China Nominates New President of Asian Infrastructure Bank
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China has nominated Zou Jiayi as its candidate for the next president of the Asian Infrastructure Investment Bank (AIIB), an international development lender backed by Beijing.
The nomination, announced Monday by the Ministry of Finance, follows the start of a leadership transition at the AIIB, with the election scheduled for June.
The AIIB, launched in 2016 with China at the forefront of its establishment, has grown to become a key player in global infrastructure financing. With 110 members, representing roughly 80% of the world’s population and about two-thirds of global GDP, the bank has approved nearly $60 billion in financing for more than 300 projects as of the end of March.
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- China nominated Zou Jiayi for AIIB presidency, planning a June election for leadership transition.
- AIIB, established in 2016 with China's backing, has approved $60 billion across 300 projects, involving 110 members.
- Zou, a former vice finance minister, has over three decades in global development and is the preferred presidential candidate, following Jin Liqun.
- March 31, 2025：
- China nominated Zou Jiayi as its candidate for the next president of the AIIB.
- By the end of March 2025：
- AIIB approved nearly $60 billion in financing for more than 300 projects.
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