Key facts
- The Asian Infrastructure Investment Bank (AIIB) aims to double its annual financing volume by 2030.
- AIIB President Zou Jiayi detailed the bank's new growth and innovation strategy.
- The strategy focuses on scaling up development impact through innovation and integrity.
- The plan was developed following extensive consultations with AIIB's member economies.
The Asian Infrastructure Investment Bank (AIIB) is set to significantly expand its operations, with President Zou Jiayi outlining a strategic vision to double the bank's annual financing volume by the year 2030. This ambitious target is a cornerstone of a new growth and innovation strategy designed to enhance the bank's development impact globally. The plan emphasizes a dual focus on innovation and integrity as key drivers for scaling up financing and project execution.
This strategic direction follows a period of extensive consultations involving AIIB's member economies. The input from these consultations has shaped the bank's future trajectory, ensuring that its growth aligns with the needs and priorities of its diverse membership. The AIIB aims to leverage innovation not only in its financing mechanisms but also in the types of projects it supports, potentially venturing into new sectors or approaches to infrastructure development.
The emphasis on integrity underscores a commitment to robust governance and transparency in all AIIB operations. This is crucial for maintaining stakeholder trust and ensuring that development finance is used effectively and efficiently. The bank's leadership believes that by combining innovative approaches with unwavering integrity, the AIIB can achieve its goal of doubling its financial output and significantly increasing its contribution to sustainable infrastructure worldwide.