GLOBAL: The IsDB and the Asian Infrastructure Investment Bank (AIIB) have signed an MoU that aims to renew and complement the existing framework of cooperation through co-financing activities with a focus on strengthening both sustainable and climate-resilient infrastructure, reducing the digital infrastructure gap in Asia, enabling regional cooperation through cross-border trade and connectivity as well as facilitating joint efforts to scale up resource mobilization, according to a statement.
As part of the MoU, both parties signaled an intention to jointly develop an action plan based on the mutually agreed focus areas and explore further opportunities for collaboration in areas of mutual interest.