Latest news with #10thAnnualMeeting
Daily Tribune
8 hours ago
- Business
- Daily Tribune
Kingdom Seeks Asian Investment
TDT | Manama Bahrain stepped up efforts to position itself as a key beneficiary of Asian-led infrastructure investment by engaging with top decision-makers during the 10th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB), held in Beijing under the theme 'Connecting for Development and Cooperation for Prosperity'. Leading the Kingdom's delegation, Yousef Abdullah Al-Hamoud, Undersecretary for Financial Affairs at the Ministry of Finance and National Economy, held meetings with bank executives and other high-level officials to expand Bahrain's role in the region's infrastructure development map. Strategic engagement On the sidelines of the summit, Al-Hamoud met with Konstantin Lemtovsky, Chief Investment Officer at AIIB, and Junjing Wang, CEO of the Multilateral Cooperation Center for Development Financing. The discussions focused on enhancing joint cooperation and unlocking new opportunities for financing infrastructure, energy, and logistics projects in Bahrain. The summit, inaugurated by Li Keqiang, Premier of the State Council of China, brought together ministers, investors, and international organisations to address development challenges through strategic partnerships and sustainable infrastructure funding. Support for new leadership Al-Hamoud conveyed Bahrain's support for Ms. Zou Jiayi of China, who was elected by the AIIB Board of Governors as the bank's new President. He welcomed her vision for expanding the bank's contribution to development projects across member states and praised the AIIB's growing role in responding to climate and geopolitical changes. He also reaffirmed Bahrain's commitment to cooperating with the AIIB and aligning its national infrastructure strategies with the bank's regional investment goals. Platform for growth The AIIB, established in 2015, now includes 110 member countries. Its operational priorities span sectors such as transportation, energy, communications, agriculture, and urban development. Bahrain became a member in 2018 and continues to pursue opportunities to attract multilateral financing for strategic national projects. As infrastructure financing becomes increasingly competitive across the region, Bahrain's active engagement at this summit signals a renewed drive to tap into Asia-led development flows.
Qatar Tribune
13 hours ago
- Business
- Qatar Tribune
Finance minister named chairman of AIIB board of governors
BEIJING: The Asian Infrastructure Investment Bank (AIIB) has announced the appointment of Minister of Finance HE Ali bin Ahmed Al Kuwari as Chairman of the Board of Governors of AIIB, succeeding China's Minister of Finance Lan Fo'an. The official handover ceremony took place during the Bank's 10th Annual Meeting, held in Beijing, People's Republic of China. This appointment comes as part of the Bank's ongoing efforts to enhance its global role and broaden the diversity of its leadership, reflecting the geographic range of its member countries. It also underscores the prominent standing of the State of Qatar on the international financial stage. The Asian Infrastructure Investment Bank continues to play a key role in financing and implementing sustainable infrastructure projects across Asia and beyond.
Qatar Tribune
15 hours ago
- Business
- Qatar Tribune
Finance minister named AIIB board of governors chairman
The Asian Infrastructure Investment Bank (AIIB) has announced the appointment ofMinister of Finance, HE Ali bin Ahmed Al Kuwari as Chairman of the Board of Governors of AIIB succeeding China's Minister of Finance, Lan Fo'an. The official handover ceremony took place during the Bank's 10th Annual Meeting, held in Beijing, China. The appointment comes as part of the Bank's ongoing efforts to enhance its global role and broaden the diversity of its leadership, reflecting the geographic range of its member countries. It also underscores the prominent standing of the State of Qatar on the international financial stage.
Euronews
3 days ago
- Business
- Euronews
AIIB at 10: A decade of development and the road ahead
The Asian Infrastructure Investment Bank (AIIB) is holding its 10th Annual Meeting of Board of Governors from June 24 to 26 in Beijing. The Bank is not only celebrating its first decade, but also taking the opportunity to discuss its future with its stakeholders. We met with Jin Liqun, President and Chair of the Board of Directors of AIIB, as he prepares to step down, to reflect on the Bank's mission, its development over the past decade, and the path ahead. Developed and developing countries working together Jin Liqun pointed out that one of AIIB's main missions is to help member countries to improve their infrastructure. 'The infrastructure projects are designed, implemented, and managed in a way in which you can improve the environment, reduce emissions, and keep the economy sustainable', he said. Working on infrastructure is therefore not only a goal, but also the means to achieve success in making countries sustainable. Jin Liqun saw this firsthand growing up in rural China, noting that the country took off after 15 years of massive investment in infrastructure. 'My life in rural China helped me understand the needs and aspirations of the people in many countries that need development support'. 10 years of achievements The 10th Annual Meeting is the opportunity for the Bank and its stakeholders to review AIIB's achievements over the last 10 years. The figures are substantial — $60 billion in financing across 310 projects in 40 countries — but Jin Liqun was keen to emphasise the people and stories behind the numbers. He pointed to projects such as protecting the tropical rainforest in Brazil, building a road in Ivory Coast, and developing renewable energy and waste treatment facilities in Egypt — all financed by the AIIB. 'We allocated resources for critical infrastructure projects so that they could generate incomes, sustain economies, and create more jobs for women, particularly. And to create better prospects for their children'. And it is working, as the AIIB receives and monitors results from its investments. A new decade The event is not only a time to review the Bank's achievements, but also to look at its future. 'This Annual Meeting is an opportunity to see whether there is room for improvement for the next decade under the new President' said Jin Liqun. However, future improvements will not mean that AIIB will change the strong foundation on which the Bank was built. 'We have set up a Bank built on high-level governance and being run by international best practice' concluded Jin Liqun. 'The message is: we should stay the course.' As it enters its second decade, the AIIB is looking ahead — not by changing course, but by building on the principles that have defined its first ten years. Ten years on, the AIIB is positioning itself not just as a bank, but as a platform for long-term, inclusive development — with its next chapter already in motion.
Saudi Gazette
3 days ago
- Business
- Saudi Gazette
Al-Jadaan leads Saudi delegation to AIIB annual meeting in Beijing
Saudi Gazette report BEIJING — Saudi Minister of Finance Mohammed Al-Jadaan will head Saudi Arabia's delegation participating in the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), to be held from June 24 to 26, 2025, in Beijing, China. During the meetings, the bank governors will discuss the AIIB's 2024 annual report, the progress of the bank's work in achieving its priorities, future aspirations of the bank, and the election of the new bank president. This year's meeting will also launch a series of activities and events commemorating the bank's tenth anniversary. These will highlight its major achievements in supporting sustainable economic development and enhancing infrastructure connectivity among member countries within Asia and beyond. From inspiring keynote addresses to interactive seminars, the 2025 AIIB Annual Meeting will spotlight AIIB's innovative initiatives in sustainable infrastructure. The Meeting will feature thematic showcases on cross-border connectivity, green financing, private capital mobilization, digital transformation, and strategic partnerships. In addition, there will be project spotlights, interactive booths, and networking sessions. The 2025 AIIB Annual Meeting will feature leading experts and visionaries in sessions that will explore innovative solutions to global challenges, with insights from government, business, and international organizations. The Meeting will champion discussions on advancing cooperation, leveraging capital, and driving development through collaboration. The host city, Beijing, is city of rich cultural heritage and a modern hub for economic development. The meeting will be an opportunity to connect with stakeholders and explore the evolving infrastructure landscape in one of the world's most dynamic regions.
