Aiib Goes Global

The 57 members of the China-led Asian Infrastructure Investment Bank (AIIB), held its first meeting at the end of June.

One of the main topics for discussion was procedures for admitting new members with a strong focus on expanding into Africa and South America.24 countries from these regions are planning to apply before 30 September including Chile, Colombia and Venezuela in Latin America, and Algeria, Libya, Nigeria, Senegal and Sudan in Africa.

Trade between these regions and Asia-pacific has grown rapidly in the last decade.

The AIIB has already given four loans to Indonesia, Bangladesh, Pakistan and Tajikistan totalling around USD500 million respectively, with the ADB, World Bank and the European Bank for Reconstruction and Development.

- Video Advertisement -

Related Post

Bassac Riverbank Stabilization Project in Kandal Reaches 60% Completion

The ongoing infrastructure initiative to reinforce the Bassac riverbank in Sampov Poun City, Kandal Province, has achieved a significant milestone, with construction teams completing approximately 60% of the designated works. Local authorities and engineering crews remain heavily committed to accelerating the remaining phases to ensure the project concludes entirely on schedule. During a recent field […]

Cambodia and Vietnam Partner to Build Major Drug Rehabilitation Center in Svay Rieng

Cambodia and Vietnam are joining forces to establish an expansive National Drug Treatment and Rehabilitation Center in Svay Rieng Province. The planned facility will cover more than fifty-three hectares of land, marking a significant step forward in bilateral efforts to address substance dependency and long-term recovery. The project advanced further following a strategic meeting on […]

Kampong Cham Becomes First Cambodian Province to Finalize Precise Local Administrative Boundary Maps

Landmark mapping initiative paves the way for advanced economic corridors, digital integration with Google Maps, and comprehensive rural modernization under the Pentagonal Strategy In a historic milestone for Cambodia’s local governance and territorial management, Kampong Cham has officially become the first province in the nation to establish accurate, clear, and definitive administrative boundary maps for […]

Cambodia Nears Completion of Strategic Border Ring Road in Northeastern Provinces

Funded by the Border Infrastructure Fund, the infrastructure project in Mondulkiri and Ratanakiri achieves over 95% of its construction targets Cambodia’s ambitious infrastructure initiative to establish a continuous border ring road is nearing full completion, with construction teams successfully executing the vast majority of planned developments in Mondulkiri and Ratanakiri provinces. From the commencement of […]

Bentley Systems Unveils OpenUtilities Substation+ to Fix Fragmented Grid Design          

Bentley Systems has launched OpenUtilities Substation+, an AI-supported 3D design software designed to eliminate fragmented utility data. By unifying isolated civil, electrical, and structural information into a single standards-aligned model, the platform fixes the data gaps that stall automation and derail digital twin initiatives. By consolidating these distinct disciplines into a single architecture, the software […]

Chinese Enterprises Expand Industrial Footprint in Svay Rieng Special Economic Zone

Two manufacturing firms pledge capital to the Qilu SEZ following a successful provincial delegation visit to Shandong Province and Zibo City Svay Rieng Province is poised for further industrial expansion as two Chinese companies have officially committed to investing in the region’s prominent Qilu Special Economic Zone. This new capital injection aims to significantly expand […]