Latest news with #JinLiqun
Nikkei Asia
35 minutes ago
- Business
- Nikkei Asia
AIIB stresses 'inclusive' approach as lender downplays China's sway
TOKYO -- The Asian Infrastructure Investment Bank's doors are "open for any country that wants to join, anytime," the Beijing-headquartered lender's president said in a recent interview, as it continues a nearly decade-long effort to shape an image of a truly multilateral institution. President Jin Liqun, who spoke with Nikkei Asia on the sidelines of the annual Future of Asia conference in Tokyo, stressed that "the bank is inclusive," including when it comes to hiring and contracting projects. As for the membership, he said, everyone is "welcome."
Nikkei Asia
29-05-2025
- Business
- Nikkei Asia
Asia's growth and trade are 'resilient,' says head of China-led AIIB
TOKYO -- The head of the China-led Asian Infrastructure Investment Bank (AIIB) is optimistic about the resilience of Asia's economic growth despite global uncertainty stemming from the U.S.-China trade war and Washington's turn away from international cooperation. Jin Liqun, president of the investment bank, was speaking at Nikkei's Future of Asia forum, which kicked off on Thursday. Asia, he said, will remain "resilient."
CNBC
26-05-2025
- Business
- CNBC
ASEAN countries understand the importance to work together given the external shocks: AIIB President
Jin Liqun, President of Asian Infrastructure Investment Bank discusses the work priorities and global economic picture at the upcoming ASEAN / Gulf / China Summit in Malaysia.
Time of India
14-05-2025
- Health
- Time of India
AIIB, Gavi to provide health financing in lower-income countries
Geneva: The Asian Infrastructure Investment Bank (AIIB) and the Vaccine Alliance Gavi have signed a partnership to provide sustainable financing for health and immunization systems in low- and lower-middle-income countries. The agreement was signed by AIIB President Jin Liqun and Gavi CEO Dr. Sania Nishta. The two organizations intend to work on joint financing initiatives aimed at improving health outcomes and supporting long-term financial sustainability . As part of the agreement, AIIB intends to provide up to USD 1 billion in financing for public-sector health projects . The financing will support vaccine procurement and the introduction of high-impact vaccines in middle-income countries. It will also provide targeted assistance to countries that are transitioning out of Gavi support. The partnership also intends to explore additional financing models, including donor liquidity tools and blended financing. The partnership is also indicated to collaborate on knowledge-sharing efforts, particularly on the intersection of climate finance, immunization, and health systems. 'Investing in human health is investing in our future – it lays the foundation for stronger communities, more resilient livelihoods and lasting prosperity,' AIIB's Jin said. 'With the threat of infectious diseases on the rise, ensuring sustainable financing for countries' efforts to build resilient immunization and health systems has never been more important for our collective health and security,' Gavi's Nishtar said.
Zawya
05-02-2025
- Business
- Zawya
Financiers commit over $50bln for Africa electricity connections
Multilateral lenders and global development finance institutions have pledged over $50 billion towards the Mission300 project that aims to connect at least 300 million Africans to energy by 2030, more than halving the continent's energy access gap. The financiers, including the World Bank, the African Development Bank (AfDB), the French Development Agency (AFD), the Islamic Development Bank (IsDB), the Asian Infrastructure Investment Bank (AIIB), and the OPEC Fund, are already financing projects on the continent, but have now committed to channelling more funds towards bridging the continent's energy gap. The financiers made their pledges during the Mission300 Africa Energy Summit in Dar es Salaam, Tanzania on Monday, vowing to finance the dream coined by the African Development Bank and the World Bank to cut Africa's energy access by over half in the next five years. The World Bank will give $22 billion, while the AfDB will give $18.2 billion through concessional loans or grants to countries for the improvement of energy infrastructure and management of utilities. Jeddah-based IDB has pledged the highest amount yet, with over $2.65 billion to be committed directly to the goal over the period, money that will mostly be lent to countries on concessional terms. IDB President Muhammed Al-Jasser said $1 billion of the money will come from the bank itself, $1.5 billion from its trade financier, the International Islamic Trade Finance Corporation (ITFC), and $150 million from its commercial arm. The commitment, he said, reflected the importance that the bank puts on electricity access, and an indication that it wants to pay more attention to the sector.'Electricity is one component that we have not paid sufficient attention to. It's the bloodline of development, it is a human right, it's a prerequisite of any activity,' he told the forum in Dar es Salaam on Monday. Beijing-based AIIB, which has over ten members drawn from Africa, including Kenya which joined last year, pledged $1 billion towards the mission. Jin Liqun, AIIB president, said the bank is already considering projects in several countries on the continent, including in Kenya and Rwanda. The OPEC Fund for Development also pledged $1 billion, with the possibility of adding another $1 billion over the next two years based on how African countries will commit to the mission and milestones made with the compacts made in the Dar summit. French President Emannuel Macron also announced on Tuesday that the nation's development agency AFD will be contributing $1.04 billion (€1 billion) towards the project.'Access is the cornerstone of a broader just energy transition that drives sustainable and inclusive development across the African continent and beyond. Mobilising for millions of households to have energy is a crucial solidarity-based investment,' noted AFD chief executive Remy Rioux. Foreign governments, including Norway, the United Kingdom, Germany and Italy, also made commitments to support the goal, either directly through aid and financing to countries or the through empowerment of multilateral organisations tasked with strengthening energy access. The Norwegian ministry of international development said it will increase its funding to the Energy Sector Management Assistance Programme by about $27 million, while the UK said it will add an additional $8.5 million to the Sustainable Energy Fund for Africa. © Copyright 2022 Nation Media Group. All Rights Reserved. Provided by SyndiGate Media Inc. (
