Jin Liqun has been elected to a second term as President of the Asian Infrastructure Investment Bank (AIIB) by the Bank’s Board of Governors. The election result was announced by the Chair of AIIB’s Board of Governors during the Bank’s fifth Annual Meeting on Tuesday, July 28.
President Jin’s second five-year term will begin Jan. 16, 2021.
“It has been a tremendous privilege to lead the Asian Infrastructure Investment Bank during its foundational years,” said AIIB President Jin Liqun. “We have established high standards of governance, we are investing in projects that improve lives and livelihoods and we are establishing ourselves in global capital markets. A lot has been achieved thanks to the efforts of our staff and our Board, plus the support granted to AIIB from its Members and the development community.”
Under President Jin’s leadership, AIIB has grown from 57 founding members to over 100 approved members from around the world. The Bank has also maintained the highest credit ratings with a stable outlook from the largest credit rating agencies—Standard & Poor’s, Moody’s and Fitch. Permanent Observer status was also granted by the United Nations (UN) in recognition of AIIB’s relevance and contribution to the UN’s development mandate.
“As we look forward to the next decade, we will expand our investments from core infrastructure to the infrastructure for tomorrow–infrastructure that will tackle climate change, enhance connectivity within Asia and the rest of the world, mobilize private capital and bridge digital divides in our region,” said President Jin. “I look forward to continuing to serve our Members and further contributing to the multilateral efforts to help build a more sustainable, more prosperous Asia.”
The Presidential election, conducted by acclamation, occurred during the Bank’s fifth Annual Meeting of the Board of Governors held on Tuesday, July 28, 2020.
The 2020 election and future elections in the Bank are governed by the Rules for the Election of the President, which were adopted by the Board of Governors in December 2019. Details of the steps of the 2020 election are provided in the Process for Election of the President.
Visit aiib.org/annualmeeting to view the Annual Meeting program and register for webinars.
About AIIB
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 103 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
