The two-day eighth annual council meeting of the Asian Infrastructure Investment Bank (AIIB) concluded in Sharm el-Sheikh, Egypt on the 26th. At this meeting, the applications of El Salvador, Solomon Islands, and Tanzania to join the AIIB were approved, and the number of AIIB members increased to 109. Since its opening and operation in 2016, the "circle of friends" of the Asian Investment Bank has become increasingly large, becoming the second largest multilateral development institution in the world after the World Bank in terms of member size. The reason why the Asian Investment Bank is becoming increasingly attractive may be found in its mission, implemented projects, and future plans. Since its opening and operation, the Asian Investment Bank has always upheld multilateralism, adhered to the principles of consultation, construction, and sharing, adhered to international, normative, and high standard operations, achieved rapid development from a high starting point, and interpreted and practiced the concept of a community with a shared future for mankind through practical actions and fruitful results. The members of the Asian Investment Bank are mainly developing countries, while also including many developed economies. This unique advantage makes the Bank a bridge and link for promoting South-South and North-South cooperation. In terms of internal governance and management, the Asian Investment Bank has established a comprehensive three-level management structure consisting of a board of directors, a board of directors, and a management team, following the common practices of multilateral development banks. It has also established effective bank supervision and accountability mechanisms based on the principles of transparency, openness, independence, and accountability. The Asian Investment Bank is actively committed to strengthening its connections with other international financial institutions. At the opening ceremony of this annual meeting, the President of the Asian Development Bank, Jin Liqun, stated that the bank is currently the largest joint financing partner between the World Bank and the Asian Development Bank. It has conducted close joint financing cooperation with institutions such as the European Bank for Reconstruction and Development and the European Investment Bank, and has also signed important cooperation agreements with many international partners, including the African Development Bank and the German Credit for Reconstruction Bank. It is reported that the Asian Investment Bank recently reached a $1 billion sovereign guaranteed loan agreement with the World Bank, which goes beyond geographical limitations and provides guarantees for sustainable infrastructure financing in low-income countries. This is a strong evidence of the Asian Investment Bank's collaboration to strengthen the role of the multilateral development banking system. The original intention of the establishment of the Asian Investment Bank is to strengthen the infrastructure construction of Asian countries and regions, and with the expansion of its members, it also focuses on the development needs of its members in Africa, Latin America, Central and Eastern Europe and other regions. Its transparent and efficient operation is increasingly welcomed by developing countries. Karim Umda, an economics professor at the Arab Academy of Science, Technology and Maritime Transport in Egypt, believes that when providing financing, the Asian Investment Bank does not attach any political conditions, implements low interest rates, and facilitates lending. It helps developing countries like Egypt obtain funding, promote infrastructure project implementation, and achieve economic development. This year's AIIB annual meeting was held for the first time in Africa. Vice President of the Asian Investment Bank, Shuknecht, believes that this demonstrates the bank's increasing commitment to working with other multilateral development banks to provide financing for sustainable infrastructure in Africa. Egyptian President Hosni al Sisi highly praised the Asia Pacific Investment Corporation's actions towards emerging economies at the opening ceremony of the annual conference