ZCZC
BCN-15
AIIB-BANK-INVESTMENT
AIIB investments top 4.2 billion USD in 2017: report
BEIJING, June 24, 2018 (BSS/Xinhua) – Investments in projects and funds by
the Asian Infrastructure Investment Bank (AIIB) surpassed 4.2 billion U.S.
dollars in 2017.
The figure was a sharp increase from 1.7 billion U.S. dollars of
investments a year earlier as the bank funded 23 approved projects in sectors
including transport, energy and telecommunication, up from 8 projects in
2016.
Net profit of the bank in 2017 came in at 252 million U.S. dollars, up
from 167 million U.S. dollars a year earlier, according to the report.
The report identified the bank’s thematic priorities as sustainable
infrastructure, cross-border connectivity and private capital mobilization.
In 2017, total amount of private cofinancing by AIIB surpassed 560 million
U.S. dollars, a substantial increase from 5 million U.S. dollars in 2016,
according to the bank’s annual report.
The report also highlights cooperation with other multilateral development
banks to bridge the gap in infrastructure financing, with Asia’s
infrastructure funding needs estimated at 1.7 trillion U.S. dollars per year
until 2030.
AIIB membership grew to 84 last year from 57 in 2016. On May 2, the bank
announced new members Papua New Guinea and Kenya, bringing its total approved
membership to 86.
BSS/AFP/HR/1228