MUMBAI, June 25 -- The Asian Infrastructure Investment Bank (AIIB) and the Islamic Development Bank Group (IsDB Group) have signed a Memorandum of Understanding (MoU) to establish a framework for strategic cooperation, including actively seeking to co-finance projects in common areas of operations.
The overarching theme of the MoU will be "Mobilizing Financing for Infrastructure: Innovation & Collaboration," the AIIB said on its website on Monday.
Signed during AIIB's Third Annual Meeting in Mumbai, the MoU allows the two banks to foster collaboration, share information and facilitate knowledge exchanges on development finance, Islamic finance and integrity mechanisms.
The MoU will have a strong focus on sustainable infrastructure including development of energy and power, transportation and telecommunications, rural infrastructure water supply and sanitation, environmental protection, urban development and logistics.
"An agreement between our banks is a natural fit because we are both dedicated to development and helping our members promote growth and economic opportunity," AIIB President Jin Liqun was quoted as saying.
"We have complementary skill sets and expertise. We believe working together on joint investments and initiatives will strengthen our capacity to deliver on our respective missions and benefit our members," he said.
"We are delighted to strengthen our partnership with AIIB," IsDB Group President Bandar M.H. Hajjar was quoted as saying, adding that "IsDB Group looks forward to jointly strengthening the effectiveness and sustainability of our banks' operations and to looking for new ways to stimulate the region's economic growth together."
The MoU creates opportunities for better communication and working relationship between AIIB and IsDB Group. Among other activities, the banks intend to share knowledge and exchange experiences among employees through joint temporary assignments, secondments and training, AIIB said.
爆笑偷懒妙招:不好意思,你不仅没我懒,还没我机智
国内英语资讯:Spotlight: China-Portugal ties enjoy unprecedented high -- Chinas top legislator
一周热词榜(7.8-14)
国内英语资讯:Chinese state councilor meets 72nd UN General Assembly president
过度关爱对孩子不利Too Much Care Can be Harmful to Children
国际英语资讯:Trump in Paris to improve ties despite divergence on climate, trade
国际英语资讯:World Petroleum Congress ends in Istanbul with hopes for future cooperation
给朋友的一封信A Letter to a Friend
摩拜单车在英国被破坏 歪果人民素质差不多
世界杯来袭 The Coming of The World Cup
Rough and ready?
如何提高自学能力How To Improve The Ability of Self-learning
IS成员家人遭报复,联合国伊拉克特使表关注
土耳其以“帮助恐怖分子”为由关押6名人权活动人士
淘宝造物节创新公司层出不穷
王者荣耀进军欧美市场
源自田径运动的英语词汇
国际英语资讯:Indian forces commit 542 cease-fire violations so far this year, says Pakistan
国内英语资讯:Chinese president calls for stronger cooperation with Canada
国内英语资讯:Angola thanks China for economic development: Vice President