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FinMin honored at AIIB annual meetings as he takes on role as Egypt’s AIIB Governor

In a recent address at the annual meetings of the Asian Infrastructure Investment Bank (AIIB), Minister of Finance, Ahmed Kouchouk, was honored by AIIB President Jin Liqun for his impactful leadership as the Dean of Executive Directors and congratulated as he takes on the role of Egypt's Governor at the AIIB.

By: Business Today Egypt

Mon, Sep. 23, 2024

In a recent address at the annual meetings of the Asian Infrastructure Investment Bank (AIIB), Minister of Finance, Ahmed Kouchouk, was honored by AIIB President Jin Liqun for his impactful leadership as the Dean of Executive Directors and congratulated as he takes on the role of Egypt's Governor at the AIIB.

"Kouchouk has played a significant role in executing our strategy and paving the way for Afro-Asian developmental partnerships," Liqun stated.

Kouchouk expressed pride in the institution's rapid growth and its leadership in infrastructure and climate development, noting that the AIIB has emerged as a key player in advancing sustainable development initiatives across Asia and beyond.

The finance minister highlighted the collaborative efforts that have made the AIIB the fastest-growing bank in the region, emphasizing its role in supporting Egypt’s development trajectory through promising projects over the past few years.

He explained that there is a need for increased investments in the upcoming phase, underscoring the importance of international cooperation in achieving comprehensive and sustainable development.

“I extend my sincere appreciation to the AIIB President and the Board of Directors for their commitment to transforming strategic goals into executable programs and tangible projects,” Kouchouk stated. “Together, we will continue to uphold the principles of the AIIB, focusing on international dialogue and collaboration to foster sustainable development.”

As he steps into his new role as Egypt's Governor at the AIIB, Kouchouk reaffirmed his commitment to the bank’s mission, stating “A sustainable future for all in a fairer world.”

He noted that the bank’s investment returns extend beyond financing, encompassing a broader vision of continental development that reflects human progress.

The AIIB has become an active and influential member of the international community, Kouchouk added, expressing his confidence in its ability to effectively address global economic challenges.

“We trust in the AIIB's capacity to contribute meaningfully to overcoming the current economic hurdles faced worldwide,” he added.