Minister of Finance and Planning, Moosa Zameer, is attending the 10th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB), being held from June 24 to 26 at China National Convention Centre 2. The summit convenes over 3,500 delegates, including bankers, policymakers, civil society representatives, and media, to address global infrastructure and sustainable development priorities. Topics under discussion include green finance, regional connectivity, digital transformation, and harnessing private-sector investment.
Had a productive meeting with President Sheng Hetai and senior officials of SINOSURE on the sidelines of #AIIB2025.
Discussed strengthening insurance coverage cooperation in support of the #Maldives‘ development priorities and ongoing fiscal reforms.
🇲🇻🇨🇳 pic.twitter.com/Tac6WfzUud
— Moosa Zameer (@MoosaZameer) June 24, 2025
At a high-profile Governors’ Special Session on June 24, Madam Zou Jiayi, a former Chinese vice finance minister and anti-corruption official, was elected as AIIB’s second president and its first female leader. Her five-year term begins January 16, 2026. Industry observers expect her leadership to bridge AIIB’s role with major institutions such as the World Bank and ADB while expanding its presence with new offices planned in Hong Kong, Singapore, London, and Abu Dhabi.
Minister Zameer extended formal congratulations, reaffirming Maldives’ alignment with AIIB’s inclusive growth agenda. On the sidelines, he held bilateral talks with senior officials from China’s Export and Credit Insurance Corporation (Sinosure). They discussed opportunities to enhance insurance support for Maldives’ ongoing fiscal and infrastructure reforms.
Since its founding in January 2016—with Maldives as a founding member—AIIB has grown from 57 to 110 members, now representing over 80 percent of the global population and two-thirds of world GDP . Over the past decade, the bank has deployed more than USD 60 billion across 322 projects, covering clean energy, transport, water, urban, and digital infrastructure in 38 economies.
Maldives has directly benefited through two key initiatives:
- A USD 15 million Results‑Based Loan with an interest buy‑down grant of USD 2.74 million, aimed at bolstering public financial management and climate‑resilient fiscal reforms.
- A USD 40 million loan for the Greater Malé Waste‑to‑Energy project—the Maldives’ flagship environmental infrastructure programme—implemented jointly with ADB, costing USD 151 million and operational through September 2026.
As the AIIB marks its 10th anniversary under the banner “Connecting for Development, Collaborating for Prosperity”, Zambia’s future course of action includes stronger public–private collaboration, support for sustainable infrastructure, and enhanced digital and green investments—themes resonating with Maldives’ national objectives.
Zou’s elevation—widely interpreted as an effort to strengthen Asia‑centered development finance and align AIIB with major global lenders—signals continuity amid increasing scrutiny over geopolitical influence.
Minister Zameer’s active engagement at the AIIB summit underscores the Maldives’ diplomatic and development priorities: leveraging multilateral platforms to secure financing, partnerships, and technical support in critical sectors—from climate resilience to green fiscal frameworks.
