The Asian Infrastructure Investment Bank (AIIB) on Thursday released a new version of its corporate strategy for the period of 2021-2030, outlining its roadmap for future development.

Unveiled at the 10th Annual Meeting of the Board of the Governors of the Asian Infrastructure Investment Bank from June 24 to 26, the new version is an update of the one that AIIB released five years ago.

AIIB's previous version of corporate strategy defines its mission as "financing infrastructure for tomorrow," with the operational focus on green infrastructure, connectivity and regional cooperation, technology-enabled infrastructure, and private capital mobilization.

Under the updated strategy, AIIB aims to double its annual financing goal to $17 billion in 2030, and maximize climate impact, targeting over 50% of its own financing to climate-related investments annually in 2025. In fact, AIIB has surpassed this target for three consecutive years since 2022.

Since its establishment 10 years ago, AIIB has maintained a clearly defined mission of addressing infrastructure financing and development needs across Asia and beyond. It champions multilateralism by enhancing infrastructure connectivity, advancing regional economic integration, and improving people's living standards.

As of the first day of the annual meeting on June 24, AIIB had approved a total of 322 projects, with financing exceeding US$60 billion. These investments have mobilized over $200 billion in capital for infrastructure development, benefiting 38 members across Asia and beyond.

At the meeting, AIIB released the report titled "Scaling Impact through Collaboration: Shaping the Future of AIIB Partnership in the Multilateral Development Bank Context," reiterating its firm commitment in multilateralism.

"The past decade has been a decade of collaboration," said Jin Liqun, president of AIIB, at a press conference of the annual meeting. He said such cooperation has manifested both in AIIB's partnerships with other institutions.

The AIIB is embarking on a new decade-long journey and stands ready to deepen collaboration with its diverse partners, including the World Bank, private capital providers, philanthropic organizations, and others, Jin said.