AIIB at 10: A decade of development and the road ahead

The Asian Infrastructure Investment Bank (AIIB) is holding its 10th Annual Meeting of Board of Governors from June 24 to 26 successful Beijing.

The Bank is not only celebrating its first decade, but besides taking nan opportunity to talk its early pinch its stakeholders.

We met pinch Jin Liqun, President and Chair of nan Board of Directors of AIIB, arsenic he prepares to measurement down, to bespeak connected nan Bank’s mission, its improvement complete nan past decade, and nan way ahead.

Developed and processing countries moving together

Jin Liqun pointed retired that 1 of AIIB’s main missions is to thief personnel countries to amended their infrastructure.

“The infrastructure projects are designed, implemented, and managed successful a measurement successful which you tin amended nan environment, trim emissions, and support nan system sustainable”, he said.

Working connected infrastructure is truthful not only a goal, but besides nan intends to execute occurrence successful making countries sustainable. Jin Liqun saw this firsthand increasing up successful agrarian China, noting that nan state took disconnected aft 15 years of monolithic finance successful infrastructure.

“My life successful agrarian China helped maine understand nan needs and aspirations of nan group successful galore countries that request improvement support”.

10 years of achievements

The 10th Annual Meeting is nan opportunity for nan Bank and its stakeholders to reappraisal AIIB’s achievements complete nan past 10 years.

The figures are important — $60 cardinal successful financing crossed 320 projects successful 38 countries — but Jin Liqun was keen to emphasise nan group and stories down nan numbers.

He pointed to projects specified arsenic protecting nan tropical rainforest successful Brazil, building a roadworthy successful Ivory Coast, and processing renewable power and discarded curen accommodation successful Egypt — each financed by nan AIIB.

“We allocated resources for captious infrastructure projects truthful that they could make incomes, prolong economies, and create much jobs for women, particularly. And to create amended prospects for their children”.

And it is working, arsenic nan AIIB receives and monitors results from its investments.

A caller decade

The arena is not only a clip to reappraisal nan Bank’s achievements, but besides to look astatine its future.

“This Annual Meeting is an opportunity to spot whether location is room for betterment for nan adjacent decade nether nan caller President” said Jin Liqun.

However, early improvements will not mean that AIIB will alteration nan beardown instauration connected which nan Bank was built.

“We person group up a Bank built connected high-level governance and being tally by world champion practice” concluded Jin Liqun.

“The connection is: we should enactment nan course.”

As it enters its 2nd decade, nan AIIB is looking up — not by changing course, but by building connected nan principles that person defined its first 10 years. Ten years on, nan AIIB is positioning itself not conscionable arsenic a bank, but arsenic a level for long-term, inclusive improvement — pinch its adjacent section already successful motion.

Partner contented presented by

‘Partner Content presented by’ is utilized to picture marque contented that is paid for and controlled by nan advertiser alternatively than nan Euronews editorial team. This contented is produced by commercialized departments and does not impact Euronews editorial unit aliases news journalists. The backing partner has power of nan topics, contented and last support successful collaboration pinch Euronews’ commercialized accumulation department.