SHADA- During the meeting, the two sides discussed ways to expand cooperation between the Islamic Republic of Iran and the Islamic Development Bank, particularly in financing development projects, making use of the bank’s existing capacities, and strengthening financial and economic interactions.

The Second Al-Ula Emerging Economies Summit is being held with the participation of finance ministers, central bank governors, and senior economic officials from various countries, serving as a platform for exchanging views on common challenges and opportunities facing emerging economies and for strengthening regional and international cooperation in economic policies.