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Ammon News - Minister of Planning and International Cooperation Nasser Shraideh participated in the annual joint meetings of the Arab Financial Institutions in the Saudi city of Jeddah, under the patronage of the Custodian of the Two Holy Mosques.

The joint session brought together Arab Ministers of Finance and Economy, chairmen of the councils of Arab Financial Institutions, governors of Arab Central Banks, directors of Arab Funding Institutions, representatives of the International Monetary Fund and the World Bank Group, as well as the Islamic Development Bank Group, and experts and specialists in the financial and economic fields.

The Planning Minister and Jordan's Governor at the Arab Fund for Economic and Social Development (AFESD) chaired the Kingdom’s delegation participating in the fifty-first annual meeting of the AFESD's Board of Governors, a ministry statement said Saturday.

The meeting covered a number of issues and topics related to the AFESD's work and activities and approved the administrative and financial reports during 2021.

During the meeting, a number of decisions, included the meeting's schedule, were taken, the report submitted by the Board of Directors was approved, and the AFESD’s auditors were appointed for the fiscal year ending on 12/31/2023. The Governor of Bahrain was also elected to chair the 51st annual session of the AFESD’s Board of Governors and the Governor of Qatar as Deputy Chairman.

Shraideh also chaired the Jordanian delegation participating in the meeting of the Supervisory Board for the Special Account to finance small and medium private sector projects.

On the sidelines of the meetings, Shraideh met with heads of Arab Islamic funds and banks participating in the gathering.

He stressed the importance of increasing financial support from these funds to Jordan, in a way that contributes to enabling the Kingdom to move forward in implementing priority development projects in the sectors of water, energy, health, industry and investment, in addition to the budget support, especially in light of challenges facing the national economy and burdens that Jordan bears as a result of the pandemic and the refugees crisis.

For their part, heads of Arab Islamic funds and banks reaffirmed their countries' support for Jordan to face the challenges it is going through as a result of the regional instability, and the funds' readiness to consider and interact with development requirements of the Jordanian government.