AIIB opens annual meeting in Doha with plans to double financing by 2030

The Asian Infrastructure Investment Bank (AIIB) has opened its 11th Annual Meeting in Doha, Qatar. The meeting, which is being held under the theme "Tomorrow's Infrastructure: Impact and Innovation," brings together governors, senior officials, and partners from various countries. According to the AIIB President Zou Jiayi, the bank plans to double its annual financing to around $20 billion by 2030 as it enters its second decade.

The AIIB's policy road map will focus on projects that address climate resilience, renewable energy, digital transformation, regional connectivity, conservation, and development aimed at improving people's lives. The bank's president outlined a framework centred on the "triple I's": impact, innovation, and integrity, with a focus on project quality and climate action.

The meeting aims to explore ways to enhance the response of multilateral institutions, governments, and the private sector to growing infrastructure needs, with a focus on mobilizing private capital, deepening cooperation between institutions and markets, and supporting sustainable infrastructure projects. The Prime Minister and Minister of Foreign Affairs of Qatar, Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, was present at the meeting's opening.

Brief written by urgent.news from Doha News, Gulf Times, The Peninsula Qatar, South China Morning Post — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.