Economy Minister and IsDB Chief Discuss Boosting Ties

As a major shareholder of the Islamic Development Bank (IsDB), Iran is looking at new ways to contribute to increasing the bank’s capital, Economy Minister Ehsan Khandouzi told the IsDB Chairman Muhammad Sulaiman Al Jasser on the sidelines of the annual meeting of the bank’s board of executive directors in Jeddah.
"To preserve Iran's support for the bank, Iran as one of the major shareholders has taken final steps to increase the bank's capital shares…The government bill to this end will be reviewed by the Majlis," he was quoted as saying by EcoIran.
Referring to mutual cooperation, the two sides emphasized the need for removing obstacles impeding closer collaboration.