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Various-AIIB/Review
FILE: Beijing, China - Date Unknown (CGTN - No access Chinese mainland)
1. Logo of Asian Infrastructure Investment Bank (AIIB)
2. Entrance to building
3. Board reading "Asian Infrastructure Investment Bank"
4. Various of AIIB logo
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
5. Various of railway under construction
6. Various of road construction projects, heavy machinery, workers at construction site
FILE: Duqm, Oman - Sept 4, 2017 (CGTN - No access Chinese mainland)
7. Machine working at China-Oman (Duqm) Industrial Park
8. Various of Chinese workers
9. Construction machines at China-Oman (Duqm) Industrial Park
FILE: Indonesia - Date Unknown (CGTN - No access Chinese mainland)
10. Aerial shots of residential buildings, rivers, construction sites
11. Various of dams
12. Slums
13. Various of tall buildings
Beijing, China - July 12, 2019 (CGTN - No access Chinese mainland)
14. Graphics of numbers of AIIB: 97 members
15. Graphics of AIIB 100 bln U.S. dollars capital stock
16. Graphics of AIIB at glance: Standard and Poor's, Moody's Fitch Ratings: AAA
17. Graphics of AIIB: biggest recipients of 8.03 bln U.S. dollars investments: Omen, Egypt, Azerbaijan, Turkey, Indonesia, India
The Asian Infrastructure Investment Bank (AIIB), which has invested over 8 billion U.S. dollars in a total of 40 projects, will hold its annual meeting in Luxembourg on Friday and Saturday.
Bringing the region together and moving forward was the motivation behind the AIIB, and it has been six years since Chinese President Xi Jinping first proposed the idea.
Xi saw it as a way for Asia to overcome a gap in infrastructure investment. Allowing regional partners to take out loans for everything from hydroelectric dams, to fiber optic networks.
Since then, the AIIB has stepped into the spotlight on the world stage.
The bank now has 97 members; all stakeholders backing the project to a tune of 100 billion U.S. dollars.
And three of the world's top major global credit rating agencies have given the bank their highest grade.
The AIIB has so far approved 40 projects; investing a total of just over 8 billion dollars across the region.
Some of the biggest recipients include India, Indonesia, and Turkey -- developing countries that have major gaps in infrastructure spending and needs. But it is not just Asian countries seeing a gap in infrastructure investment.
Management consultant group McKinsey and Company said an extra 3.3 trillion dollars will need to be invested annually, around the globe, until 2030, to support a growing population.
Even regions like Europe are falling short of investment.
The European Investment Bank said the EU needs to invest an extra 776 billion U.S. dollars every year until 2020 to make up for its infrastructure spending gap.
As Asia becomes more connected, an opportunity arises for Europe to share its success.
Various-AIIB/Review
Dateline : July 12, 2019/File
Location : China Indonesia Oman
Duration : 2'02
FILE: Beijing, China - Date Unknown (CGTN - No access Chinese mainland)
1. Logo of Asian Infrastructure Investment Bank (AIIB)
2. Entrance to building
3. Board reading "Asian Infrastructure Investment Bank"
4. Various of AIIB logo
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
5. Various of railway under construction
6. Various of road construction projects, heavy machinery, workers at construction site
FILE: Duqm, Oman - Sept 4, 2017 (CGTN - No access Chinese mainland)
7. Machine working at China-Oman (Duqm) Industrial Park
8. Various of Chinese workers
9. Construction machines at China-Oman (Duqm) Industrial Park
FILE: Indonesia - Date Unknown (CGTN - No access Chinese mainland)
10. Aerial shots of residential buildings, rivers, construction sites
11. Various of dams
12. Slums
13. Various of tall buildings
Beijing, China - July 12, 2019 (CGTN - No access Chinese mainland)
14. Graphics of numbers of AIIB: 97 members
15. Graphics of AIIB 100 bln U.S. dollars capital stock
16. Graphics of AIIB at glance: Standard and Poor's, Moody's Fitch Ratings: AAA
17. Graphics of AIIB: biggest recipients of 8.03 bln U.S. dollars investments: Omen, Egypt, Azerbaijan, Turkey, Indonesia, India
The Asian Infrastructure Investment Bank (AIIB), which has invested over 8 billion U.S. dollars in a total of 40 projects, will hold its annual meeting in Luxembourg on Friday and Saturday.
Bringing the region together and moving forward was the motivation behind the AIIB, and it has been six years since Chinese President Xi Jinping first proposed the idea.
Xi saw it as a way for Asia to overcome a gap in infrastructure investment. Allowing regional partners to take out loans for everything from hydroelectric dams, to fiber optic networks.
Since then, the AIIB has stepped into the spotlight on the world stage.
The bank now has 97 members; all stakeholders backing the project to a tune of 100 billion U.S. dollars.
And three of the world's top major global credit rating agencies have given the bank their highest grade.
The AIIB has so far approved 40 projects; investing a total of just over 8 billion dollars across the region.
Some of the biggest recipients include India, Indonesia, and Turkey -- developing countries that have major gaps in infrastructure spending and needs. But it is not just Asian countries seeing a gap in infrastructure investment.
Management consultant group McKinsey and Company said an extra 3.3 trillion dollars will need to be invested annually, around the globe, until 2030, to support a growing population.
Even regions like Europe are falling short of investment.
The European Investment Bank said the EU needs to invest an extra 776 billion U.S. dollars every year until 2020 to make up for its infrastructure spending gap.
As Asia becomes more connected, an opportunity arises for Europe to share its success.
ID : 8115831
Published : 2019-07-12 15:19
Last Modified : 2019-07-12 19:39:00
Source : China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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