00:00This is very, first of all, important to organize such a platform here in the country.
00:05And at the same time, this is not only about discussions of the economic integration or growth,
00:11this is also exchange of experience, exchange of knowledge.
00:17Global uncertainty, shifting trade routes and growing economic pressures
00:21are forcing countries to rethink how they work together.
00:24Ministers, policymakers and development leaders gathered in Baku
00:27for the Islamic Development Bank Annual Meetings
00:30to explore how regional integration can maintain and grow regional prosperity.
00:37Many participants have joined this event in the country,
00:41and specifically the guests from 57 countries,
00:44the member countries of Islamic Development Bank,
00:48joined here to discuss the opportunities, new investment opportunities,
00:52discuss the sustainable growth and regional cooperation.
00:57And Azerbaijan can contribute to these discussions thanks to its strategic location,
01:04you know, because we are connecting Europe, Central Asia, Middle East.
01:08This year's discussions are taking place against a backdrop of economic volatility
01:13and geopolitical tensions.
01:15This creates more competition for investment.
01:17For many of the delegates attending,
01:19it raises the question as to how regional partnerships
01:22can deliver real economic cohesion and opportunities for long-term development.
01:28The Islamic Development Bank brought together an impressive 57 countries.
01:33A number of senior officials took advantage of the platform
01:36to put forward ideas and proposals.
01:38The first attempt is to implement the development and development
01:41and development for additional resources
01:44that are brought to the resources of health and health, health, health and economic development.
01:51The second attempt is to create a platform for Islamic development
02:03La comunidad y la infraestructura son temas centrales, como es la integración regional para el desarrollo sostenible.
02:13¿Cómo se ha hecho el progreso de la futura?
02:15Creo que es muy importante que los países trabajen juntos porque uno de los países trabajando en su propio no
02:22tendrá el mismo efecto.
02:23Pero si los países trabajan juntos y se juntan los recursos, entonces tendrá un mejor impacto en términos de desarrollo,
02:32en términos de beneficio para el pueblo de la región.
02:34There is huge contemplation for prospects of skipping and exiting the resilience and shock mode into recovery.
02:43So hopefully as the shock impact withers down, that would call for collaboration, partnerships across countries in order to expedite
02:56recovery.
02:56The sentiment of countries to work together in a climate of financial uncertainty is strong, as many leaders expressed during
03:04the event.
03:05All the regions, there are ongoing conflicts. This is not the best time for the investments to flow from one
03:12point to the other.
03:13But here people are together and showing the solidarity and they are collaborating. The integrity is also there.
03:20Understanding how moneys are allocated and invested is an important part of the week. The benefits fall in the billions.
03:28We are the trade finance arm of Islamic Development Bank Group, established in 2008 to support trade and advance the
03:35social economic well-being of people living in OIC member countries.
03:39To date, we have allocated more than $92 billion of financing aimed at supporting the critical sectors of OIC economies.
03:47The talks here have extended far beyond economics. In fact, at a time when international institutions are facing increasing pressure,
03:56meetings like this give countries an opportunity to work and build on those relationships.
04:01And in doing so, they are able to identify challenges and find new solutions.
04:06Discussion in practical and in science.
04:11I think the significance is the theme of this annual meeting is timely. As I said, the regional integration for
04:18sustainable prosperity of our member countries.
04:21There are many initiatives within the Central Asia in terms of the middle corridor.
04:26But more importantly, we also want to integrate financially, in terms of financial integration among our member countries, with different
04:34tools we have, and mobilize the liquidity for the service of development.
04:39Participants attending the Islamic Development Bank annual meetings say working in isolation is no longer an option.
04:46The message emerging from Baku is that investment and authentic cooperation are essential for shaping the future of economic development.
04:54Participants and confidentiality Carlman
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