There are many opportunities to further increase regional trade in Asia. Connectivity is at the heart of this opportunity and is of critical importance to strengthening regional cooperation and promoting economic growth. However, it is one of the most underserved areas as evidenced by large connectivity gaps between neighboring and other Asian economies.
AIIB will prioritize projects that connect vital infrastructure and economies that are currently not linked within borders, across Asia and between Asia and the global economy. Promoting regional cooperation complements infrastructure connectivity by expanding opportunities, strengthening links between economies and providing supplementary non-economic benefits. Progress on this front has been made in recent decades, but significant variations across the region remain.
AIIB will also support projects that complement cross-border infrastructure connectivity by generating direct measurable benefits in enhancing regional trade, investment, digital and financial integration across Asian economies and beyond.
AIIB is working to enhance connectivity and mobility along the Tajikistan segment of the Asian Highway Network and the Central Asia Regional Economic Cooperation Corridor 3.
Because global value chains usually operate like well-oiled machines, we often take their smooth functioning for granted. Yet, we have witnessed how incidents like the pandemic and the Suez Canal blockage can greatly disrupt global supply.
AIIB’s objective in the transport sector is to finance the development of sustainable and integrated transport systems that promote trade and economic growth in Asia.
Infrastructure for Tomorrow sets a clear mission for AIIB by requiring that all investments across infrastructure and other productive sectors should align and add value through one or more of the following four thematic priorities.