Connect with us

Foreign news

Xi Jinping highlights AIIB’s role in promoting shared development

Published

on

Chinese President Xi Jinping on Tuesday called for making the Asian Infrastructure Investment Bank (AIIB) a new platform that promotes development for all its members and facilitates the building of a community with a shared future for mankind.

Xi made the remarks when addressing via video link the opening ceremony of the fifth annual meeting of the multilateral development bank.

He called on efforts to make the AIIB a new type of multilateral development bank that promotes development across the world, a new type of development platform progressing with the times, a new type of high-performance institution for international cooperation and a new paradigm of multilateral cooperation.

The AIIB, proposed by Xi in late 2013, was officially launched in January 2016.

“The initiative is designed to develop infrastructure and connectivity in Asia and deepen regional cooperation for shared development,” Xi said.

From the 57 founding members to today’s membership of 102 spanning the six continents of Asia, Europe, Africa, North America, South America and Oceania, the AIIB has grown from strength to strength and provided nearly 20 billion U.S. dollars in infrastructure investment to its members.

Xi noted that the AIIB set up a COVID-19 Crisis Recovery Facility this year to support its members in tackling the pandemic and reviving their economies, hailing it a “typical example of the AIIB’s power of action.”

“The global response to COVID-19 has made it clear that mankind rises and falls together in a community with a shared future,” he said. “Mutual support and cooperation in solidarity are the only way for mankind to overcome crises.”

The Chinese president called for efforts to “pursue more inclusive global governance, more effective multilateral institutions, and more robust regional cooperation” to address issues emerging in the course of economic globalization.

The AIIB should “stay open and inclusive” and “engage more development partners in cooperation,” Xi said, calling on the bank to promote regional economic integration and “help make economic globalization more open, inclusive, balanced and beneficial for all.”

Underscoring the importance of innovation, he said the AIIB should strive to enhance connectivity, promote green development, and boost technological advance.

“China will continue working with other members to support the AIIB and make it a success, and contribute more to the global response to risks and challenges and the pursuit of shared development,” Xi said.

(With input from Xinhua)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Breaking News

Pakistan Observes KASHMIR SOLIDARITY DAY in Abuja

Published

on

Joel Ajayi


The people of Pakistan inside the country and across the world is observing Kashmir Solidarity Day Today’s Monday express solidarity with Kashmiris in their struggle for the right to self-determination.  
Since 1990, the Nation of Pakistan observes February 5th as Kashmir Solidarity Day.

According to the statement issued by the High Commissioner of Islamic Republic of Pakistan Abuja, Nigeria H.E Mr Sohail Ahmad Khan stated that, Kashmir Solidarity Day serves as an annual reminder of the  prolonged conflict in Indian Illegally Occupied Jammu and Kashmir, where the struggle for self-determination has left an indelible mark on the lives of innocent Kashmiris. 

“Multiple UN Resolutions unambiguously declare that the final disposition of the State of Jammu and Kashmir will be made in accordance with the will of the people expressed through the democratic method of a free and impartial plebiscite conducted  under the auspices of the United Nations. 


“Numerous international, UN organizations as well as UN Special Rapporteurs have reported gross human rights violations in Jammu and Kashmir. 


“Media and press is under tremendous pressure by Indian Government especially in Indian Illegally Occupied Jammu and Kashmir which is evident from India’s  ranking of 161 out of 180 countries as per 2023 World Press Freedom.


“Jammu and Kashmir has been converted into world’s most militarized zone and the largest prison on earth. Pakistan stands firm with Kashmiri brothers and sisters and  will continue to provide unwavering diplomatic support.


“Pakistan demands that International community including United Nations and it’s relevant Human Rights Machinery, Civil Society Organizations, Media Houses and other defenders of Human  Rights to fulfill their obligations towards besieged Kashmiris by playing their part to end the rule of tyranny and oppression.”

Continue Reading

Trending

error

Enjoy this blog? Please spread the word :)