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AIIB expands global membership to 110

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AIIB expands global membership to 110

2024-09-27 16:23 Last Updated At:21:57

The Asian Infrastructure Investment Bank (AIIB) has grown to 110 approved members after its Board of Governors voted in support of the application by the Republic of Nauru on Thursday during the bank's ninth annual meeting.

The ninth annual meeting of the AIIB was held in Samarkand, Uzbekistan from Wednesday to Thursday, marking the first time that the AIIB has held its flagship event in Central Asia.

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AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

Running under the theme "Building Resilient Infrastructure for All", this year's annual meeting focused on key issues, including infrastructure development, multilateral cooperation, regional interconnectivity and response to global challenges such as climate change.

"The Bank's climate financing was scheduled to reach 50 percent by 2025, but we have achieved that target two years ago, and we will continue to finance more. In terms of promoting regional connectivity, we will contribute more to the regional and global integration, or the cross-border interconnectivity in other words," said AIIB's president Jin Liqun.

The AIIB also focuses developing green economy, achieving sustainable growth and promoting the construction of infrastructure through digital technologies, according to Jin.

The Board of Governors of the AIIB announced at a ceremony marking the end of the ninth AIIB annual meeting that the bank's 10th Annual Meeting will be held in Beijing in June 2025 and Lan Foan, the AIIB Governor for China and also China's Minister of Finance will be the Chair of the AIIB Board of Governors for 2025.

Beginning operations in Beijing in January 2016, the AIIB is a multilateral development bank whose mission is to finance infrastructure projects that prioritize sustainability. The bank has approved financing of over 50 billion U.S. dollars for around 300 projects since its inception.

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

AIIB expands global membership to 110

Chinese State Councilor and Minister of Public Security Wang Xiaohong met with Graeme Biggar, director general of Britain's National Crime Agency, in Beijing on Thursday.

Wang said that China stands ready to work with Britain, under the strategic guidance of the leaders of both countries, to deepen practical cooperation in such areas as combating economic and financial crimes, telecom and online fraud, and illegal immigration, as well as carrying out drug control.

The two sides should step up coordination of actions under multilateral frameworks including the United Nations and Interpol, strengthen cooperation on law enforcement capacity building and experience sharing, continuously advance the in-depth development of bilateral law enforcement cooperation, and jointly safeguard the well-being of the two peoples, Wang added.

Biggar said that Britain is ready to maintain close communication with China and jointly elevate the level of bilateral law enforcement cooperation.

China's police chief meets with director general of Britain's national crime agency

China's police chief meets with director general of Britain's national crime agency

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