Iranian Finance and Financial Affairs Minister Ehsan Khandouzi mentioned, Iran as one of many main shareholders of the Islamic Improvement Financial institution (IsDB), is implementing new measures to take part in growing the financial institution’s capital. 

Khandouzi made the remarks in a gathering with IsDB Chairman Muhammad Sulaiman Al Jasser on the sidelines of the annual assembly of the financial institution’s Board of Government Administrators in Jeddah.

On this assembly, whereas pointing to the milestones of joint cooperation, the events emphasised on eradicating the associated obstacles and issues within the path of this cooperation.

Referring to the efforts made by the Iranian authorities to take away present cooperation obstacles, Khandouzi identified the emphasis of the president of the Islamic Republic of Iran on strengthening joint cooperation with IsDB and fixing the issues and challenges within the path of those interactions.

Al Jasser identified that the challenges going through the financial institution throughout the years of the Coronavirus pandemic and requested that the Islamic Republic of Iran, like different senior shareholders of the financial institution, helps the rise of the financial institution’s capital and fulfills its obligations to the financial institution.

The Islamic Improvement Financial institution is a multilateral growth finance establishment that’s targeted on Islamic finance for infrastructure growth and is situated in Jeddah, Saudi Arabia. There are 57 shareholding member states with the biggest single shareholder being Saudi Arabia.