The Asian Infrastructure Investment Bank has been established for 10 years - promoting global common development and setting a model for multilateral cooperation
The number of members has increased to 111, covering 81% of the global population and 65% of the gross domestic product; Over the past 10 years since its establishment, the Asian Infrastructure Investment Bank (AIIB) has adhered to its original intention, innovated and made progress, continuously developed and grown, and established a good image of professionalism, pragmatism and efficiency. It has injected new momentum into the common development of all members, explored new models for global financial governance, set new examples for international multilateral cooperation, and made new contributions to promoting economic prosperity in Asia and the world.
Practice multilateralism——
Building a more equitable and resilient international cooperation system
As a new type of multilateral development bank initiated by China, the AIIB has carried the expectation of practicing multilateralism and improving global governance since its inception.
Based in Asia, facing the world. The Asian Infrastructure Investment Bank focuses on the development needs of its members across six continents, establishing over 100 cooperative relationships with multilateral development institutions, financial institutions, and more. It has also jointly financed more than 130 projects with other multilateral development banks, building an effective platform for multilateral cooperation.
Equal participation and joint consultation. The developing members of the AIIB account for about 70% of the shares, while developed members account for about 30%. Developing members work together with developed members, major shareholders, and minority shareholders, guided by consensus, to gather a strong force for improving global governance.
The accession of Colombia is the latest example of the AIIB actively expanding global cooperation, "said Mauricio Krigan, a professor of international relations at Esternado University in Colombia. Currently, unilateralism and protectionism are on the rise, posing obstacles to international development cooperation, but openness, inclusiveness, and win-win cooperation remain the mainstream of the international community. The Asian Infrastructure Investment Bank ensures equal participation of all members, and its development and growth are the common expectations of the international community, as well as the inevitable requirements for reforming and improving global governance.
Veronica Saraswati, Director of the Indonesia China Partnership Research Center, believes that the AIIB has broken the long-standing model of developed countries leading international financial institutions, enhanced the voice of the global South, and helped achieve common global development. The AIIB adheres to consensus decision-making and promotes equal dialogue among all parties, which is a manifestation of the spirit of multilateralism. The AIIB's continuously growing project reserves and member size demonstrate that multilateralism still has strong vitality.
In the face of global challenges, countries need inclusive cooperation platforms, "said Lina Beltran, a professor of international relations at Esternado University in Colombia. The AIIB operates transparently, efficiently, and rigorously, always focusing on infrastructure construction that meets actual development needs, and has played a pragmatic and steady role in regional development. The participation of 111 members reflects the trust and recognition of all parties towards the AIIB, and also represents the rise of a new multilateral cooperation model that focuses on solving practical problems
The architecture and philosophy of the AIIB make it an effective intersection of interests for all parties. Its success demonstrates that a modern multilateral institution can simultaneously achieve efficiency, greenness, and inclusiveness, "said Marva Shafi, an Egyptian banking expert and economist." The practice of the AIIB not only helps with infrastructure construction, but also contributes to building a more fair and resilient international cooperation system
Promote regional development——
Financing projects have truly improved people's livelihoods
In the small town of Zanatas in southern Kazakhstan, 40 giant wind turbines are operating at high speed on the Gobi grasslands; In 153 cities including Jakarta, Indonesia, slum upgrading projects have improved the drinking water conditions and living environment for over 9.7 million residents; In the Egyptian port city of Alexandria, the Abu Ghir subway project is about to open, adding a new green transportation artery to the city... Over the past 10 years, the AIIB has continuously written vivid stories that benefit people.
In Sri Lanka, the "Landslide Reduction Project" supported by AIIB loans is being promoted in multiple high-risk mountainous areas, effectively reducing the risk of landslides by constructing retaining walls, implementing slope reinforcement, and improving drainage systems. Nanayakara, Deputy Principal of Kandy Girls' School in Sri Lanka, said, "In the past, when it rained heavily, we had to suspend classes due to concerns about the risk of landslides. Now, with the support of the AIIB project, we can continue teaching with peace of mind and our sense of security has significantly increased
Shafi regards the AIIB as an important partner for Egypt to achieve its sustainable development goals. She stated that the AIIB plays an indispensable role in Egypt's efforts to address infrastructure gaps, enhance climate resilience, and improve social welfare. "AIIB's financing projects have truly improved people's livelihoods.
