AIIB plans to double financing by 2030. Can it bridge Asia’s infrastructure gap?

AI Summary

The Asian Infrastructure Investment Bank plans to double annual financing to about US$20 billion by 2030, responding to member economies' demand for infrastructure funding. The target was announced at the bank's annual meeting in Doha as it enters its second decade.

The Asian Infrastructure Investment Bank (AIIB) plans to double its annual financing to about US$20 billion by 2030 as the Beijing-headquartered multilateral lender enters its second decade, its president said on Monday. Announcing the target at the opening of the bank’s 11th annual meeting in Doha, Qatar, AIIB President Zou Jiayi said member economies had voiced a “remarkably consistent” need for greater project funding. “They need more infrastructure and more financing to build it,” Zou told...