AIIB President Jin Liqun and EBRD President Odile Renaud-Basso signed a memorandum of understanding on the sidelines of the Fourth International Conference on Financing for Development (FFD4) in Seville to strengthen their collaboration on sustainable infrastructure development.
The agreement builds on an existing partnership to continue collaboration in three priority areas over the next five years: sustainable infrastructure and cross-border connectivity, blended finance and joint resource mobilization, and private capital mobilization.
“Renewing our partnership with the EBRD builds on the strong foundations we have established together,” Jin said. “Our collaboration has delivered meaningful impact, and this renewed agreement will enable us to deepen our cooperation in supporting sustainable infrastructure development across regions of mutual interest.”
The MOU enables the exchange of knowledge, expertise and best practices between the two institutions, and should help harmonize implementation and enhance cooperation.
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.
About the EBRD
The European Bank for Reconstruction and Development is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents. The Bank is owned by 75 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well-governed, green, resilient and integrated.
