure Investment Bank not only helps bridge the regional development financing gap and further connect the interests of developing and developed countries, but also enables developing countries to participate in shaping global economic governance.

Egyptian President Sisi met with Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB), in Sharm el-Sheikh, Egypt, on September 25. The two sides discussed cooperation in transportation, clean energy, green economic transformation and other fields.

The 8th Annual Meeting of the AIIB Council of Governors opened in Sharm el-Sheikh on the same day. Sisi met with Jin Liqun after attending the opening ceremony. A statement issued by the Egyptian Presidential Palace said that Sisi emphasized during the meeting that Egypt appreciates the excellent relationship with the AIIB, which has played an important role in Egypt's development process as Egypt's partner in the past few years. Egypt’s hosting of the annual meeting of the AIIB Board of Governors for the first time proves this point.

During the meeting, Jin Liqun expressed his gratitude to Egypt for successfully hosting this annual conference and expressed his appreciation for Egypt's development experience in economic and social aspects. He said that the AIIB attaches great importance to close cooperation with Egypt and its financial institutions and will further increase investment in Egypt, especially providing financing for infrastructure projects in important industries.

The two sides also discussed current efforts to reform the international financial system and the role of multilateral development banks in strengthening developing countries' ability to respond to global economic challenges.

This two-day annual meeting of the Council will take the theme of sustainable growth under global challenges, focus on key needs in the field of infrastructure development, and focus on the role of multilateral cooperation in promoting economic growth, promoting regional connectivity, and responding to common global challenges. plays an important role and has opened more than 20 special forums to the public. Editor/GaoLiMei


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