TABNAK, Sep, 25: Hemmati called for increased fund for Iranian projects by the lender in a meeting with AIIB’s President and Chair of the Board of Directors Jin Liqun on Wednesday.
The two officials, who met on the sidelines of AIIB’s 2024 Annual Meeting in Samarkand, Uzbekistan, reiterated the need for arrangements that could allow Iran to obtain financing from the bank.
Liqun described Iran as an influential member of the AIIB and said the bank is making efforts to provide funding to the country.
The Islamic Republic of Iran became a member of the AIIB in 2015 after purchasing shares in the bank.
Headquartered in Beijing, China, the bank currently has 109 members, including 13 prospective members from around the world. The breakdown of the 109 members by continents are as follows: 42 in Asia, 26 in Europe, 22 in Africa, 9 in Oceania, 8 in South America, and 2 in North America.
The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50 percent of the initial subscriptions of the Authorized Capital Stock.
The Islamic Republic of Iran became a member of AIIB in 2015 by purchasing capital shares.
