BAKU, Azerbaijan, June 16. The Asian
Infrastructure Investment Bank (AIIB) plans to double its lending
volume over the next five years, Sherard Cowper-Coles, Vice
President of the AIIB, said, Trend's correspondent reports from the event.
He made the remark during the 8th SDG Dialogue titled
""Innovative Financing for Sustainable Development, Beyond Aid and
Traditional ODA," held as part of the Annual Meeting of the Islamic
Development Bank (IsDB) Group in Baku.
"Over the next five years, we plan to double our lending volume.
We are very proud that last year, 70 percent of our financing went
toward green projects. We have 111 member countries, and a number
of states from Africa and Latin America are seeking to join the
bank, whose mission is to connect Asia within itself and with the
rest of the world," he said.
According to him, it is essential to introduce innovations,
utilize blended finance mechanisms, mobilize private capital, and
deploy digital financial instruments.
"We must remember that infrastructure is not just about
concrete, roads, ports, and bridges. It is also about digital
infrastructure, healthcare infrastructure, educational
infrastructure, and the operating systems of a modern economy and a
developed society — everything that ensures the functioning of
human communities and modern civilization," Cowper-Coles said.
