Tianjin, September 02, 2025

AIIB and Azerbaijan Strengthen Partnership to Build a Sustainable, Connected Future

In a significant step in accelerating sustainable development and regional cooperation, the Asian Infrastructure Investment Bank (AIIB) and the Republic of Azerbaijan signed a joint declaration to elevate their partnership.

Mikayil Jabbarov, Minister of Economy of Azerbaijan, and Konstantin Limitovskiy, AIIB Chief Investment Officer, Region 2, signed the Joint Declaration on Strategic Cooperation (Joint Declaration) in a ceremony witnessed by H.E. Ilham Aliyev, President of the Republic of Azerbaijan, and Jin Liqun, AIIB President and Chair of the Board of Directors.

The Joint Declaration aligns with Azerbaijan’s national vision, as outlined in its “2030 National Priorities for Socio-Economic Development,” and AIIB’s core mission of financing “Infrastructure for Tomorrow.”  The enhanced cooperation aims to establish a dynamic, multi-year investment program for AIIB sovereign-backed financing. The program will focus on three pillars: financing cutting-edge, climate-resilient infrastructure that drives decarbonization and supports national climate goals; developing next-generation transport, energy and digital infrastructure to solidify Azerbaijan’s role as a vital international trade and logistics corridor; and catalyzing private-sector investment by creating innovative financing models and fostering an enabling environment for public-private partnerships. A core overall objective will be to address climate-change challenges and contribute to global climate goals.

H.E. Ilham Aliyev, President of the Republic of Azerbaijan, said: “We are pleased with the current state of relations and the successful cooperation between Azerbaijan and the AIIB. We see more opportunities of collaboration in areas such as the Middle Corridor (railroad, road, ports), metro, water management and sanitation, renewable energy, digitalization etc. This Joint Declaration set a good mechanism to expand our collaboration into a new era. We welcome this strengthened partnership.”

Jin Liqun, President and Chair of the Board of AIIB, stated: " Azerbaijan, as a founding member of AIIB, has been a valued partner since the beginning. AIIB is committed to further supporting the country’s development and recognizes its significant growth potential. The Joint Declaration reflects our shared intention to develop a multi-year investment program that promotes an interconnected future. AIIB looks forward to working with Azerbaijan to support its national priorities and advance infrastructure that contributes to sustainable development and shared prosperity domestically and across the region." 

About AIIB  

The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “Infrastructure for Tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 110 approved members worldwide, is capitalized at USD100 billion and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity.

Logos for Download

AIIB logo is available in JPEG and PDF format.

DOWNLOAD

Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683

SEND AN EMAIL
More News Articles

Beijing, September 02, 2025

AIIB, Kazakhstan Sign Landmark Memorandum of Understanding to Unlock USD6 Billion for Sustainable Development

The Asian Infrastructure Investment Bank (AIIB) and the Ministry of National Economy of the Republic of Kazakhstan have agreed to establish a multi-year rolling pipeline (MYRP), a strategic framework that charts a course for up to USD6 billion in infrastructure investments between now and 2029.

READ MORE

Tianjin, September 02, 2025

AIIB and Azerbaijan Strengthen Partnership to Build a Sustainable, Connected Future

In a significant step in accelerating sustainable development and regional cooperation, the Asian Infrastructure Investment Bank (AIIB) and the Republic of Azerbaijan signed a joint declaration to elevate their partnership.

READ MORE

Beijing, September 01, 2025

AIIB and TKYB Sign USD200-million Facility to Support Climate and Digital Transition in Türkiye

The Asian Infrastructure Investment Bank (AIIB) and the Development and Investment Bank of Türkiye (TKYB) have signed a USD200-million equivalent, 15.5-year sovereign-backed on-lending facility to support Türkiye’s climate and digital transition goals.

READ MORE

Beijing, August 14, 2025

AIIB’s Inaugural Sustainability Report Underscores Transparency in Sustainable Infrastructure Finance

The Asian Infrastructure Investment Bank (AIIB) today released its inaugural Sustainability Report, applying the International Sustainability Standards Board (ISSB) disclosure requirements to voluntarily report on the financial impacts of climate-related risks and opportunities.

READ MORE