IsDB and AIIB Discuss Broader Cooperation on Infrastructure Development in Common Member Countries

The Islamic Development Bank (IsDB) and the Asian Infrastructure Investment Bank (AIIB) have met virtually on the 7th of October 2021 to discuss broader cooperation on infrastructure development in their 26 common member countries.

Why it Matters?

During the meeting, Muhammad Al Jasser, President of IsDB and Jin Liqun, President of AIIB agreed to make use of the banks’ resources and networks to enhance joint operational engagement and co-financing in mutual member countries. Both IsDB and AIIB are Multilateral Development Banks (MDBs) with a strong focus on infrastructure development. The ongoing cooperation between the two MDBs has seen joint investments in the energy sector in Bangladesh and Turkey, along with potential investment in the wate...