""That growth trajectory is going to continue," Kim-See Lim, the chief investment officer of the Asian Infrastructure Investment Bank (AIIB), tells Fortune at the sidelines of the Forum Ekonomi Malaysia. "Asia has a young population base that is very tech-savvy and, with that, productivity and knowledge transfer will really go up.""
""the first step towards supporting economic growth in Malaysia and the surrounding region.""
""In 1980, China didn't have any expressways, no electrified railways, no modern airports, nothing in terms of so-called modern infrastructure," Jin Liqun, AIIB's founding president, told Fortune in an interview last year. "Yet by 1995, China's economy started to take off. From 1995, other sectors-manufacturing, processing-mushroomed because of basic infrastructure.""
Asia is projected to contribute up to 40% of global growth by 2040, driven by a young, tech-savvy population that boosts productivity and knowledge transfer. Malaysia exhibits strong macro signs, including a 2.9% unemployment rate and a ringgit at a five-year high. The AIIB signed cooperation agreements with Maybank, CIMB, AmBank and BPMB to mobilize $6 billion for green infrastructure across Southeast Asia. Energy firms play a major role in ASEAN economies. The AIIB, established in 2015 to foster sustainable development and connectivity in Asia, counts 111 member countries and supports regional infrastructure expansion.
Read at Fortune
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