AIIB President encourages public-private sector trust in infrastructure building

Jin Liqun, President of the Asian Infrastructure Investment Bank

Jin Liqun, President of the Asian Infrastructure Investment Bank

AIIB President encourages public-private sector trust in infrastructure building

15/05/17

By Samantha Deave

“This is your bank”, the President of the Asian Infrastructure Investment Bank (AIIB), Jin Liqun, said as he addressed the audience at the World Economic Forum on ASEAN in Phnom Penh last week. He said that the AIIB was committed to providing infrastructure development in the region, with a specific emphasis on ‘smart’ infrastructure.

Speaking at a panel discussion on ‘Realising Smart Infrastructure investment’, Jin Liqun emphasised the importance of revolutionary thinking for the design and implementation of infrastructure in the region. The bottleneck in infrastructure is indicative of the region’s success, he said, and with rapid growth expected to continue, new measures are in desperate need.

Over the past decade, infrastructure has seen some of the least technological change and therefore is a key area for disruption.

Jin Liqun went onto address the Heads of States and Ministers in the audience: “The government shouldn’t do what the private sector can. The government needs to provide the rules, and not play the game.”

He encouraged the government representation that the best outcomes would come from a competitive environment that fostered the best private sector ideas and where there is strong trust between the private and public sector.

ASEAN is a key region for engagement for the AIIB. This was highlighted by the presence of Jin Liqun, President of AIIB, along with Joachim von Amsberg and Danny Alexander, both VPs of AIIB, at this year’s WEF ASEAN summit.

Joachim von Amsberg will brief Asia House corporate members in London on 1 June. Following this he will also make the keynote address on the new multilateral order and the role of the AIIB.

For more information, click here.