Jordan Participates in the Asian Infrastructure Investment Bank (AIIB) Board of Governors 9th annual meeting
Ministry of Planning and International Cooperation participates in the 9th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) Board of Governors for the year 2024, which takes place in Samarqand, Uzbekistan under the patronage of the Uzbek President during the period 25-26/9/2024 under the theme "Building Resilient Infrastructure for All".
The Secretary-General of the Ministry of Planning and International Cooperation, Marwan Al-Rifai, Jordan's alternate governor at the Bank, participates in this meeting, which is the main event for Member States to discuss the Bank's financial and institutional issues and future strategic directions, The meeting includes representatives of member states and international financing institutions.
The Governors held a roundtable session to discuss the implementation of the Bank’s institutional strategy and the needs of member states, focusing on using and developing the necessary tools to make greater use of the Bank’s resources to support its members, in addition to making institutional decisions related to the Bank’s work, as Jordan is one of its founding members and one of its signatories to its establishment agreement.
During the meeting, Jordan's representative stressed the importance of providing concessional financing for priority infrastructure projects within the Economic Modernization Vision (EMV), especially in the water, energy, and transportation sectors. He also highlighted the need to diversify financing tools for investment projects and reduce their cost for the private sector to enhance its participation in the development process, In addition to the need to provide technical assistance and expertise in designing and developing capital projects, as well as the need for financial institutions and multilateral banks to increase awareness and introduce their financing tools to reach the private sector; which motivates it to increase its investments and enables it to obtain concessional financing.