Latest news with #JinLiqun
Qatar Tribune
6 hours ago
- Business
- Qatar Tribune
Qatar to welcome AIIB in 2026, reinforcing its status as a global hub
Tribune News Network Doha Qatar will host the 11th Annual Meeting of the Asian Infrastructure Investment Bank in 2026. Minister of Finance HE Ali bin Ahmed Al Kuwari, representing the State of Qatar, and President of the Asian Infrastructure Investment Bank (AIIB), Jin Liqun signed the agreement for hosting the 2026 annual meeting, on the margin of the Annual Meeting of the AIIB, taking place in Beijing, China. In his speech during the signing ceremony, the Minister stated: 'Our capital stands out as a hub for global dialogue and cooperation, and we look forward to welcoming you with Qatari warmth, professionalism, and a deep respect for the multilateral values that unite us.' He highlighted the importance of leveraging this event to foster international dialogue on the future of infrastructure, stating: 'We hope the Doha Annual Meeting will serve as a platform to deepen the conversation on future infrastructure, whether in sustainable transport, resilient energy systems, or cross-border connectivity projects such as the Development Road in Iraq and other vital corridors across Asia and the Middle East.' He reaffirmed Qatar's commitment to supporting the Bank's objectives and enhancing the partnership, saying: 'We do not view the Asian Infrastructure Investment Bank merely as a financial institution, but rather as a platform for ideas, partnerships, and shared prosperity. Our national vision is built upon principles of diversification, sustainability, and human capital—values we aspire to embody when we host you in Doha.' For his part, AIIB President and Chair of the Board of Directors, Jin Liqun said: 'Located at the crossroads of Asia, Africa, Europe and South America, Qatar serves as a vital global connector.' 'Hosting the 2026 Annual Meeting there will open new avenues for interregional collaboration on sustainable infrastructure, connectivity and innovation,' he added. Qatar's hosting of this prominent international event reflects its growing stature as a leading regional financial and investment hub and underscores its ongoing commitment to supporting multilateral development initiatives and enhancing international cooperation in infrastructure and sustainable development.
Bloomberg
a day ago
- Business
- Bloomberg
AIIB President Jin on Tariff Risks, Membership
AIIB President, Jin Liqun says free trade remains the strongest defense against rising tariffs. In an exclusive interview in Beijing, Jin also signaled openness to working with non-member countries—including the United States. (Source: Bloomberg)
Bloomberg
2 days ago
- Business
- Bloomberg
AIIB's Outgoing President Stresses Openness to Global Partners
The Asian Infrastructure Investment Bank remains open to all countries, including the US and Japan, the lender's outgoing president said, as the Beijing-based institution looks to emphasize its growing global reach. 'For whatever reason you choose not to join, it's not a problem — we can work together,' Jin Liqun, who is stepping down in January after nearly a decade at the helm, said in a Bloomberg TV interview Tuesday. He added that the bank works closely with US and Japanese financial institutions.
Euronews
2 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.
Euronews
2 days ago
- Business
- Euronews
AIIB elects former anti-corruption official as new president
The Asian Infrastructure Investment Bank — a similar institution to the World Bank — announced a new president on Tuesday during its 10th annual meeting. Zou Jiayi will see her five-year term begin on 16 January 2026, the day after the founding President Jin Liqun concludes his second five-year term. 'The Bank's strategy is clear and on track, and there is so much more we can achieve in the years to come,' said Zou. 'In the first 10 years, AIIB has already invested development capital in 322 projects across 38 member economies, in many cases in partnership with other leading multilateral development banks.' Zou Jiayi is a former vice minister of finance and senior member of the Chinese Communist party's anti-corruption body. Her experience spans organisations including the World Bank Group, the Asian Development Bank, the New Development Bank, the AIIB and the IFAD. She is also deputy secretary-general of the Chinese government's advisory body (CPPCC). The AIIB is focused on development in Asia, although it has 110 members from across the globe. These include European nations such as Germany and France, but the US is not a member. The annual meeting comes at a critical time for the bank as it seeks to court business opportunities, particularly while institutions like the World Bank and the IMF face potential funding cuts from the US administration. The AIIB now employs 700 international staff from 78 economies and it has invested more than $60 billion, with at least half of new financing now directed to climate finance projects.
