The Asian Infrastructure Investment Bank (AIIB) plays a significant role in enhancing infrastructure and connectivity across Asia while promoting the principles of multilateralism. Established on December 25, 2015, the AIIB was initiated by China with the objective of fostering economic integration, regional connectivity, and sustainable infrastructure development throughout the continent.

Since its inception, the AIIB has experienced substantial growth in its membership, expanding from 57 founding members to 110 countries. This membership represents over 80 percent of the world's population and exceeds 60 percent of global GDP. As a result, the AIIB has positioned itself as the second-largest multilateral financial institution after the World Bank, actively addressing development challenges not only in Asia but also in regions across Africa, Latin America, and Central and Eastern Europe.

With a clear focus on enhancing infrastructure connectivity, the AIIB has approved 318 projects to date, with total financing surpassing $60 billion. The bank has successfully mobilized more than $200 billion to support infrastructure development efforts, benefiting 38 member countries both in the Asian continent and beyond.

One notable initiative was the AIIB's early support for Bangladesh, where it provided a $165 million loan to upgrade the country's power distribution system. This financing facilitated the installation of essential power transmission lines and infrastructure improvements in rural areas, illustrating the bank's commitment to tackling energy challenges in developing nations.

Furthermore, amid the dual adversities of the COVID-19 pandemic and ongoing natural disasters, the AIIB demonstrated agility by extending nearly $14.7 billion in emergency funding to 26 developing member states. This financial backing was crucial in supporting economic recovery and improving living conditions for vulnerable populations.

The AIIB is committed to the principles of being "lean, clean, and green," actively promoting multilateralism through its governance framework. By adhering to practices of widespread consultation and collaborative contributions, the bank not only enhances infrastructure but also strengthens South-South Cooperation and fosters North-South Dialogue, establishing itself as an influential player in global governance.

In alignment with global efforts to combat climate change, the AIIB emphasizes green, low-carbon development. Recent reports indicate that more than half of the AIIB's total approved financing in 2022, 2023, and 2024 was classified as climate finance, with projections for this proportion to reach 67 percent in 2024 and a commitment to allocate at least 50 percent of its annual financing to climate initiatives through 2030.

The AIIB's achievements over the past decade are a testament to its dedication to multilateralism and collective growth. By facilitating infrastructure financing, promoting sustainable transformation, and addressing pressing global challenges, the bank has showcased the effectiveness of multilateral cooperation.

Looking ahead, the AIIB aims to continue its pivotal role in sustainable infrastructure and economic development, thus driving new momentum for global progress. As the bank evolves, it will remain focused on contributing to infrastructure needs while ensuring adherence to environmental commitments.