Minister of Finance: AIIB can support Gulf connectivity and integration projects

His Excellency Ali bin Ahmed al-Kuwari, Qatar's Minister of Finance, affirmed that the Asian Infrastructure Investment Bank (AIIB) holds the capacity to facilitate connectivity and integration projects among Gulf nations. In a recent statement to the Qatar News Agency, al-Kuwari highlighted the significance of expanding the Bank's role in fostering development initiatives in Qatar and the broader region.

The 11th Annual Meeting of the AIIB Board of Governors, which took place in Doha, witnessed an unprecedented turnout, with over 1,000 participants, including more than 48 ministers from across the globe. These attendees primarily represented finance and economy ministries, underscoring the international significance of the event.

Al-Kuwari underscored that Qatar's hosting of the AIIB meeting exemplifies the country's esteemed standing on the global stage and the trust it commands. Qatar has been a founding member of the Bank since 2015 and continues to be a staunch supporter. He added that the Bank's mandate encompasses financing development projects, climate change initiatives, and various other projects worldwide, operating as a multilateral financial institution with members spanning Europe, Africa, Latin America, and North America.

The Minister of Finance emphasized that the high-level participation of officials and decision-makers at the AIIB meeting reflects Qatar's stature and the international trust it enjoys. He further affirmed that the country's ability to host major economic, financial, and sporting events bolsters its reputation as a global destination capable of organizing and hosting significant international gatherings, thereby enhancing Qatar's profile on the world stage.