(MENAFN- Trend News Agency) RIYADH, Saudi Arabia, April 27 . Saudi Fund forDevelopment (SFD) is focused on cooperation with Azerbaijan in thesphere of transportation, SFD Executive Director of the StrategySector Dr. Abdullah Al-Sakran told Trend on the sidelines of the IslamicDevelopment Bank Group (IsDB) annual meetings in Riyadh.
“Azerbaijan is now under the umbrella of the initiative that isabout connection between Asia and Europe.
Azerbaijan makes linkage between Asia and Europe and we focus nowon transportation sector,” he said.
As for the cooperation for development of the Middle Corridor,he said this depends on the requirements of the country.
“As per our previous discussions with the Azerbaijanigovernment, we are focused on roads. Our priority is to engage withgovernments on food security, climate action, water management,digitalization. We welcome any request from the Azerbaijanigovernment in these sectors. If the Azerbaijani government listsits priorities, we are ready to discuss,” he said.
Al-Sakran noted that the Fund provides loans to countries underthe umbrella of cooperation for development.
“Roads are one of the elements of food security. So broadly,cooperation on transportation also covers food security,agriculture, reducing the time of transportation,” heexplained.
The Islamic Development Bank Group (IsDB) is holding its 2024Annual Meetings and Golden Jubilee in Riyadh from April 27-30,under the Royal Patronage of the Custodian of Two Holy Mosques,King Salman Bin Abdulaziz Al-Saud.
The 2024 Annual Meetings are being held under the theme of“Cherishing our Past, Charting our Future: Originality, Solidarityand Prosperity”, which marks IsDB's 50 years of fosteringsocio-economic development in its member countries.
Among other topics, the meetings will also feature roundtable onCOP29 with participation of Azerbaijani governmentrepresentatives.
As the premier South-South multilateral development Bank, the2024 IsDB Group Annual Meetings and Golden Jubilee are expected toattract international and regional attention. The Annual Meetingswill feature a series of side events with top-level panelists fromgovernment, international and regional organizations, the privatesector, academia, and civil society.
Ministers of Economy, Planning, and Finance from IsDB's 57 membercountries will participate in the event, along with representativesof international and regional financial institutions, Islamicbanks, private sector companies, national and internationaldevelopment finance institutions, international and regionalorganizations, NGOs, chambers of commerce & Industry, and businesscouncils.
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