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Saudi Finance Minister Calls for Asian Investment Cooperation

Saudi Finance Minister Calls for Asian Investment Cooperation

Saudi Finance Minister Mohammed al-Jadaan emphasized the importance of strengthening cooperation between the Asian Infrastructure Investment Bank (AIIB), multilateral development banks, and international organizations. The goal is to exchange expertise, avoid duplication, and provide additional resources. He affirmed that the success of the bank is measured by its developmental impact, rather than just the size of funding or project approvals. He expressed a desire to improve infrastructure services, strengthen institutions, increase economic resilience, and boost private sector participation. He called for enhanced communication with member countries to better understand their circumstances and prioritize infrastructure needs. He underscored the importance of supporting long-term programs that align with national strategies.

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