First, AIIB will continue to respond to client demand, including emergency needs as necessary, while remaining focused on our Corporate Strategy priorities to the extent circumstances allow. Where possible, the Bank will look into standalone, innovative transactions or where we are a lead co-financier.

Second, we will adopt a focused approach to scaling up business activities, ensuring that our institutional capacity, high project standards and financial sustainability are not compromised and, to the extent possible, gradually build up capacity in other Corporate Strategy priorities to enable more advanced implementation in the coming years.

Third, we will strive to build our institutional capacity at a pace commensurate with our Corporate Strategy ambitions.

Considering the expected opportunities and challenges in the current operating environment, we will focus on five areas in 2022: (i) supporting economic recovery and resilience; (ii) advancing green/climate financing and Paris Alignment; (iii) strengthening our client-oriented culture; (iv) ensuring high portfolio quality; and (v) bolstering financial sustainability.