Iran’s final measures to participate in the increase of shares in the capital of Islamic Development Bank

According to the financial news report, quoted by the Ministry of Economy, “Seyd Ehsan Khandozi”, the Minister of Economy, met with “Mohammed Al-Jasser”, the head of the Islamic Development Bank and the senior managers of the bank, on the sidelines of the 2023 meeting of the Islamic Development Bank Group in Jeddah, Saudi Arabia.

In this meeting, while pointing to the milestones of joint cooperation, the parties emphasized on removing the related obstacles and problems in the path of this cooperation.

Referring to the efforts made to remove existing cooperation obstacles since the beginning of the 13th government, the Minister of Economy pointed out the emphasis of the President of the Islamic Republic of Iran on strengthening joint cooperation with this bank and solving the problems and challenges in the path of these interactions.

Khandozi continued: In order to maintain the support of the Islamic Republic of Iran for the bank’s activities in the Islamic world, Iran, as one of the bank’s senior shareholders, has implemented its final measures in order to participate in the increase of the bank’s capital stock, and soon the bill proposed by the government in This matter goes through the process of legislation in the Islamic Council.

In this meeting, the president of Islamic Development Bank also pointed out the challenges facing the bank during the years of the Corona epidemic and requested the Islamic Republic of Iran to, like other senior shareholders of the bank, while supporting the increase of the said capital shares, try to fulfill the obligations arising from the benefit From the bank’s project facilities, it helped the Islamic Development Bank to maintain its AAA credit rating.

In this meeting, Khandozi invited the president of Islamic Development Bank to visit Tehran and considered this trip as a turning point in the current situation of cooperation between the bank and Iran.