Qatar participates in 17th Meeting of Council of Arab Finance Ministers

His Excellency Ali bin Ahmed al-Kuwari, the Minister of Finance and Chair of the Asian Infrastructure Investment Bank (AIIB) Board of Governors, affirmed Qatar's commitment to strengthening multilateral cooperation. He praised the AIIB's role in promoting sustainable infrastructure development and enhancing connectivity among member states.

As a founding member, Qatar reiterated its dedication to fostering international partnerships and dialogue. He highlighted Qatar's resilience and the country's role as a mediator, advocating for de-escalation and dialogue. The AIIB approved $10.6 billion in financing across 57 projects last year, with 71% allocated to climate-related outcomes.

The bank's updated strategy aims to double annual financing to $17 billion by 2030 and mobilize more private capital. The opening session of the 11th Annual Meeting of the AIIB Board of Governors reviewed the bank's priorities and its role in supporting sustainable development, resilience, and growth amidst global challenges. Discussions emphasized the need to strengthen multilateral cooperation, mobilize capital, and invest in sustainable infrastructure projects.