Asian Infrastructure Investment Bank to finance development projects in Pakistan

Asian Infrastructure Investment Bank (AIIB) on Tuesday expressed interest in financing scores of development projects in line with the government priorities.

AIIB President Jin Liqun said this during meetings with the senior government officials. “AIIB is fully committed to socioeconomic development of Pakistan,” an official statement quoted Liqun as saying. “AIIB will continue to support the development initiatives by the government of Pakistan.”

Liqun said the visit aims at to understand Pakistan’s socioeconomic needs and the priorities of the government. “AIIB is one of the leading development partners of Pakistan. AIIB fully supports the government’s development vision and policies,” he said in a meeting with Minister of Economic Affairs Division Hammad Azhar.

AIIB president was leading a delegation to discuss projects in power generation and transmission, transport, water supply sectors, information technology and others.

Liqun said AIIB is providing its support for policy reforms and project financing in the key priority areas such as energy, road, social sector, water and irrigation and urban services. He reiterated AIIB’s strong commitment to further strengthening and expanding its partnership with Pakistan.