TEHRAN (MEHR - Trend )
The 34th annual meeting of the board of governors of the Islamic Development Bank will open in Turkmenistan's capital city of Ashgabat tomorrow.
Iran's Finance and Economic Affairs Minister Seyyed Shamseddin Hosseini, heading a high ranking delegation, are scheduled to attend the two-day meeting, the director of the Organization for Investment, Economic and Technical Assistance of Iran said on Monday, according to the Mehr News Agency.
Behrouz Alishiri added that the IDB holds annual meetings regularly attended by economy ministers of its member states.
The Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in December 1973.
The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually, as well as jointly, in accordance with the principles of Islamic Law.
IDB currently consists of 56 member countries.