Printed on
China’s AIIB — an identical establishment to the World Financial institution — introduced a brand new president on Tuesday throughout its tenth annual assembly.
Zou Jiayi will see her five-year time period start on 16 January 2026, the day after the founding President Jin Liqun concludes his second five-year time period.
“The Financial institution’s technique is evident and on observe, and there’s a lot extra we are able to obtain within the years to come back,” stated Zou.
“Within the first 10 years, AIIB has already invested growth capital in 322 tasks throughout 38 member economies, in lots of circumstances in partnership with different main multilateral growth banks.”
Zou Jiayi is a former vice minister of finance and senior member of the Chinese language Communist get together’s anti-corruption physique.
Her expertise spans organisations together with the World Financial institution Group, the Asian Growth Financial institution, the New Growth Financial institution, the AIIB and the IFAD.
She can also be deputy secretary-general of the Chinese language authorities’s advisory physique (CPPCC).
The AIIB is targeted on growth in Asia, though it has 110 members from throughout the globe.
These embrace European nations equivalent to Germany and France, however the US shouldn’t be a member.
The annual assembly comes at a crucial time for the financial institution because it seeks to court docket enterprise alternatives, significantly whereas establishments just like the World Financial institution and the IMF face potential funding cuts from the US administration.
The AIIB now employs 700 worldwide workers from 78 economies and it has invested greater than $60 billion, with at the least half of latest financing now directed to local weather finance tasks.