Update: Zou Jiayi elected as next AIIB president

BEIJING, June 24 (Xinhua) -- Zou Jiayi has been elected as the next president of the Asian Infrastructure Investment Bank (AIIB), the chair of AIIB's Board of Governors announced in Beijing on Tuesday.

Zou's five-year term will begin Jan. 16, 2026, the day after founding President Jin Liqun concludes his second five-year term.

Zou is an experienced leader with over three decades of experience in global financial policy, according to the bank's official website. As the former Chinese vice minister of finance, she has been instrumental in China's engagement with major international financial institutions. Her experience spans organizations such as the World Bank Group, the Asian Development Bank and the New Development Bank.

"I am humbled and honored by the trust that AIIB members have placed in me," Zou said, adding that AIIB has already invested development capital in 322 projects across 38 member economies, in many cases in partnership with other leading multilateral development banks.

"The bank's strategy is clear and on track, and there is so much more we can achieve in the years to come," she said.

The AIIB is a multilateral development bank dedicated to financing "infrastructure for tomorrow," with sustainability at its core. Having started operations in 2016, the AIIB now has 110 approved members worldwide. ■