Key facts
- AIIB plans to double annual financing to about $20 billion by 2030.
- AIIB President Zou Jiayi announced the plan at the bank's 11th annual meeting in Doha, Qatar.
- Asia needs an estimated $1.7-1.8 trillion annually for infrastructure requirements up to 2030.
- AIIB supports over 350 projects across 39 economies.
- The bank's projects span clean energy, airport modernization, broadband expansion, and post-flood recovery.
The Asian Infrastructure Investment Bank (AIIB) intends to double its annual financing to approximately $20 billion by 2030, according to its president, Zou Jiayi. The announcement was made at the bank's 11th annual meeting in Doha, Qatar, where member economies consistently expressed a need for increased project funding.
Asia alone requires an estimated $1.7 to $1.8 trillion annually for infrastructure needs up to 2030. The AIIB, which has supported over 350 projects across 39 economies since its inception, aims to meet these demands by scaling up its investments in areas such as clean energy, airport modernization, broadband expansion, and post-disaster recovery. The bank's strategy involves a "finance-plus" approach, combining capital with technical advisory and de-risking tools to transform project concepts into actionable investments. Examples of its work include the Maharashtra solar pumps project in India and the Mumbai Urban Transport Project – Phase III.