Today the President of the Asian Infrastructure Investment Bank, Jin Liqun, welcomed to AIIB headquarters in Beijing the United States’ nominee for World Bank Group President, Ajay Banga.
The two leaders discussed how the respective MDBs could work together more closely in financing sustainable infrastructure as climate change looms ever larger as a menace, especially to some of the world's most vulnerable populations in developing countries.
Jin and Banga spoke about the need to apply long-term thinking to solve long-term problems. They discussed how the need for constructive multilateralism and international cooperation has never been greater.
Since its founding seven years ago, AIIB and the World Bank have already co-financed 60 projects and the two discussed the value of finding opportunities to finance future ones aimed at improving socioeconomic outcomes.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.