China News Service, October 27 (Zhongxin Finance and Economics Gong Hongyu) "We have always believed that multilateralism is the key to solving global problems. The AIIB continues to promote cooperation and maintain sufficient flexibility to quickly respond to the changing and diverse needs of its members. Help members better cope with unforeseen challenges."
Recently, the seventh board of directors of the Asian Infrastructure Investment Bank (AIIB) was held in the form of video.
Jin Liqun, President and Chairman of the Board of Directors of the AIIB, said this in a global media video conference on the 26th.
Data map: Jin Liqun, president of the Asian Infrastructure Investment Bank (AIIB).
Photo by China News Agency reporter Zhang Hao
In response to the recent interest rate hikes by central banks in many countries and the cyclical turbulence of the economy, Jin Liqun mentioned that relevant governments are doing everything they can to control inflation and maintain economic growth.
In some major economies, it wasn't all gloomy news, there were also very positive signs.
Profits of financial institutions, for example, actually saw strong returns.
We should have confidence that the economy will be resilient.
“Of course, the current pressures will have some detrimental effects on the ability of many countries to continue their infrastructure development projects. But that’s why we’re here and that’s why the AIIB is important to be able to reach out to those who need our help at the most critical time. countries to provide new resources." Jin Liqun said.
In response to the energy topic that has attracted much attention this year, Jin Liqun said that geopolitical conflicts have put pressure on many countries, including developed regions, to deal with climate change plans.
But despite all the difficulties, countries including China still stick to their commitments to the Paris Agreement.
He said that AIIB members are increasingly focusing on solutions that can adapt to and mitigate the impact of climate change, which further encourages AIIB to increase exploration and action in this area.
For example, in 2021, the AIIB's total climate financing will reach US$2.9 billion, accounting for 48% of the total approved financing.
The AIIB will ensure that all financing projects are fully aligned with the relevant goals of the Paris Agreement by July 2023, and will achieve the target of 50% or more of climate finance by 2025.
In addition, in the context of the raging global epidemic of new coronary pneumonia, Jin Liqun said that the AIIB has also actively responded to the needs of its members, and has successively established the "New Coronary Epidemic Crisis Recovery Fund" and "Special Fund for Project Preparation" to support members in effectively responding to the impact and recovery of the epidemic. Economic and social development, and high-quality implementation of sustainable infrastructure development projects.
"In the future, we will continue to innovate financing methods and tools, promote sustainable infrastructure construction, promote regional cooperation and interconnection, help members achieve green economic development, and support broader economic recovery." Jin Liqun said.
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