TEHRAN: Iran’s Economy Minister Ali Tayebnia, while in South Korea, met and talked with two vice presidents of the China-led Asian Infrastructure Investment Bank (AIIB). The meeting was held on the sidelines of 2017 AIIB Annual Meeting in Jeju of South Korea and began with a report on formation of the Asian Infrastructure Investment Bank and procedures for admission of new members.
Iran’s Tayebnia said “in line with its principal policy of boosting cooperation with international institutions, Islamic Republic of Iran joined AIIB as a founding member with support of the Iranian Parliament and the Guardian Council.” “Iran’s government attaches great importance to development of ties with Asian countries and international institutions,” he continued. Economy minister of Iran also voiced gratitude towards prudent and non-political management of AIIB stating that all activities of the new multilateral financial institution are all based on technical and expert considerations; “in the same line, investigation of the projects introduced by Iran are being well pursued by AIIB delegations and these projects will hopefully receive approval of AIIB’s board of governors.” Ali Tayebnia also expressed the country’s readiness to bolster relations with AIIB in other fields like technical assistance and training of human resources. Later, the official voiced support of Islamic Republic of Iran for admission prospective members to the bank in order to strengthen AIIB and turn it into the largest international developmental bank.
Also at the meeting, vice presidents of AIIB presented a report on the process of reviewing the proposed projects by Iran and voiced AIIB’s readiness to conduct final evaluation of wastewater improvement projects in three Iranian provinces to be later confirmed by the board of directors for receiving necessary funds. The Asian Infrastructure Investment Bank (AIIB) is a new multilateral financial institution founded to bring countries together to address the daunting infrastructure needs across Asia. Iran was accepted as a founding member of the China-led Asian Infrastructure Investment Bank (AIIB) in April 2015.
