...

Asian Infrastructure Investment Bank eyes addition of new member - President Jin Liqun

Economy Materials 26 September 2024 08:05 (UTC +04:00)
Asian Infrastructure Investment Bank eyes addition of new member - President Jin Liqun
Maryana Ahmadova
Maryana Ahmadova
Read more

SAMARKAND, Uzbekistan, September 26. Asian Infrastructure Investment Bank (AIIB) may welcome another member, said Jin Liqun, AIIB President, Chairman of the Board of Directors, at a press conference, Trend reports.

"Since its inception, the AIIB has grown from 57 founding members to 109 approved members across six continents. On September 26, the Board of Governors will evaluate a recommendation from the Board of Directors to consider a new prospective member, which could increase our membership to 110. Our members currently represent 81 percent of the world's population and 65 percent of global GDP," he said.

AIIB president pointed out that the bank has become an integral part of the global financial landscape during almost nine years into operations. "Through nearly 300 of approved projects, our bank has committed over $50 billion to infrastructure development across Asia and beyond, focusing on sustainability, innovation, connectivity, and private capital mobilization".

"With more than 30 partnerships across international and regional entities, we have made significant strides in promoting economic growth and addressing pressing socio-economic challenges. Together, we strive to finance the infrastructure of tomorrow to achieve a better future through sustainable development," added Jin Liqun.

AIIB is hosting its first annual meeting of the Board of Governors in Central Asia on themed "Building Resilient Infrastructure for All" on September 25-26, 2024, in Samarkand.

Over two days, more than 25 panel discussions will take place, focusing on innovations in infrastructure financing, climate resilience, sustainable development, and the digital transformation of infrastructure projects.

Tags:
Latest

Latest