Sep 25, 2024, 12:50 PM
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News ID: 85607367
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Iran urges more AIIB funding for its infrastructure projects

Sep 25, 2024, 12:50 PM
News ID: 85607367
Iran urges more AIIB funding for its infrastructure projects

Tehran, IRNA – Iran’s finance minister Abdolnasser Hemmati has called for increased contribution of the Asian Infrastructure Investment Bank (AIIB) to projects in the country.

Hemmati urged for increased financing of Iranian projects by the lender during a meeting on Wednesday with AIIB’s President and Chair of the Board of Directors Jin Liqun.

The two officials, who met on the sidelines of AIIB’s 2024 Annual Meeting in Samarkand, Uzbekistan, reiterated the need for arrangements that could allow Iran to obtain financing from the bank.

Iran urges more AIIB funding for its infrastructure projects

Liqun described Iran as an influential member of the AIIB and said the bank is making efforts to provide funding to the country.

The Islamic Republic of Iran became a member of the AIIB in 2015 after purchasing shares in the bank.

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