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Arab Fund and AIIB partner to boost sustainable infrastructure; AIIB also teams with African Development Bank for development projects.
Two major financial institutions, the Arab Fund and the AIIB, have signed a strategic partnership in Seville, Spain, to enhance sustainable infrastructure development in shared regions.
The partnership was formalized at the Fourth International Conference on Financing for Development.
Separately, the AIIB also signed a Memorandum of Understanding with the African Development Bank to deepen cooperation in areas like green infrastructure, industrialization, and digitalization, aiming to boost economic development and energy access in Africa.
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El Fondo Árabe y el AIIB se asocian para impulsar la infraestructura sostenible; El AIIB también trabaja con el Banco Africano de Desarrollo para proyectos de desarrollo.