The Asian Infrastructure Investment Bank (AIIB) approved USD8.4 billion in financing in 2024 for 51 projects spanning energy, water, transport, sustainable cities, digital and social infrastructure, reflecting the Bank’s ongoing commitment to financing Infrastructure for Tomorrow and delivering measurable development outcomes.
According to the AIIB Sustainable Development Bonds Impact Report 2024 released today, projects approved by end of 2024 are expected to:
- Support the avoidance of 28.5 million tons of CO2 equivalent emissions annually
- Provide 71 million people with access to safe drinking water
- Improve transport access through enhanced roads, airports and railways to at least 410 million beneficiaries.
Examples include support for solar energy systems in the Maldives, low-carbon urban transport in Egypt and climate investment funds in Brazil.
“AIIB was established to help meet urgent sustainable infrastructure needs in Asia and beyond, needs that are increasingly shaped by climate change, inequality and technological transformation,” said AIIB President Jin Liqun. “This year’s Impact Report demonstrates the reach and relevance of our investments and how we are delivering long-term value for our members and their communities.”
In line with its corporate strategy and climate finance targets, AIIB scaled up climate-related financing in 2024:
- USD6 billion, or 67% of total approved financing, contributed to climate mitigation or adaptation outcomes (up from 60% in 2023)
- 50 of 51 approved projects contributed to Sustainable Development Goal (SDG) 13: Climate Action.
AIIB also launched several financial and capital markets innovations:
- Introduction of the Climate Policy-Based Financing (CPBF) instrument to support members’ climate-related reform programs
- Issuance of AIIB’s inaugural Digitally Native Notes via Euroclear.
“In 2024, AIIB executed one of its largest annual borrowing programs to date, raising nearly USD10 billion and increasing total outstanding bonds to USD34 billion,” said AIIB Treasurer Domenico Nardelli. “This reflects continued investor confidence in AIIB’s governance, credit strength and sustainability framework.”
Since commencing operations in 2016, AIIB has approved over USD60 billion in financing. The Bank is committed to deploying at least another USD75 billion by 2030. Through its Sustainable Development Bonds, AIIB seeks to mobilize global capital toward infrastructure that is sustainable, inclusive and resilient, and supports its members' efforts to achieve the SDGs.
