UAE Ministry of Finance Hosts Eurasian Development Bank Delegation to Strengthen Financial Cooperation

UAE, 17 January, 2025 : The UAE Ministry of Finance (MoF) hosted a high-level delegation from the Eurasian Development Bank (EDB) in Abu Dhabi to discuss enhancing financial cooperation and exploring joint projects and investments.

The meeting, led by H.E. Younis Haji AlKhoori, Undersecretary of the MoF, included senior officials from both sides. The EDB delegation was headed by Nikolay Podguzov, Chairman of the Bank, alongside top executives.

Focus on Key Sectors
Discussions centered on collaboration in infrastructure, alternative energy, and food and water security, aligning with shared development objectives. Both parties explored opportunities for co-financing projects and promoting regional integration.

H.E. AlKhoori reaffirmed the UAE's commitment to fostering international partnerships for sustainable development, emphasizing the nation's leadership in clean energy and infrastructure.

Strategic Partnerships
The Eurasian Development Bank, comprising six member states, holds an investment portfolio of $15.3 billion. The Bank focuses on sustainable projects in key sectors and maintains strong global credit ratings, underscoring its role in driving regional growth.

The meeting highlighted the potential for joint efforts to create impactful economic opportunities and deepen strategic ties between the UAE and EDB.