Core Viewpoint - The focus of the discussions at the Asian Infrastructure Investment Bank (AIIB) annual meeting was on enhancing regional connectivity, which is seen as crucial for sustainable economic development and social stability in the region [1][2]. Group 1: Regional Connectivity and Infrastructure - Enhancing regional connectivity can effectively leverage resource complementarity, which is vital for sustainable and efficient economic development [1]. - AIIB has prioritized cross-border connectivity and regional cooperation as one of its four main business directions, aiming for cross-border projects to account for 25%-30% of its portfolio by 2030, with an early achievement of 33% by 2024 [1]. - The ASEAN power grid is being actively developed to promote electricity connectivity in the region, which is expected to drive economic growth [3]. Group 2: Energy Security and Cooperation - Energy security has become a critical issue, with recent power outages highlighting its importance for economic development [3]. - The integration of energy arrangements among ASEAN member states is expected to enhance regional energy security and economic effectiveness [3]. - The demand for energy is projected to triple in some regions by 2050, indicating a significant need for energy network construction [4]. Group 3: Challenges in Implementation - Political risks and the need for consistent policy frameworks among countries are major challenges in advancing regional connectivity projects [8]. - Achieving regional consistency and cooperation is essential for the successful implementation of cross-border infrastructure projects [9]. - Financing remains a significant challenge, with a projected global infrastructure investment gap of $15 trillion by 2040 [9]. Group 4: Financial Support and Multilateral Cooperation - Multilateral cooperation is deemed essential for the success of connectivity projects, with financial institutions playing a crucial role in providing guarantees and risk investments [9]. - AIIB and other multilateral institutions can offer various financial tools to attract private sector investment and mitigate project risks [9][10]. - The Islamic Development Bank emphasizes the importance of leveraging investment value and resources for large, complex, and high-risk infrastructure projects [10].