As the pandemic sweeps the world, who can offer critical support to economies? The Asian Infrastructure Investment Bank (AIIB) believes it has a role to play. The lender is celebrating its 5th anniversary this week. The multilateral development bank’s founding mission is to improve social and economic conditions in the Asia-Pacific region. Five years on, with 103 members, it now has a total of 108 approved projects with 46 more in the pipeline covering 28 economies, including Vietnam, Georgia, Turkey, India and Pakistan. Half its projects are in energy and finance. On the occasion of the anniversary, Tian Wei was invited by AIIB President Jin Liqun to the bank’s headquarters to talk about new priorities.
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India, officially the Republic of India, is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world. New Delhi is the capital.
It has an exceptionally diverse population, with Hindus, Muslims, Christians, Sikhs, Buddhists, Jains and other religions speaking over 21 recognised languages.
The Pacific Ocean is the largest and deepest of Earth’s oceanic divisions. It extends from the Arctic Ocean in the north to the Southern Ocean in the south and is bounded by the continents of Asia and Australia in the west and the Americas in the east
Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It has a population exceeding 212.2 million, including the world’s second-largest Muslim population. It has an area of 881,913 square kilometres (340,509 square miles).
Pakistan has a 1,046-kilometre (650-mile) coastline along the Arabian Sea and Gulf of Oman in the south and is bordered by India to the east, Afghanistan to the west, Iran to the southwest, and China to the northeast. It is separated narrowly from Tajikistan by Afghanistan’s Wakhan Corridor in the northwest, and also shares a maritime border with Oman.
Turkey, officially the Republic of Turkey, is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a smaller portion on the Balkan Peninsula in Southeastern Europe.
Istanbul, which straddles Europe and Asia, is the country’s largest city, while Ankara is the capital. The majority of the population identifies as Turkish, around 20% identify as Kurdish.
Vietnam is a Southeast Asian country known for its beaches, rivers, Buddhist pagodas and bustling cities. Hanoi, the capital, pays homage to the nation’s iconic Communist-era leader, Ho Chi Minh, via a huge marble mausoleum. Ho Chi Minh City (formerly Saigon) has French colonial landmarks, plus Vietnamese War history museums and the Củ Chi tunnels, used by Viet Cong soldiers.