"Finance" Looking with the Eurasian Development Bank to strengthen cooperation
Abu Dhabi, December 17 / WAM / The Ministry of Finance and a high-level delegation from the Eurasian Development Bank, in Abu Dhabi, discussed ways to enhance financial cooperation between the UAE and the bank, in addition to exploring new opportunities for joint projects and investments that benefit both parties.
This comes within the framework of the Ministry’s keenness to strengthen the UAE’s strategic relations with regional and international financial institutions.
According to a press release issued today, the meeting was attended by His Excellency Younis Haji Al-Khouri, Undersecretary of the Ministry of Finance, and Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations, while the Eurasian Development Bank was attended by Nikolay Podgozov, President of the Bank, and Evgeny Evgeny, on the part of the Eurasian Development Bank. Vinokourov, Vice President and Chief Economist of the Bank, Daniyar Imangiliev, Vice President of the Bank, and Anna Maria Shkonia, Director General, Head of the International Cooperation Department.
The meeting discussed prospects for cooperation in the fields of infrastructure, alternative energy, water and food security, in line with the Bank’s development goals, in addition to discussing opportunities for joint financing for development projects, ways to achieve regional integration, and the role of the Eurasian Development Bank in promoting economic development across member states and other partners.
His Excellency Younis Haji Al Khouri said that the meeting confirms the UAE’s commitment to strengthening international partnerships aimed at achieving sustainable development at the global level, based on its leadership position in the fields of infrastructure, clean energy, water and food security, indicating the UAE’s keenness to build effective bridges of cooperation with the Development Bank. Eurasian, which contributes to creating opportunities and strengthening strategic partnerships that focus on achieving a positive economic and social impact in line with global development ambitions.
He stressed the Ministry’s keenness to explore more cooperation opportunities with the Eurasian Development Bank, especially within the framework of its efforts to implement huge investment projects and initiatives that enhance regional integration, pointing to the activation of partnership channels in a way that contributes to achieving the development aspirations of member states and benefiting from the pioneering UAE experience in economic development.
It is noteworthy that the Eurasian Development Bank includes six member countries: Armenia, Kazakhstan, Russia, Kyrgyzstan, Belarus, and Tajikistan, and has an investment portfolio estimated at $15.3 billion. It focuses on sustainable development projects, including infrastructure and clean energy projects, and maintains credit ratings. Strong globally, which reflects its pivotal role in achieving regional integration and sustainable economic development.
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