Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB) and Dimitry Kumsishvili, First Vice Prime Minister and Minister of Finance of Republic of Georgia, signed a loan agreement during the second annual meeting of Board of Governors for a US$114 million loan for the construction of approximately 14.3 kilometer modern highway bypassing Batumi port city on the Black Sea coast.
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Baku , November 18, 2024
AIIB Signs Landmark Private Sector Solar PV Project in Azerbaijan at COP29 in Baku
At COP29, the Asian Infrastructure Investment Bank (AIIB) signed a financing agreement of USD160 million for its first private-sector renewable energy project in Azerbaijan, marking a major step in expanding green infrastructure across the Caucasus region.
READ MOREBaku , November 14, 2024
GCA, AIIB Partner to Strengthen Climate Resilience in Infrastructure Projects
The Global Center on Adaptation (GCA) and the Asian Infrastructure Investment Bank (AIIB) have signed a Letter of Intent (LOI) to establish a strategic partnership aimed at mainstreaming climate adaptation and resilience within infrastructure projects across Asia and Africa.
READ MOREBaku , November 13, 2024
AIIB, ADB Renew Partnership to Tackle Regional Development Challenges
On the margins of COP29 in Baku, Azerbaijan, the Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB) renewed their Memorandum of Understanding (MOU) to deepen cooperation in addressing Asia’s most pressing development challenges.
READ MOREBaku, November 12, 2024
Multilateral Development Banks to Boost Climate Finance
Multilateral development banks (MDBs) today issued a joint statement at COP29 in Baku outlining financial support and other measures for countries to achieve ambitious climate outcomes.
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