According to BART AI, "The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is to finance infrastructure with sustainability at its core1. It was first proposed by China in 2013 and started operation on December 25, 20152. The bank is headquartered in Beijing, China, and has 106 members from around the world, including 42 in Asia, 26 in Europe, 21 in Africa, 8 in Oceania, 8 in South America, and 1 in North America2.AIIB has set an ambitious target of ensuring that 50% of overall approved financing by 2025 will be directed toward climate finance1. They are committed to supporting the Paris Agreement and continuously promote the channeling of capital towards Paris-aligned investments1.The bank’s annual meeting for 2023 will take place in Sharm El Sheikh, Egypt, on September 25-261. They aim to identify actions, best practices, and opportunities that will help achieve sustainable economic growth and positive impact."
It is significant for me that Mr Wong-Jin YONG, the CEO of FLC Asia is presenting at AIIB instead of, say, some member of the team from Israel. For me, Mr Yong has credibility in the eyes of AIIB, and a track record of delivering MABR to up and coming markets like Cambodia. Mr Yong is also responsible for breaking into Taiwan, Korea and, of course, China.
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