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Take effective step to ease economic crisis

Finance Minister urges global leaders


Published : 26 Oct 2022 10:09 PM | Updated : 27 Oct 2022 02:43 PM

Finance Minister AHM Mustafa Kamal on Wednesday urged world leaders to normalise the global economy for the sake of humanity.

The minister said this while addressing virtually at the 7th Board of Governors meeting of the Asian Infrastructure Investment Bank (AIIB).

Kamal said all the developing countries were already facing huge challenges amid their efforts to recover from the COVID-19 pandemic. But another blow of the Russia-Ukraine war has made their struggle more difficult.

The theme of the 2022 AIIB Annual Meeting is “Sustainable infrastructure toward a connected world”, which aims to reaffirm infrastructure's crucial role in supporting recovery, growth and connectivity.

The annual meeting provides a diverse range of engaging sessions on topics and issues that impact sustainable economic development and the improvement of infrastructure connectivity in Asia and beyond.

It is the flagship event of the AIIB. It provides an opportunity to report on the bank's work and receive guidance from shareholders on the AIIB's strategic direction and activities. It also gathers and facilitates discussions among senior official delegates from the AIIB Members, as well as partners, business leaders, civil society organisations, and experts from a range of fields.

The meeting was also addressed by - Kun Liu, Governor of China; Ken Ofori-Atta, Governor of Ghana, Nirmala Sitharaman, Governor of India; Sardar Ayaz Sadiq, Governor of Pakistan; Indrani Raja, Governor of Singapore; Jamshid Khodzaev, Governor, Uzbekistan; Samad Bashirli, temporary substitute Governor, Azerbaijan; Rudiger von Kleist, temporary substitute Governor, Germany; Nathalie Labuschagne, alternate interim governor of New Zealand and Leonardo Rodriguez Garcia, provisional Alternate Governor of Spain.

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