Alibek Tazhibayev, Director of the "Eurasian Monitoring" Analysis and Research Center in Kazakhstan, believes that the AIIB's investment in clean energy, highways, hospitals and other projects in Kazakhstan has effectively helped Kazakhstan fill the gap in key infrastructure. "The AIIB extensively supports the construction of various projects in transportation, energy, water, environment and other fields in Central Asia, and is changing the economic pattern of Central Asia and opening up new paths for regional economic integration
The pragmatic and efficient style is the growing password for the AIIB's "circle of friends". In November of this year, with the accession of Colombia, the number of members of the AIIB increased from 57 to 111, covering six continents around the world. From the number of projects and financing amounts to the size of its members, the Asian Infrastructure Investment Bank (AIIB) supports the growth of global multilateral cooperation and transforms multilateral cooperation into tangible development benefits.
Jens Lubert, Managing Director and Asia Pacific Head of the Bank of Baden-W ü rttemberg in Germany, stated that the AIIB's scale continues to expand and has achieved tangible results in financing in the fields of renewable energy, connectivity, and sustainable transportation. The Asian Infrastructure Investment Bank (AIIB) not only focuses on traditional projects, but is also committed to developing technology driven modern infrastructure. Its efficient operation, credibility, and future oriented positioning have generated great appeal to all parties involved
Assist in sustainable development——
Promote the construction of more future oriented infrastructure
Providing financing for 'future oriented infrastructure' is the mission that AIIB has always adhered to. In June of this year, the Asian Infrastructure Investment Bank set a series of new development goals: by 2030, it plans to expand its annual financing total to $17 billion and mobilize more private capital; Cross border connectivity project financing will account for 25% to 30% of the approved financing amount; Climate financing will maintain 50% of the approved financing amount... Standing at a new starting point, the AIIB will continue to write a vivid chapter in supporting Asian connectivity and promoting global sustainable development.
Ten years is an important milestone. The AIIB has become a widely recognized multilateral development institution internationally and has had a positive impact on global development. In the future, the AIIB will keep pace with the times, strengthen global cooperation, promote the construction of more future oriented infrastructure, use development experience to help more countries, promote regional connectivity and economic integration, "said AIIB President Jin Liqun.
Not long ago, the board of directors of the Asian Infrastructure Investment Bank approved a $1 billion climate oriented policy financing loan specifically to support the Brazilian government's ecological transformation plan. Xia Huasheng, an economist at the Brazilian Vargas Foundation, believes that this measure not only helps to enhance Brazil's ability to obtain long-term green capital, but also demonstrates the multilateral cooperation, openness, inclusiveness, and win-win spirit advocated by the AIIB. He stated that the AIIB has already achieved its 2025 climate financing target ahead of schedule, and through in-depth collaboration with members such as Brazil, it will enhance the voice of emerging economies and promote deeper and more resilient regional cooperation and sustainable growth.
Led by the Asian Infrastructure Investment Bank, multilateral cooperation transforms commitments on global climate governance, biodiversity conservation, and other areas into large-scale projects that can be implemented. Lubert believes that under this cooperation model, the combination of financing capabilities, technical expertise, and long-term operational experience can achieve more efficient and sustainable project delivery. German environmental consulting firms, technology suppliers, and others actively participate in AIIB projects, gathering more capital that meets climate goals, which will promote the development of more resilient and sustainable infrastructure worldwide.
The Asian Infrastructure Investment Bank (AIIB) is not only a funding provider, but also a global development partner, with significant importance in accelerating regional integration, enhancing economic resilience, and supporting green transformation. Saraswati said that AIIB has supported a large number of practical projects and played an active role in promoting inclusive development and sustainable infrastructure construction in Asia. "The AIIB, together with the the Belt and Road Initiative, has become the pillar of strengthening South South cooperation. At a time when global challenges such as climate change are becoming increasingly serious, the AIIB's support role is becoming increasingly prominent."
As a founding member, important shareholder, host country, and development partner of the Asian Infrastructure Investment Bank (AIIB), China has always actively supported the development of AIIB, advocating for AIIB to provide greater support to its members to enhance their development capabilities, promote international dialogue, exchange, and cooperation on a larger scale, and better leverage the functions of the new multilateral platform. The Asian Infrastructure Investment Bank (AIIB) is down-to-earth and has proven through practical actions that China will keep its promises and act with results. China has always maintained the nature of the AIIB as an international institution and created conditions for its development into a mature international multilateral platform. The development of the AIIB embodies the joint efforts and collective wisdom of all members. "Jin Liqun said that the AIIB will continue to deepen multilateral cooperation and make greater contributions to jointly addressing global challenges and promoting sustainable development.