The Asian Infrastructure Investment Bank (AIIB) has outlined an updated strategy aimed at doubling its annual financing to $17 billion by 2030 and targeting more than half its investments toward climate-related projects. The bank’s board approved the updated corporate strategy today, setting a goal of deploying another $75 billion over the next five years to address global infrastructure gaps.
The strategy focuses on four main areas: doubling annual financing with balanced support for government and private clients, maximizing climate impact with over $50 billion in climate finance through 2030, strengthening regional cooperation with 25-30% of financing supporting cross-border projects, and improving development outcomes. The bank has added a project completion success indicator to its scorecard to better track whether investments achieve their intended results.
AIIB President Jin Liqun said the bank wants to make investments that benefit both current and future communities. “We aim to deploy another USD75 billion by 2030 to narrow the infrastructure financing gap — but our ambition goes beyond dollar figures,” he said, emphasizing the bank’s commitment to building infrastructure that is “green, inclusive resilient and future-proof.” The updated strategy builds on AIIB’s core values of being lean, clean and green while adapting to changing global conditions and client needs.
All investments must meet three sustainability requirements: financial and economic viability that doesn’t worsen member countries’ debt situations, social sustainability with no negative impacts on displaced people or vulnerable groups, and environmental sustainability with no harmful effects on air quality, biodiversity or climate. The bank will continue working with other development banks and international organizations to achieve these goals.
