AIIB elects former anti-corruption official as new president

Published connected 24/06/2025 - 15:49 GMT+2•Updated 18:24

The Asian Infrastructure Investment Bank — a akin institution to nan World Bank — announced a caller president connected Tuesday during its 10th yearly meeting.

Zou Jiayi will spot her five-year word statesman connected 16 January 2026, nan time aft nan founding President Jin Liqun concludes his 2nd five-year term.

“The Bank’s strategy is clear and connected track, and location is truthful overmuch much we tin execute successful nan years to come,” said Zou.

“In nan first 10 years, AIIB has already invested improvement superior successful 322 projects crossed 38 personnel economies, successful galore cases successful business pinch different starring multilateral improvement banks.”

Zou Jiayi is simply a erstwhile vice curate of finance and elder personnel of nan Chinese Communist party’s anti-corruption body.

Her acquisition spans organisations including nan World Bank Group, nan Asian Development Bank, nan New Development Bank, nan AIIB and nan IFAD.

She is besides lawman secretary-general of nan Chinese government’s advisory assemblage (CPPCC).

The AIIB is focused connected improvement successful Asia, though it has 110 members from crossed nan globe.

These see European nations specified arsenic Germany and France, but nan US is not a member.

The yearly gathering comes astatine a captious clip for nan slope arsenic it seeks to tribunal business opportunities, peculiarly while institutions for illustration nan World Bank and nan IMF look imaginable backing cuts from nan US administration.

The AIIB now employs 700 world unit from 78 economies and it has invested much than $60 billion, pinch astatine slightest half of caller financing now directed to ambiance finance projects.