Asian Infrastructure Investment Bank Total of 109 Members Accounting for 81% of Global Population & 65% of Global GDP, Approves 3 New Members El Salvador, Solomon Islands & Tanzania
29th September 2023 | Hong Kong
The Asian Infrastructure Investment Bank (AIIB) now has a total of 109 members accounting for 81% of global population and 65% of global GDP (Gross Domestic Product), approving 3 new AIIB members El Salvador, Solomon Islands & Tanzania. AIIB: “The Asian Infrastructure Investment Bank (AIIB) now has 109 Members after its Board of Governors today approved the applications of three economies. The milestone was reached with the addition of El Salvador, Solomon Islands and Tanzania during the Bank’s eighth Annual Meeting in Sharm El Sheikh, Egypt. AIIB Members collectively account for 81 percent of the world’s population and 65 percent of global gross domestic product. The three prospective members will officially join AIIB once they complete the required domestic processes and deposit the first capital installment with the Bank. AIIB’s Board of Governors approved the resolution welcoming the three prospective Members during the Bank’s eighth Annual Meeting in Sharm El Sheikh, Egypt.” More info below:
“ Asian Infrastructure Investment Bank Total of 109 Members Accounting for 81% of Global Population & 65% of Global GDP, Approves 3 New Members El Salvador, Solomon Islands & Tanzania “
AIIB President & Chair of the Board of Directors Jin Liqun: “AIIB has a track record of successful collaborations with our Members. The addition of El Salvador, Solomon Islands and Tanzania strengthens the AIIB community and supports our collective mission to finance Infrastructure for Tomorrow. Together, we will work on priority projects within our clearly defined thematic priorities to drive long-term sustainable growth.”
AIIB Vice President and Corporate Secretary Ludger Schuknecht: “Our journey began with 57 founding members. That we have been able to grow our membership to 109 in the past eight years shows that many believe in our mission to achieve sustainable infrastructure development and economic growth as well as our commitment to actively support infrastructure projects that contribute to climate change mitigation, adaptation and resilience.”
Asian Infrastructure Investment Bank Opens First Overseas Office in UAE Abu Dhabi with an Interim Operational Hub
23rd September 2023 – The Asian Infrastructure Investment Bank (AIIB) has opened the first overseas office in UAE (United Arab Emirates) Abu Dhabi with an interim Operational Hub (19/9/23). AIIB: “AIIB continues to witness rapid growth since its launch in 2016. Choosing Abu Dhabi as its first overseas presence brings the Bank closer to the front lines of its sustainable development work in the Middle East and Africa and lays the groundwork for future regional projects. The UAE is one of the fastest-growing economies in the region and has actively promoted the transition to green energy and the expansion of sustainable infrastructure. AIIB and UAE is committed to deepening collaborations to build Infrastructure for Tomorrow.”
AIIB Vice President and Chief Administration Officer Luky Eko Wuryanto:“This milestone reinforces our commitment to strengthen regional partnerships, promote sustainable development and support infrastructure projects for our Members. The UAE is an excellent choice for our first overseas venture. I am confident this new Hub will advance our efforts to enhance sustainable development throughout the region and elsewhere.”
His Excellency Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development and UAE’s Alternate Governor at the Board of Governors of AIIB: “Congratulating AIIB on the opening of its operational office. We are delighted and honored by AIIB’s decision to open its office in Abu Dhabi. Today’s event marks a milestone in the strong strategic partnership between the UAE and the Bank. The move will enable AIIB to leverage our exceptional infrastructure and status as a global investment destination to drive forward its sustainable development agenda with greater momentum, in alignment with our common goals and aspirations. We reaffirm our commitment to supporting AIIB in all its efforts.”
His Excellency Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED) and Abu Dhabi Global Market (ADGM): “Abu Dhabi Global Market (ADGM) is proud to be the chosen location for AIIB’s first overseas presence”. As the international financial centre of the UAE’s capital, we understand the significance of this decision and are committed to supporting AIIB’s mission of promoting sustainable development in the Middle East, Africa, and beyond. Together, we will pave the way for future regional projects, reinforcing Abu Dhabi’s role as a hub for sustainable innovation and strategic partnerships.”
Laval Wong Sick Wah, Head of Office of AIIB’s Interim Operational Hub: “After more than a year of close collaboration with our partners on the ground here, especially the UAE, we have opened the doors to our first overseas office. This momentous occasion builds proximity to our clients, projects and sustainable development colleagues and allows us to gain valuable experience as we endeavor to expand our offices worldwide. Our friends on the ground here in Abu Dhabi and the UAE have worked tirelessly to ensure this day became a reality, and we thank them for that.”
Asian Infrastructure Investment Bank Opens First Overseas Office in UAE Abu Dhabi with an Interim Operational Hub
About AIIB
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 rated Triple A by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
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