Al-Jadaan on AIIB's development impact
Finance Minister Mohamed bin Abdullah Al-Jadaan emphasized that the success of the Asian Infrastructure Investment Bank is measured by its developmental impact, not by the size of its financing. He stated that the bank focuses on improving services and infrastructure development, strengthening institutions, increasing economic resilience, and promoting private sector participation. He called for enhancing communication with member countries and offering programs aligned with their national strategies. He also stressed the importance of collaborating with development banks and international organizations to ensure that each country's needs are adequately addressed. The Kingdom is among the founding members of the bank, which was established in Beijing in 2016, with the goal of promoting development and infrastructure across Asia.
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