AIIB pledges critical infrastructure investments across Asia amid global turbulence

AI Summary
The Asian Infrastructure Investment Bank (AIIB), led by new president Zou Jiayi, plans to increase investments in critical infrastructure across Asia despite global economic and geopolitical challenges. Speaking at the Asian Financial Forum in Hong Kong, Zou emphasized the need for resilient infrastructure to support industrial development and strengthen economies as importers and exporters. She highlighted difficulties such as geopolitical tensions, fragmented global value chains, and declining concessional resources. Zou stressed that public resources alone are insufficient and called for increased private capital and collaboration with other development banks to meet the region's investment needs. The AIIB aims to mobilize resources from various sources to support infrastructure projects across its 111 member countries.
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