Behind these large-scale basic projects are the support of this institution

　Hot interpretation丨Behind these large-scale basic projects are the support of this institution

　　In the South Asian country of Bangladesh, there is a small remote village-Padma Bari Village. Since Bangladesh became independent in 1971, this village has not had electricity access.

　　In 2018, thanks to the upgrade and transformation project of Bangladesh's power distribution system, Padmabari Village finally "welcomes the light", and the lives of the villagers have also undergone profound changes.

The picture shows Padma Barui Village Primary School

　　A teacher in the village school said that since the electricity was connected, the school could use fans, lights, projectors and computers, and the government would pay for the electricity. In addition, the local area has also begun to use electric water pumps for agricultural irrigation, which has increased crop yields.

　　It is reported that the Bangladesh power distribution system upgrade project plans to add 2.5 million meters, 65,000 transformers, and 75,000 kilometers of transmission lines to expand and improve rural power service capabilities in Bangladesh’s rural areas, benefiting more than 12.5 million people in Bangladesh. rural population.

　　There are many similar projects: Indonesia's national slum upgrading project will benefit about 10 million people in the slums; the Philippine capital Manila's flood control project can protect millions of residents from floods; the construction of Beijing's natural gas transmission pipeline network will help. Improve the quality of life of Beijing residents...

　　All along, the economic take-off in Asia has been hampered by weak infrastructure. According to estimates, during the period 2010-2020, the average annual infrastructure investment required by Asian developing countries is about 730 billion US dollars, but the annual investment scale of the original multilateral development banks in this field is only about 10 to 20 billion US dollars.

　　The establishment of the Asian Infrastructure Investment Bank has greatly improved the situation. All of the Huimin projects mentioned above have been funded by the Asian Infrastructure Investment Bank.

　　In October 2013, with the original intention of "in order to promote the construction of interconnection and economic integration in the region", President Xi Jinping, who was also Indonesian President Susilo, held talks for the first time to prepare for the establishment of the Asian Infrastructure Investment Bank.

　　"If you want to get rich, build roads first." "Promote infrastructure construction and interconnection in Asia, deepen regional cooperation, and achieve common development." "If there is aspiration, everything will come true"... President Xi Jinping has pushed Asia on many occasions at home and abroad The investment bank promotes the preparation of the AIIB into the "fast lane".

On January 16, 2016, the opening ceremony of the Asian Infrastructure Investment Bank was held in Beijing. President Xi Jinping attended the opening ceremony and delivered a speech. This is Xi Jinping's unveiling of the AIIB's landmark "Stone into Gold".

　　It took 27 months and more than 800 days from the spark of fire initiated by one country to the participation of many countries. The AIIB was established and officially opened at a speed that amazed the world. On January 16, 2016, in the Fanghua Garden of the Diaoyutai State Guest House with both classical and modern architectural features, representatives of 57 member states witnessed the official launch of the AIIB. Chairman Xi Jinping gave the AIIB a symbol of “turning stones into gold” Unveiled.

　　Following the trend of the times, the establishment of the AIIB is China's inclusive move based on its own development experience and a win-win move for countries at different stages of development to seek common development.

　　The AIIB aims to mobilize more government and social capital to support infrastructure construction and sustainable economic development in Asia and other regions. These projects ignite not only a local light, but also the hope of poor people like the villagers of Padma Bari; what they protect is not only the safety of life during floods, but also the inclusive development of people of all countries.

Image source: AIIB official website

　　Over the past four years, the AIIB has provided 24 members with 87 infrastructure projects with a total value of nearly 20 billion U.S. dollars, covering five major areas: energy, transportation, finance, water resources, and urban construction.

　　On the one hand, the AIIB has met the financing needs of developing countries, and on the other hand, it has also given the investment needs of members including developed countries.

　　In the face of the new crown pneumonia epidemic, the AIIB also acted quickly and established a new crown pneumonia crisis recovery fund with an initial scale of 10 billion US dollars. In just over three months, 16 projects have been approved under the fund, benefiting 12 countries including Indonesia, Pakistan, and China, and bringing major benefits to governments and enterprises.

　　Overlooking from the air, the AIIB Headquarters Office Building located in the central area of ​​Beijing Olympic Park is a distinctive "Chinese knot"-shaped building, like a huge ship waiting to set sail, sailing far and connecting the world.

　　Today, "the AIIB has a growing circle of friends, more and more good partners, and higher quality of cooperation." The growth history of the AIIB further proves that the multilateralism pursued by China is the "golden key" to resolve the contradictions arising in the process of economic globalization.

　　(China Central Radio and Television Station CCTV Network)