Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB) and Dimitry Kumsishvili, First Vice Prime Minister and Minister of Finance of Republic of Georgia, signed a loan agreement during the second annual meeting of Board of Governors for a US$114 million loan for the construction of approximately 14.3 kilometer modern highway bypassing Batumi port city on the Black Sea coast.
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Washington D.C., April 22, 2024
AIIB, ESM Strengthen Cooperation to Address Global Challenges
The Asian Infrastructure Investment Bank (AIIB) and the European Stability Mechanism (ESM) have renewed their Memorandum of Understanding (MOU) to build on their successful collaboration and further enhance inter-institutional cooperation.
READ MOREWashington, D.C., April 20, 2024
Multilateral Development Banks Deepen Collaboration to Work as a System
The leaders of 10 multilateral development banks (MDBs) today announced joint steps to work more effectively as a system and increase the impact and scale of their work to tackle urgent development challenges.
READ MOREWashington, D.C., April 20, 2024
AIIB, World Bank Strengthen Cooperation on Infrastructure Development and Sustainable Development Goals
The Asian Infrastructure Investment Bank (AIIB) and the World Bank have signed a renewed Memorandum of Understanding (MOU) to enhance collaboration on infrastructure development and support the achievement of the Sustainable Development Goals (SDGs).
READ MOREWashington, D.C., April 20, 2024
10 MDBs Jointly Launch Global Co-financing Platform
In a groundbreaking act of global collaboration, 10 multilateral development banks (MDBs) have joined forces to launch a digital initiative that aims to transform the development finance landscape, potentially unlocking substantial additional financing.
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