AIIB President praises Kouchouk’s leadership as he takes on role of Egypt’s AIIB Governor

Cairo – September 23, 2024: During a recent address at the annual meetings of the Asian Infrastructure Investment Bank (AIIB), Finance Minister Ahmed Kouchouk received recognition from AIIB President Jin Liqun for his effective leadership as Dean of Executive Directors. He was also congratulated on his new position as Egypt's Governor at the AIIB.

Liqun noted, “Kouchouk has made a vital contribution to our strategy and has been instrumental in strengthening Afro-Asian developmental partnerships.”

In response, Kouchouk expressed his pride in the institution’s rapid expansion and its pivotal role in infrastructure and climate development, emphasizing the AIIB’s importance in promoting sustainable development initiatives throughout Asia and beyond.

The finance minister highlighted the collaborative efforts that have made the AIIB the fastest-growing bank in the region, emphasizing its role in supporting Egypt’s development trajectory through promising projects over the past few years.

He explained that there is a need for increased investments in the upcoming phase, underscoring the importance of international cooperation in achieving comprehensive and sustainable development.

“I extend my sincere appreciation to the AIIB President and the Board of Directors for their commitment to transforming strategic goals into executable programs and tangible projects,” Kouchouk stated. “Together, we will continue to uphold the principles of the AIIB, focusing on international dialogue and collaboration to foster sustainable development.”

As he steps into his new role as Egypt's Governor at the AIIB, Kouchouk reaffirmed his commitment to the bank’s mission, stating “A sustainable future for all in a fairer world.”

He noted that the bank’s investment returns extend beyond financing, encompassing a broader vision of continental development that reflects human progress.

The AIIB has become an active and influential member of the international community, Kouchouk added, expressing his confidence in its ability to effectively address global economic challenges.

“We trust in the AIIB's capacity to contribute meaningfully to overcoming the current economic hurdles faced worldwide,” he added.