BAKU, Azerbaijan, Sept. 2
By Fakhri Vakilov – Trend:
Uzbekistan’s President Shavkat Mirziyoyev made a number of proposals to improve the activities of the Islamic Development Bank (IsDB) within the framework of the 46th annual meeting of Board of Governors of the IsDB held in Tashkent, Trend reports citing the press service of the President.
The head of state touched upon the issues of overcoming economic and social consequences of the coronavirus pandemic.
The need to expand financial instruments by the International Islamic Trade Finance Corporation and the Islamic Corporation for Insurance of Investments and Export Credits was pointed out. This will help stimulate free trade, insure investment risks, and develop transport and logistics infrastructure.
It was emphasized that in the post-COVID period it is important to give an innovative character to the development of the economies of the member states. In particular, the full use of the capabilities of the Fund for Science, Technology and Innovation of the Islamic Development Bank, ensuring food security through the introduction of advanced developments in agriculture, the widespread use of renewable energy sources and environmental technologies are of topical importance.
The need to expand financing of investment and infrastructure projects of regional importance was also noted.
"Today's international forum will bring our partnership within the bank to a qualitatively new level and will make a significant contribution to the general well-being of the peoples of the member states," Mirziyoyev expressed confidence.
President of the Islamic Development Bank Mohammed Sulaiman Al-Jasser also spoke at the event.
The annual meeting of the IsDB Group will last until September 4.
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