The Ministry of Finance hosted a high-level delegation from the Eurasian Development Bank in Abu Dhabi, to discuss 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.
The meeting was attended by the Undersecretary of the Ministry of Finance, Younis Haji Al-Khouri, and the Acting Assistant Undersecretary for International Financial Relations, Ali Abdullah Sharafi, and the Eurasian Development Bank’s President, Nikolai Podgozov, attended the meeting.
The meeting discussed the prospects for discussion in the areas of infrastructure, alternative energy, water and food security, in line with the Bank’s development goals, in addition to examining opportunities for joint financing for development projects, discussing ways to achieve regional integration, and the role of the Eurasian Development Bank in promoting economic development across member states and other partners. .
Al-Khouri said: “This meeting confirms the UAE’s commitment to strengthening international partnerships aimed at achieving sustainable development at the global level, and based on its leadership position in the fields of infrastructure, clean energy, water and food security, the UAE is keen to build effective bridges of cooperation with the Eurasian Development Bank, including It contributes to creating opportunities and strengthening strategic partnerships that focus on achieving a positive economic and social impact in line with global development ambitions.”
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. The bank focuses on sustainable development projects, including infrastructure and clean energy projects. It maintains strong credit ratings globally, which reflects its pivotal role in achieving regional integration and sustainable economic development.
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