The Asian Infrastructure Investment Bank (AIIB) has up to now approved investment worth 7.5 billion U.S. dollars in infrastructure projects along the Belt and Road routes, playing an active role in the B&R construction, the bank's president Jin Liqun said at a recent forum.
According to Jin, the AIIB investment has driven nearly 40 billion U.S. dollars of public and private capital into infrastructure projects covering transportation, energy, telecommunication, urban development and other fields in 13 countries.
The B&R Initiative and the AIIB are both proposed by China, but they both belong to the world, consisting open and inclusive cooperation platforms that help the international community to jointly address the challenges of globalization, said Jin.
At present, the AIIB is granted AAA rating by three major international rating agencies, and a zero-risk weight by the Basel Committee on Banking Supervision, introduced Jin.
In addition, six countries became the bank's new members not long ago, bringing the total number of members to 93. The founding members of the AIIB were just 57.
Jin believed that all these fully demonstrate the international community's trust for the AIIB.
He emphasized that the AIIB pays high attention to the quality of projects along the B&R routes. He believed each project should be completed with high standards, so as to further enhance the world’s confidence in the B&R Initiative.
In the future, the AIIB will strive to provide better support and guarantee for the B&R construction, by expanding the financing scale and strengthening capacity building, according to Jin.
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