Asian Infrastructure Investment Bank announces date for election of new president

The Asian Infrastructure Investment Bank (AIIB) has opened the nomination process for the election of its next president, Report informs referring to the bank's website.

The election will be conducted at the 10^th Annual Meeting of the Bank’s Board of Governors on June 24-26, 2025.

Candidates are nominated by AIIB Governors and must be a national of one of the Bank’s regional members while being able to demonstrate an ability to formulate, articulate and execute a clear vision aligned with the Bank’s mission.

This will be AIIB’s third presidential election. Founding President Jin Liqun will complete his second term on January 15, 2026.

AIIB began operations in 2016, now has 110 approved members worldwide, is capitalized at $100 billion, and is AAA-rated by major international credit rating agencies.

The Bank's cooperation with Azerbaijan began in the first year of its operations. The main areas of partnership include transport, energy and urban development as key factors in economic diversification and sustainable growth. One of the significant joint projects was the financing of the Trans-Anatolian Natural Gas Pipeline (TANAP) in 2016.

Since its inception, AIIB has been actively investing in Central Asia and the Caucasus. The total volume of approved projects in Uzbekistan, Kazakhstan, Tajikistan, Kyrgyzstan and the Caucasus countries has exceeded $5.5 billion. In the coming years, it is planned to allocate about $4.5 billion more for the development of the region.