Jin Liqun Steps Down as AIIB President

Jin Liqun, the pioneering president of the Asian Infrastructure Investment Bank (AIIB), is stepping down after a decade of leading the bank, which was established as Chinas response to the World Bank. Despite the shifting global landscape marked by protectionism and declining multilateralism, the AIIB has maintained a diverse membership of over 100 countries, including U.S. allies and nations with disagreements with Beijing. With $66 billion in assets, the AIIB aims to assert Chinas role in global development finance. Jin Liqun remains a staunch advocate for global cooperation, emphasizing the importance of multilateralism amidst geopolitical tensions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.